scorecardresearchAdani Group: Morgan Stanley remains underweight on Ambuja Cements and ACC; here's why

Adani Group: Morgan Stanley remains underweight on Ambuja Cements and ACC; here's why

Updated: 21 Sep 2022, 09:10 AM IST
TL;DR.
As per Morgan Stanley, there is still no clarity around the end-use of the fund infusion. This will drive near-term volatility for the industry, but is net positive in the medium term.
Morgan Stanley maintained its underweight rating on both stocks. As per the brokerage, there is still no clarity around the end-use of the fund infusion. This will drive near-term volatility for the industry, but is net positive in the medium term, it said.

Morgan Stanley maintained its underweight rating on both stocks. As per the brokerage, there is still no clarity around the end-use of the fund infusion. This will drive near-term volatility for the industry, but is net positive in the medium term, it said.