4 power stocks including 2 PSUs upgraded by Morgan Stanley: Check rating and targets
Brokerage firm Morgan Stanley is mixed on the power space despite the ever-increasing demand in the ultility space.
Here how it views the different stocks including public sector power companies.
Morgan Stanley on Torrent Power
The brokerage has given an overweight call on the stocks with the target raised to Rs 2,268 from Rs 1,185. The target implies over 20 per cent possible gains.
Morgan Stanley on NTPC
The brokerage continues with its overweight call with a raised target of Rs 496. The target implies possible gains of 14 per cent.
Morgan Stanley on Power Grid
The brokerage downgrades the stock to equalweight from overweight. Nonetheless, the target has been raised to Rs 362 from Rs 296. The target suggest losses of nearly 1 per cent from the last traded price.
Morgan Stanley on Bharat Heavy Electricals
The brokerage has upgraded the stock to overweight from the previous equalweight rating. The target of Rs 352 implies gains of over 25 per cent.
Morgan Stanley on Tata Power
The brokerage double-upgraded the stock to overweight. The target has also been raised to Rs 577. This means potential gains of 21 per cent.