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Morgan Stanley’s Stocks to BUY or SELL: Global brokerage Morgan Stanley has reiterated its bullish outlook on select Indian equities, identifying high-growth opportunities in companies with strong earnings visibility, leadership strength, and robust order pipelines.
Among its top “Overweight” stock recommendations are InterGlobe Aviation, Bharat Electronics, and Jubilant FoodWorks, with a potential upside of up to 55–56 per cent based on current market prices and target valuations.
Here’s the list of stocks to BUY or SELL suggested by Morgan Stanley:
| Company | Rating | Target Price (Rs) | Current Price (Rs) | Upside/Downside |
| InterGlobe Aviation (IndiGo) | Overweight | 6,498 | 4,247 | + 53% |
| Bharat Electronics Limited | Overweight | 508 | 422.8 | + 20% |
| Hindustan Aeronautics Limited | Underweight | 3,355 | 3,642 | – 8% |
| Avenue Supermarts | Equal-weight | 4,552 | 4,253 | + 7% |
| Jubilant FoodWorks | Overweight | 693 | 444 | + 56% |
InterGlobe Aviation (IndiGo) Share Price Target 2026
Morgan Stanley maintains an ‘Overweight’ rating on InterGlobe Aviation (IndiGo) with a target price of Rs 6,498, implying an upside of nearly 53 per cent from the current price of Rs 4,247.
The brokerage highlights the appointment of William Walsh, former CEO of Aer Lingus, British Airways, and IAG, and ex-IATA chief, adding strong global leadership.
The move aligns with IndiGo’s international ambitions and is seen as positive for long-term growth and execution, Morgan Stanley said.
Bharat Electronics (BEL) Share Price Target 2026
Morgan Stanley maintains an Overweight rating on Bharat Electronics with a target price of Rs 508, implying an upside of around 20 per cent from the current price of Rs 422.8.
The brokerage highlights strong order inflows of Rs 300 billion for FY26, ahead of guidance, with a robust pipeline across radars, avionics, and communication systems. A healthy order book and sustained inflows provide strong execution visibility going forward.
HAL Share Price Target 2026
Morgan Stanley maintains an Underweight rating on Hindustan Aeronautics Limited with a target price of Rs 3,355, implying a downside of around 8 per cent from the current price of Rs 3,642.
The brokerage notes modest FY26 revenue growth but highlights weaker-than-expected 4Q performance. Execution challenges in key programs, along with supply chain constraints, may weigh on near-term performance despite a strong order book and ongoing capacity expansion.
Avenue Supermarts (DMart) Share Price Target 2026
Morgan Stanley maintains an Equal-weight rating on Avenue Supermarts with a target price of Rs 4,552, implying a modest upside of approximately 7 per cent from the current price of Rs 4,253.
The brokerage highlights accelerated store expansion, with 85 additions planned in FY26 and total store count reaching 500. Strong network growth and rapid additions across key states are expected to support revenue growth momentum into FY27.
Jubilant FoodWorks Share Price Target 2026
Morgan Stanley maintains an Overweight rating on Jubilant FoodWorks with a target price of Rs 693, implying an upside of around 56 per cent from the current price of Rs 444.
The brokerage notes the planned exit from the loss-making Dunkin franchise, which contributes minimally to revenue. The move is unlikely to impact financials materially and sharpens strategic focus on core growth brands, Domino’s and Popeyes.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)
