Morgan Stanley

Polycab Block Deal: Foreign Investors Acquire Stake Worth Rs 1,740 Crore

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Polycab India’s promoters and a public shareholder sold a combined 1.55% stake in the company, raising nearly Rs 1,740 crore through open market transactions. Foreign investors, including JP Morgan and Morgan Stanley, were among the key buyers.

AU Small Finance Bank: Morgan Stanley Sees Over 30% Upside, Hikes Target Price to Rs 1,000

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Morgan Stanley has raised its target price on AU Small Finance Bank Ltd. to Rs 1,000, citing confidence in the lender’s growth prospects through fiscal year 2027. This suggests a sizable upside of over 30% from the current trading price of Rs 745.