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Morgan Stanley ups target price of IT stocks by up to 29%

Morgan Stanley has increased the target prices of certain information technology (IT) stocks by as much as 29 per cent, anticipating an improvement in earnings in the near future. Within the IT and engineering research and development (ER&D) services sector, it is now more optimistic about growth and margin estimates for 2024-25 (FY25).
Gaurav Rateria Sulabh Govila Uttam Ghosh Rediff Tata Consultancy Services Morgan Stanley Lt Technology Services
Source: rediff.com

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Bumpy October F&O series ahead for Nifty as short rollovers surge, FIIs unwind longs

The double whammy of shorts rollover and FIIs’ falling long positions amidst a slew of key events including the Reserve Bank of Indias monetary policy meeting, the MSCI rejig and July-September earnings paints the picture of a volatile October for Nifty.
Abhilash Pagaria Nuvama Alternative Quantitative Research National Stock Exchange Nifty Macrotech Developers Punjab National Bank Tata Communications

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