Morgan Stanley News

Vedant Fashion, Jefferies has a hold rating on Nazara Technologies, CLSA maintained a buy on Zee Entertainment and Jefferies maintained an underperform rating on Piramal Enterprises. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on Vedant Fashion: Overweight| Target Rs 1418 Morgan Stanley maintained an overweight rating on Vedant Fashion at a target price of Rs 1418. The global investment bank believes that the share price will rise relative to the country index over the next 60 days. The global investment bank expects the company to deliver strong H2 top-line growth, aided by a higher number of wedding dates and festive season. The management has seen good traction in sales, footfalls, and conversions during the Navratri period. Analysis of credit card spend also indicates that festive spending is strong.

The Federal Reserve is scrutinizing whether Morgan Stanley’s wealth management business is taking adequate measures to prevent potential money laundering by wealthy clients from outside the U.S.

TKO Group Holdings (TKO) fell nearly 5% after-hours Thursday after the company announced that large shareholder Vincent McMahon plans to sell 8,400,000 shares of common stock in a secondary offering.

By Saeed Azhar and David French

Morgan Stanley's headquarters in New York.

Huw Pill (pictured), said that 'sustaining rates at their current restrictive level will continue to bear down on inflation'. Credit: Bank of England

A casual approach to desk allocation at work poses a risk to the market for office buildings, according to analysts at Morgan Stanley.

The results are starting to trickle in for one of the investment banking sector’s most anticipated annual rankings – the Peter Lee survey, which asks institutional investors to rank sell-side analysts and their trading desks.

Global Capability Centres (GCC) are bucking the broader industry’s hiring downtrend. This year, GCC hiring could climb up to 30% from last year, with four out of five facilities adding jobs, data accessed by ET showed. Fresher hiring by GCCs will mainly benefit premier institutes, experts said. This comes as the top Mumbai-listed IT services companies, otherwise among the leading absorbers of fresh engineering and management talent, have decided to skip the campuses.

Moneycontrol report said, citing one of the sources. Four other i-bank – Bofa Securities, Jefferies, ICICI Securities and Avendus Capital – are also expected to be signed as potential advisors for the much-awaited issue, another person aware of the matter told the publication. Livemint could not independently verify the development.

Following the abrupt departure of Henry Tsai, Morgan Stanley's head of APAC internet banking Morgan Stanley appears to have lost another even more senior banker from its internet banking team. 

RBI’s target band in July and August on account of higher food prices, which raised investor concern about whether RBI would have to hike rate again to bring inflation back under control. However, the vegetable prices that spiked and led to this acceleration in inflation were of a short-duration nature and their prices have since reversed. Over the coming quarters, MS India economist, Upasana Chachra, expects that headline inflation will remain within the target range.

Morgan Stanley had to divert its local phones overseas to receive incoming calls thanks to telecommunications provider Optus’ massive outage on Wednesday.

Custodia Bank, a crypto-friendly bank, announced that it has officially launched its Bitcoin custody platform to customers in select U.S. states.

According to individuals with knowledge of the situation, the sovereign wealth fund of Saudi Arabia is currently negotiating an investment of no less than $250 million in Human Horizons Group, a Chinese electric-vehicle manufacturer.

Morgan Stanley’s James Gorman, preparing to step down as the firm’s leader at the end of this year, said he will also vacate his post as chairman by the end of 2024.

By Selena Li

brokerages took a favourable view on the stock following its September quarter earnings. Among them were Morgan Stanley which remains overweight on the counter relying on improvements being seen in its business. In the domestic pack, Nuvama maintained a buy view while Kotak Institutional Equities recommended an 'Add'. On Monday, Nykaa reported a 8% year-on-year (YoY) growth in its consolidated net profit at Rs 5.4 crore for the quarter ended June 2023.

French infrastructure giant Vinci Group has boomeranged back to its former Aussie advisers for a run at Melbourne’s EastLink toll road, as the auction heats up before first-round bids.

Cello World listed with a healthy premium of 28% on the exchanges on Monday. On listing, the stock witnessed some profit booking and closed the day with a 22% gain over the issue price. Analysts believe the premium listing is justified on the back of reasonable IPO valuations, following a strong product demand, financial track record and reputed brand presence. The IPO received a positive response from investors with subscriptions of nearly 42 times at close. «After such a strong listing, investors may book profit.

Institutional investors managing at least $100 million are facing some significant challenges in the current market and economic environments, but what are their main focuses?