Leading brokerages CLSA and Morgan Stanley have initiated coverage on Vedanta Aluminium and Adani Enterprises, respectively, signaling significant upside potential. CLSA sees a 16% gain for Vedanta, citing a strong aluminium upcycle and undervalued stock. Morgan Stanley anticipates an 18.5% rise for Adani Enterprises, highlighting its entry into a major earnings monetization phase driven by multiple large-scale projects.
