Morgan Stanley sees Aditya Birla Capital share price rallying up to Rs 247; stock rises 3.5%

Aditya Birla Capital shares rose 3.5% after Morgan Stanley upgraded the stock to 'overweight' with a target price of Rs 247, implying 42% upside. Despite a 24% decline over the past three months, Morgan Stanley projects strong recovery with 20% AUM CAGR and 18% EPS CAGR by FY27, supported by solid fundamentals and strong funding access.