Buy, Sell or Hold: Morgan Stanley maintains overweight on LG Electronics; Citi recommends sell on Wipro

Brokerages shared a mixed outlook on India’s IT and tech-linked companies, highlighting both opportunities and near-term hurdles. Morgan Stanley remained positive on LG Electronics India and Kaynes Technology due to export growth and margin expansion drivers. Citi maintained a cautious stance on Wipro despite traction in BFSI and healthcare. Overall sentiment emphasises execution, efficiency, and new growth catalysts such as AI and manufacturing integration.