Buy, Sell or Hold: Morgan Stanley remains Underweight on SRF; Elara Capital upgrades GRSE to Reduce from Sell

Brokerage activity remained stock specific with Morgan Stanley retaining an Underweight rating on SRF, Elara Capital upgrading GRSE to Reduce from Sell, and Motilal Oswal reiterating a Buy on Polycab India. Analysts cited segment specific earnings trends, order visibility and margin recovery as key drivers behind their revised outlooks.