Buy, Sell or Hold: Morgan Stanley remains overweight on PI Industries; Goldman Sachs retains buy on Bharat Electronics

Brokerages are bullish on select large-cap stocks, with recent recommendations highlighting opportunities in defence, financial services, and agrochemicals. Goldman Sachs maintains a buy on Bharat Electronics, citing strong growth and margins, while Morgan Stanley backs PI Industries and Aditya Birla Capital on improving business momentum and long-term growth triggers, suggesting potential upside of 15% to 33%.