Morgan Stanley upbeat about Aditya Birla retail twins; targets suggest up to 47% gains in ABFRL, ABLBL
Morgan Stanley is upbeat about Aditya Birla group apparel retailers, with an ‘overweight’ rating on Aditya Birla Fashion and Retail Ltd (ABFRL) and Aditya Birla Lifestyle Brands Ltd (ABLBL) each. The foreign brokerage’s targets for the companies — ABLBL was demerged from ABFRL earlier this year — imply potential gains of 22-47 per cent from…