Street goes bullish on retail-adjacent India plays: RIL, LG, GMR, IndiGo, Nestle
Morgan Stanley stays overweight on Reliance; Citi backs LG Electronics India's Rs 5,000cr Sri City plant with 85%+ localisation; Macquarie flags GMR Airports' duty-free monetisation; Jefferies buys IndiGo; Nomura sticks with Nestle despite Maggi FSSAI notice.
Brokerages issue ratings on Indian retail-adjacent names: Morgan Stanley overweight on RIL, Citi buy on LG Electronics India (Rs 5,000cr Sri City plant), Macquarie outperform on GMR Airports citing retail/duty-free monetisation, Jefferies buy on IndiGo, Nomura buy on Nestle India amid Maggi FSSAI notice.