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Why Morgan Stanley upgraded this realty stock despite slowdown in the sector

Updated : November 27, 2019 02:57 PM IST

The real estate sector has been a casualty of the liquidity crisis as well as the demand slowdown, yet this realty stock has risen 25 percent in the last one year.
For global brokerage Morgan Stanley, the company is their top pick in the sector.
The brokerage upgraded the stock to 'overweight' and raised its target price to Rs 269 from Rs 210 earlier, implying a return potential of 25 percent.
Why Morgan Stanley upgraded this realty stock despite slowdown in the sector
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