Wed Oct 09 04:52:24 UTC 2024: ## Brokerage Radar: Stock Picks and Market Updates

**Mumbai, India -** The Indian stock market is buzzing with activity today, with several key brokerages issuing new recommendations and target prices for a variety of companies.

**Morgan Stanley** remains bearish on the paint sector, maintaining an **underweight** rating for **Berger Paints** with a target price of Rs 497 and **Asian Paints** with a target price of Rs 2522.

**Goldman Sachs** is bullish on **Neuland Labs**, reiterating a **Buy** rating and raising the target price from Rs 11,400 to Rs 12,975. The firm also maintains a **Buy** rating for **IndusInd Bank** with a target price of Rs 1635.

**CLSA** has a **Outperform** rating for **Zomato** with a target price of Rs 283.90 per share. Meanwhile, **HSBC** initiates a **Buy** rating for **Varun Beverages** with a target price of Rs 780.

In other market news, **Mstack** has secured $40 million in funding from Lightspeed and Alpha Wave. The company plans to use the funds for research and development as well as operational expansion.

ET Now is also highlighting key insights from the latest **The Money Show** episodes, including:

* **Best Mutual Fund Advice By Experts**: Get your questions answered by top industry experts.
* **Decoding 1Finance Magazine’s RMS Survey**: Learn about the potential changes in Indian bank Relationship Management models.
* **Portfolio Diversification During Market Slump**: Discover strategies for navigating market volatility and protecting your portfolio.

The **Nifty** is holding steady at 25,000, with **IT** and **PSU bank** stocks performing well despite the bearish market sentiment.

**Investors are advised to follow the latest news and expert analysis for informed investment decisions.**

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