shares rose nearly 5% after Morgan Stanley upgraded the stock to Overweight and increased the target price to ₹3,500. The upgrade was driven by strong fundamentals, particularly in the paints business and UltraTech Cement's continued ***** revised target implies an upside of over 34 percent from current levels. The Aditya Birla Group company was also named a “top pick in coverage” by the brokerage, with analysts bullish on both its core and emerging businesses.

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