Green Economy Stocks To Buy In 2022: Morgan Stanley

GAIL India

GAIL India's Current Market Price is ~ Rs. 141, till November 18, 1.38 PM IST. Morgan Stanley has given a Price target of Rs. 202 for the same company's stock. The firm thinks that the company will work for hand in hand for the rising gas penetration in India. GAIL India will also help the central government to focus on expanding gas as one major energy transition fuel.

National Thermal Power Corporation Limited (NTPC)

NTPC's Current Market Price is ~ Rs. 136, till November 18, 1.38 PM IST. Morgan Stanley has given a Price target of Rs. 150 for the same company's stock. The firm thinks that this public sector corporation will transform for becoming an integrated player in the diversified sectors in major segments like renewable energy, energy storage, energy distribution, and EV charging.

Reliance Industries Ltd.

Reliance Industries' Current Market Price is ~ Rs. 2484, till November 18, 1.43 PM IST. Morgan Stanley has given a Price target of Rs. 2,925 for the same company's stock. The firm thinks that Reliance Industries is focused on the de-carbonization of its energy business including infrastructure in areas of hydrogen, integrated solar PV, and grid batteries.

Larsen & Toubro's Current Market Price is ~ Rs. 1912, till November 18, 1.55 PM IST. Morgan Stanley has given a Price target of Rs. 2,216 for the same company's stock. Morgan Stanley believes that Larsen & Toubro is well concerned about de-carbonization in multiple segments of its own and also focussed to increase the green hydrogen portfolio, which contributed 31% of its revenue in FY21.

Motherson Sumi

Motherson Sumi's Current Market Price is ~ Rs. 240, till November 18, 1.55 PM IST. Morgan Stanley has given a Price target of Rs. 255, for the same company's stock. The firm thinks that Motherson Sumi's "wiring harness business will benefit from the industry's product mix shifting towards hybrid cars and electric vehicles from internal combustion engines."

Conference of Parties (COP)

Recently the Conference of Parties - COP26, the climate change summit has been organized in Glasgow. The stakeholders of the summit sounded optimistic about the green energy side, globally. The energy transition from fossil fuels to green or environment-friendly sources is the most important investment target of the current and the next decade. Morgan Stanley in its report stated, "With COP26 wrapped up in November, we expect 2022 will be a year of implementation rather than seeing new policies and targets."