Brokerage firm Morgan Stanley has maintained its "overweight" rating on Nifty 50 stock and food delivery and quick commerce aggregator Eternal Ltd. in its latest note on Tuesday, November 18.

Morgan Stanley remains "overweight" on Eternal and with a price target of ₹427, which implies a potential upside of 38% from Monday's closing levels. Shares of Eternal have declined 9% in the last one month.

The brokerage said that Eternal's shares currently have the best risk-reward and that it would use the current weakness to accumulate the stock.

Eternal's strategy of doubling down on customer market share, is something that Morgan Stanley likes, as it believes that the expansion of the company's wallet share can follow later.

However, in a stress case scenario, Morgan Stanley believes that hi

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