Morgan Stanley stake & 75% upside call: Why newly listed Pace Digitek is drawing attention

Pace Digitek, a recently listed renewable and telecom infrastructure company, is in the spotlight after global investment giant Morgan Stanley picked up nearly 12 lakh shares in the open market. The move has boosted investor sentiment in a counter that debuted modestly on the bourses — listing at around a 4% premium to its issue price.

Adding to the optimism, Arihant Capital has initiated coverage on Pace Digitek with a Buy rating and a target price of ₹385, implying a 75% upside from current levels of around ₹225.