BlackBuck Shares Hit Lower Circuit After Morgan Stanley Initiates Coverage With ...

Shares of Blackbuck, a logistics startup, hit the lower circuit limit after Morgan Stanley initiated coverage with an "underperform" rating. The decision by the prominent investment bank to downgrade the stock led to a sharp decline in its share price. Investors reacted negatively, concerned about the company’s future growth prospects. This development has raised questions about the long-term viability of logistics startups in India, particularly in light of market volatility and investor sentiment toward newly listed firms.