Vishal Mega Mart shares soar 10% after CEO reappointment. Here's why Morgan Stanley sees 41% upside

Vishal Mega Mart shares surged 10% on Monday after the company reappointed Gunender Kapur as Founder, MD and CEO for five years through August 2031. Morgan Stanley kept an 'Overweight' rating, saying the move eases succession concerns and provides continuity to the retailer's growth strategy, while seeing 41% upside potential.