Indian market is likely to trade lower on Monday amid muted global cues, but there will be stock-specific action in which global brokerage came out with their reports on business development, or earnings outlook.

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We have collated a list of recommendations from various global brokerage firms according to a Zee Business TV report:

Ambuja Cements: Outperform| Target Rs 390
 

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CLSA maintained the outperform rating on Ambuja Cements post December quarter results with a target price of Rs 390 that translates into an upside of over 15 per cent from Rs 338 recorded on 18 February.

Q3 was below expectation on high power costs, but capacity expansion is likely to drive growth going forward, said the note.

NTPC: Buy| Target Rs 180

CLSA maintained the buy rating on NTPC with a target price of Rs 180 which translates into an upside of over 36 per cent from Rs 132 recorded on 18 February.

NTPC is a key play on India’s entry into global GH2 market following govt launching National Hydrogen Mission.

While many players have spoken about GH2, NTPC is one actually implementing projects, with India’s largest electrolyser & a circular economy project.

If NTPC is able to secure a 15% share of the GH2 market to reach 759k kgs by FY32CL, the business could add Rs15/sh, or 11% to its current market price, said the note.

Bajaj Auto: Outperform| Target Rs 4000
 
JPMorgan maintained the outperform rating on Bajaj Auto but raised the target price to Rs 4000 from Rs 3875 earlier which translates into an upside of over 10 per cent from Rs 3632 recorded on 18 February.

Hero MotoCorp: Outperform| Target Rs 3100

JPMorgan maintained the outperform rating on Hero MotoCorp but raised the target price to Rs 3100 from Rs 3025 earlier which translates into an upside of over 11 per cent from Rs 2774 recorded on 18 February.

TVS Motor: Outperform| Target Rs 770

JPMorgan maintained the outperform rating on TVS Motor but raised the target price to Rs 770 from Rs 745 earlier which translates into an upside of over 16 per cent from Rs 663 recorded on 18 February.

(Disclaimer: The views/suggestions/advices expressed here in this article is solely by investment experts. Zee Business suggests its readers to consult with their investment advisers before making any financial decision.)