Indian market is likely to trade lower on Thursday amid tensions on the Russia-Ukraine front, but there will be stock-specific action in which global brokerage came out with their reports on business development, or earnings outlook. Indian stock markets witnessed a massive drubbing and were trading significantly low from the Wednesday closing. While the Nifty50 was trading at 16510.50 around 10:15 am and were down over 500 points or 3 per cent. Meanwhile the 30-share BSE Sensex was trading at 55,461.28, down by 1770.78 points or 3.09 per cent.  

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

Crompton Greaves: Overweight| Target Rs 485

JPMorgan upgraded Crompton Greaves to overweight from neutral and also raised its target price to Rs 485 from Rs 475 earlier translating into an upside of nearly 19 per cent from Rs 408 recorded on 23 February.

The recent acquisition opens up large kitchen appliances opportunities. The company expects transactions to be EPS neutral in FY23 and accretive in FY24.
 
The stock has been a significant underperformer and offers attractive risk-reward post sharp underperformance.

MindTree: Equalweight| Target Rs 5100

Morgan Stanley maintained the equalweight rating on MindTree with a target price of Rs 5100 which translates into an upside of over 34 per cent from Rs 3802 recorded on 23 February.

The growth momentum continues to be strong and with the right investments, the company expects to further increase its relevance for clients.

The management appeared to be confident on managing margins at 20%+ levels, said the note.

Bandhan Bank & IndusInd Bank:

Bandhan & IndusInd Bank may be poised for a turnaround in earnings, said the Jefferies note.
 
Bandhan’s credit costs surged to 10% in FY22. Channel checks indicate improved collections on top of buffer provisions.
 
IndusInd faced issues on credit costs and controls. Improvement could drive re-rating given its cheapest private bank we cover, added the note.

Bandhan Bank: Buy| Target Rs 380

Jefferies maintained a buy rating on Bandhan Bank with a target of Rs 380 that translates into an upside of over 20 per cent from Rs 316 recorded on 23 February.

IndusInd Bank: Buy| Target Rs 1220

Jefferies maintained a buy rating on IndusInd Bank with a target of Rs 1220 that translates into an upside of over 28 per cent from Rs 1220 recorded on 23 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.)