Indian market opened flat in line with SGX Nifty amid mixed global cues, but there will be stock-specific action in which global brokerage came out with their reports on business development, or earnings outlook.We have collated a list of recommendations from various global brokerage firms according to a Zee Business TV report:
Bharti Airtel: Buy| Target Rs 860
Jefferies maintained a buy rating on Bharti Airtel with a target price of Rs 860 which translates into an upside of over 21 per cent from Rs 709 recorded on 25 March.
Key message from analyst day was that the company is well-positioned to grow its India-mobile, home broadband, and Enterprise business.
 

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The company is leveraging its database of over 350m users to scale up its Airtel Ads, digital marketplace and Airtel Loans business, said the note.PVR-Inox: Buy
CLSA maintained its buy rating on PVR and Inox post the merger announcement. According to the terms of the merger, 3 shares of PVR for 10 shares of INOX.
The merger offers a compelling synergy between the two giants in the Specialty Retail business. It will take over 6 months and will be subject to approval.
Meanwhile, PVR & INOX have seen a strong reopening, and in India OTT have limited risk to multiplexes. CLSA retains buy on PVR & INOX.SBI Cards: Overweight| Target Rs 1225
Morgan Stanley maintained an overweight rating on SBI Cards with a target price of Rs 1225 which translates into an upside of over 70 per cent from Rs 863 recorded on 25 March.
Both company and the industry saw the highest ever monthly card addition since July-August 2019.
 
Industry spending declined by about 2 per cent and for the company it was about 8 per cent on a month-on-month basis in February. Spends per day was up 8.5 per cent on a MoM basis for industry and 2 per cent for the company.Embasy REIT: Buy| Target Rs 413


CLSA maintained a buy rating on Embassy REIT with a target price of Rs 413 that translates into an upside of nearly 12 per cent from Rs 369 recorded on 25 March.
Leasing demand is picking up, and the portfolio is well-positioned - 74% in Bangalore & 70% GCC clientele.
 
The company highlighted an improvement in leasing demand, led by an increase in physical occupancy in offices & pent-up demand, said the note.
(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.)