Indian market is likely to consolidate on Wednesday through the day 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:

Bharti Airtel: Buy| Target Rs 915

CLSA maintained a buy rating on Bharti Airtel with a target of Rs 915 that translates into an upside of over 33 per cent from Rs 683 recorded on 8 March.

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Bharti’s lead in enterprise services vs Tata comm to extend growth trajectory. Bharti is a growth shelter amidst ongoing geopolitical tension, said the note.
 
The global investment bank sees upside potential both to growth and its valuation.

UPL: Overweight| Target Rs 914

Morgan Stanley maintained an overweight rating on UPL but slashed its target to Rs 914 from Rs 951. A target price cut still translates into an upside of over 26 per cent from Rs 724 recorded on 8 March.

Strong farm incomes, track record of execution, & compelling valuations are key positives. The company announced $150m buyback and the leverage is reasonable.
 
Key catalysts will be net debt reduction in 4Q, the outlook from global crop protection co's & F22 analyst meeting, said the note.

Phoenix Mill: Buy| Target Rs 1174

CLSA maintained a buy rating on Phoenix Mill but slashed its target to Rs 1174 from Rs 1300 earlier. A target price cut still translates into an upside of over 31 per cent from Rs 895 recorded on 8 March.

Feb 2022 saw a sharp recovery following the third wave of covid. March 2022 is likely to see further improvement.
 
The global investment bank expects rentals to see 30% CAGR over FY 22-27 CL. The risk-to-reward is favorable.

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