The Indian market opened more than 1 per cent lower on Monday as the Nifty50 slipped below 16,500, while the Sensex declined more than 500 points in the opening trade amid volatility due to Ukraine-Russia war. 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:

HDFC Bank: Buy| Target Rs 2025

CLSA maintained a buy rating on HDFC Bank with a target price of Rs 2025 which translates into an upside of nearly 40 per cent from Rs 1456 recorded on 25 February.  
 

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More leg for the elephant to dance. Commercial and rural will need to see a 20 per cent CAGR over the next 3-5% years, said the note. SME opportunity is a large untapped opportunity.

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 32 per cent from Rs 689 recorded on 25 February.

Bharti Airtel is to buy 4.7 per cent stake in Indus. The global investment bank is of the view that the deal is divergent to the company’s long-term strategy of monetising tower assets.
 
Although, Bharti Airtel has reiterated that it is committed to look at opportunities for monetizing its stake at an appropriate time, said the note.

GAIL India: Buy| Target Rs 170

Jefferies upgraded GAIL India to buy from hold and raised the target to Rs 170 from Rs 160 earlier that translates into an upside of nearly 26 per cent from Rs 135 recorded on 25 February.

Geopolitical development in Europe could keep LNG prices elevated. Elevated crude price will improve LPG realization, said the note.
 
The global investment bank sees limited risk to transmission volumes. InvIT listing in FY23E is a re-rating trigger. Jefferies sees limited risk to transmission volumes owing to strong spot LNG demand.

Ashok Leyland: Outperform| Target Rs158

Credit Suisse upgraded Ashok Leyland to outperform from neutral and also raised the target to Rs 158 from Rs 135 earlier translating into an upside of over 33 per cent from Rs 118 recorded on 25 February.

Following 15%/23% underperformance to auto Index/Nifty in the last 12 months.
Truck fleet utilizations signal a strong upcycle ahead, said the note. Roadblocks removed for an unfettered upcycle ahead.
 
(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.)