Indian market opened higher on Monday as benchmarks extended gains for the fifth straight session amid mixed global cues. There will also 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: 
 
HDFC Bank: Buy| Target Rs 2025 
 
CLSA maintained a buy rating on HDFC Bank with a target price of Rs 2025 that translates into an upside of over 40 per cent from Rs 1397 recorded on 11 March. 
 
Commercial and rural a key growth engines for the bank. The market share and growth prospects remain strong in the SME space. 
  
Strong profitability with a good asset quality track record augers well for the private sector lender. RBI lifts ban related to Digital 2.0 launch which is positive. 
 
Escorts: Buy| Target Rs 2196 
 
CLSA initiated a buy on Escorts with a target price of Rs 2196 which translates into an upside of over 20 per cent from Rs 1818 recorded on 11 March. 
 
Escorts is a play on a recovery in the tractor cycle segment. The global investment bank expects strong growth (an 11% EPS Cagr in FY21-24) over the next 3 years, led by a revival in tractor volumes. 
  
We believe growth in construction and railways business which is not priced in Kubota investment to open multiple growths, said the note. 
 
IndusInd Bank: Overweight| Target Rs 1350 
 
JPMorgan maintained an overweight rating on IndusInd Bank with a target price of Rs 1350 that translates into an upside of nearly 50 per cent from Rs 902 recorded on 11 March. 
 
Growth will be a key factor to watch from hereon. The management gave a positive outlook on the loan growth. 
  
FY23 onwards will return to normalized credit cost of 130-15- bps. IndusInd Bank ROEs will reflate back to 15-16% levels from FY23 onwards, said the note. 
  
The valuations at 1.3X FY23 PBV are supportive. 
 
(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.)