The Indian markets are likely to open in the red as hinted by SGX Nifty on the Singaporean Exchange on Friday. The SGX Nifty Futures was trading lower by 220.50 points or 1.34% to 16,291 around 8.15 am on the Singapore exchange. However, 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: 

Interglobe: Overweight| Target Rs 2795 

Global brokerage house Morgan Stanley sees huge upside in this aviation stock. MS maintained an overweight rating on Interglobe with a target price of Rs 2795, which translates into an upside of 61% on Thursday's closing of Rs 1730.  

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IndiGo has used the downturn to improve its relative market position in terms of unit costs, market share and balance sheet.  An improved relative position going into an upcycle can help capture the bulk of profits, says the brokerage 

Biocon: Overweight | Target Price: Rs 465 

On target price of Rs 465, Morgan Stanley sees an upside of nearly 36% against CMP of Rs 340 that it traded on Thursday.  

Expect BBL's post deal net debt of $1.5bn to continue until F25   

BBL targets IPO sometime in 2H23   

Based on post deal equity & debt value, EV works out to roughly US$10bn with F24 EBITDA of US$500-550mn, implying 18-20x EV/EBITDA val 

Bajaj Auto: Buy | Target Price Rs 4270 

Goldman Sachs initiated a buy rating for Bajaj Auto with a target price of Rs 4270, which translates into upside of 29% on closing price of Rs 3297 a share on March 3.  

TVS Motors: Neutral | Target Price: Rs 640 
Giving a neutral rating, Goldman Sachs sees a modest upside of 9% with a target price of Rs 640 on CMP of Rs 586.  

Hero Moto: Sell | Target Price: RS 2080 

Initiating a sell, Goldman Sachs sees downside of 14% in this auto stock on CMP of Rs 2418 and target of Rs 2080. 

Hero Moto: Neutral | Target Price: Rs 2418 

Maintaining a neutral rating, Credit Suisse sees a 22% upside in Hero MotoCorp. It sees the stock touching a target of Rs 3094 in a year, which comes out at 22% on CMP of Rs 2418. 

(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.)