Indian market edged lower on Wednesday 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:

Marico: Buy| Target Rs 665

Nomura maintained a buy rating on Marico with a target price of Rs 665 that translates into an upside of over 22 per cent from Rs 544 recorded on 5 April.

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Demand held up relatively well against a high base and weak consumption trends. The global investment bank estimates consolidated Q4 revenue growth of 7.5 per cent and EBITDA/profit growth of 9%/5% on a year-on-year basis.

Bandhan Bank: Buy| Target Rs 380

Jefferies maintained a buy rating on Bandhan Bank with a target price of Rs 380 that translates into an upside of over 20 per cent from Rs 315 recorded on 5 April.

The company reported a healthy asset growth at 16% YoY/15% QoQ collection. Efficiency improved to 95% in the microfinance institutions (MFI) segment & 96% overall.

We may see negative net slippages in Q4. But sufficient provision buffers should keep credit costs low, said the note.

TCI Express: Buy| Target Rs 2300

Jefferies initiated a buy rating on TCI Express with a target price of Rs 2300 that translates into an upside of over 33 per cent from Rs 1721 recorded on 5 April.

Jefferies on TCI Express 

TCI Express should see its profits rise 2.8x in FY21-25E. The upside in the stock will be driven by 23% revenue CAGR & margin improvement.

It has access to a trucking fleet of over 5000. Return on Equity (ROE) of over 25% and 30% EPS CAGR in FY21-25E should drive upside, said the note.

India’s direct logistics market rose at 10% CAGR in FY18-20, the noted added.

Tata Motors: Overweight| Target Rs 561

Morgan Stanley maintained an overweight rating on Tata Motors with a target price of Rs 561 that translates into an upside of over 22 per cent from Rs 458 recorded on 5 April.

(Disclaimer: The views/suggestions/advice 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.)