The market is likely to remain volatile on Monday over the remaining session, tracking weak global cues, but there will likely be stock-specific action in which global brokerage firms tweaked their rating or target price.

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Indian market which closed with losses of about 3 per cent for the week ended 17 December. The Nifty50 closed below its crucial psychological support at 17000 on Friday.

We have collated a list of recommendations from various global brokerage firms according to a Zee Business TV report:

NYKAA: Equal-Weight| Target Rs 2183

Morgan Stanley initiated an Equal-Weight rating on FSN E-commerce (NYKAA) and a target of Rs 2183 that translates into an upside of 4 per cent from Rs 2099 recorded on 17 December.

Nykaa is a profitable nascent e-commerce business. Along with strong growth, the company has achieved profitability faster than the market expects.

Morgan Stanley is bullish on the business, but the risk-to-reward ratio appears balanced.

Cipla: Buy| Target Rs 1051

Nomura maintains a buy rating on Cipla with a target of Rs 1051 that translates into an upside of over 22 per cent from Rs 859 recorded on 17 December.

Cipla on 18 December announced final USFDA approval of Lanreotide depot injection under 505b(2) pathway.
 
The approval is a positive surprise, and is not factored explicitly into our earnings estimates, said the Nomura note.

SBI Cards & Payment Services: Overweight| Target Rs 1350
 
Morgan Stanley maintains an overweight rating on SBI Cards with a target price of Rs 1350 that translates into an upside of over 49 per cent from Rs 904 recorded on 17 December.

RBI’s intent in capping credit card Merchant Discount Rate (MDR) & potential magnitude are both unclear, so SBI Cards stock is in uncharted territory, said the note.
 
However, the global investment bank is of the view that the market could be underestimating offsetting factors, and arguments are in favour of the stock.  

Policy Bazaar: Equal-Weight| Target Rs 1160

Morgan Stanley initiates coverage on Policy Bazaar or PB Fintech with an Equal Weight rating and a target price of Rs 1160 that translates into an upside of 7 per cent from Rs 1081 recorded on 17 December.
 
The company has a significant business vintage and a leadership position.

Insurance distribution which contributes around 70 per cent of revenues is highly regulated.
 
PolicyBazaar, in particular, has engaged intensely in this sector. The valuation appears full, which drives an Equal Weight rating by Morgan Stanley.

(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.)