Indian market is likely to retest crucial support levels on Thursday, tracking weak 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:

Maruti Suzuki India: Buy| Target Rs 10,100

Goldman Sachs maintains a buy rating on Maruti Suzuki India Ltd post Q3 results with a target price of Rs 10,100 that translates into an upside of nearly 17 per cent from Rs 8650 recorded on 25 January.

The December quarter results beat estimates. The margin beat was led by a combination of expense control, consistent price hikes over the past 12 months as well as lower channel discounts.
 
The company indicated that margins in the March quarter should recover further which is a positive sign.

Cipla: Buy| Target Rs 1093

Jefferies maintained its buy rating on Cipla post Q3 results which translates into an upside of over 20 per cent from Rs 902 recorded on 25 January.

The revenue was largely in-line with estimates while EBITDA & PAT were 3 per cent below estimates in the December quarter.
   
A slight miss came on lower margins impacted by raw material inflation, logistics costs & inventory provision.
 
The company indicated a gradual ramp-up for Lanreotide while refraining from giving timelines for Abraxane.

United Spirits: Overweight| Target Rs 1020

JPMorgan maintained the overweight rating on United Spirits post December quarter results with a target price of Rs 1020 that translates into an upside of nearly 17 per cent from Rs 873 recorded on 25 January.

The earnings beat was led by better-than-expected revenue. The top-line numbers were ahead of expectation, although investors should watch the near-term trade headwinds.

(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.)