Indian market edged higher by around 0.25% as Nifty opened above 17,300, while the Sensex added nearly 200 points amid positive global cues on Monday. 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:

Vedanta: Outperform| Target Rs 400

CLSA maintained outperform rating on Vedanta with a target price of Rs 400 that translates into an upside of nearly 6 per cent from Rs 378 recorded on 17 March.
 

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The management sounded confident in reducing debt at parent Vedanta Resources (VRL) by US$4bn over the next 3 years largely through dividend inflows.  

It denied any further inter-company loans. Additionally, ambitious capacity expansion and cost reduction plans across segments were announced in the management meet.
 
Given its exposure to various commodities, Vedanta could be a key beneficiary of a commodity upcycle, said the note.

Sobha: Overweight| Target Rs 1095

Morgan Stanley maintained an overweight rating on Sobha with a target price of Rs 1095 which translates into an upside of over 48 per cent from Rs 736 recorded on 17 March.

The global investment bank expects the company to benefit from the ongoing residential upcycle given its large inventory of ongoing projects and new launch pipeline.

Price increases and new project acquisitions should help grow NAVs. Its balance sheet has stabilized from net debt reduction over the past few quarters.

Piramal Enterprises: Buy| Target Rs 3180

Citigroup maintained a buy rating on Piramal Enterprises with a target price of Rs 3180 which translates into an upside of over 39 per cent from Rs 2286 recorded on 17 March.

Q4 results, retail ramp-up, and de-merger likely to be positive. Currently, the stock price implies a 0.52x Mar-23E P/B valuation for financials.
 
Housing demand should not have any direct linkage to geopolitical events, said the note.

(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.)