Indian market is likely to consolidate on Tuesday 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:

Bandhan Bank: Buy| Target Rs 320

CLSA upgraded Bandhan Bank to buy with a target price of Rs 320, which translates into an upside of over 20 per cent from Rs 265 recorded on 14 March.
 

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Tough 3-4 years are now behind Bandhan Bank and it is now better placed cyclically, said the note. Recent performance indicates a turning point as collections seems to be improving to 86% for its MFI portfolio in 3Q.
 
The latest guidelines favourable with increase in income limit and no interest rate cap, added the note.

Tech Mahindra: Buy| Target Rs 2220

Nomura maintained a buy rating on Tech Mahindra with a target price of Rs 2220, which translates into an upside of over 47 per cent return from Rs 1503 recorded on 14 March.

The demand environment remains strong. Attrition remains key headwinds & higher-than-usual salary hikes persist. Higher pricing to be a key lever.  

 

M&A remains to be a key growth driver and will slow down in the near term.

SBI: Outperform| Target Rs 600

Credit Suisse slashed bank earnings by 4-9% on account of lower growth & treasury hit. The global investment bank slashed earnings of select NBFCs by 7-12% on lower growth, higher funding cost and credit costs.

HDFC Bank: Outperform| Target Rs 1840

Credit Suisse maintained an outperform rating but slashed its target price to Rs 1840 from Rs 1950 earlier. The target price cut still translates into an upside of over 27 per cent return from Rs 1443 recorded on 14 March.

SBI: Outperform| Target Rs 600

Credit Suisse maintained an outperform rating but slashed its target price to Rs 600 from Rs 640 earlier. The target price cut still translates into an upside of over 23 per cent return from Rs 485 recorded on 14 March.

(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.)