Indian market opened half a per cent higher on Wednesday amid mixed global cues. The market is likely to witness 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:

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HDFC Ltd: Buy| Target Rs 3081

Goldman Sachs upgraded HDFC Ltd to buy from neutral and also raised the target to Rs 3081 from Rs 2907 earlier translates into an upside of nearly 26 per cent from Rs 2454 recorded on 22 February.

Axis Bank: Neutral| Target Rs 770

JPMorgan maintained a neutral rating on Axis Bank with a target price of Rs 770. Margins have room for upside, and the growth is turning broad based.
 
The bank expects improvement in NIMs and loan growth going forward, said the note. 9-month core PPOP growth has lagged peers and hence neutral rating.

BPCL: Buy| Target Rs 650

UBS maintained a neutral rating on BPCL with a target of Rs 650 which translates into an upside of over 80 per cent from Rs 355 recorded on 22 February.

The company is gearing up for India’s energy transition. The focus on Enhancing petrochemical integration is key positive. The company has ambitious plans for non-fuel retailing.

Bandhan Bank: Outperform| Target Rs 360

Credit Suisse maintained an outperform rating on Bandhan Bank with a target price of Rs 360 that translates into an upside of nearly 70 per cent from Rs 308 recorded on 22 February.

MFI recovery continues and the overall growth is trending up which is a key positive. Along with MFI segment, Bandhan has seen a pick-up in growth in non-MFI loans as well, with housing (+7% QoQ) in 3Q after several quarters of muted growth.

While restructuring is high, given improving collection & strong provisioning buffers (4% of loans), credit costs will moderate. The global investment bank expects ROEs to improve to 25% in FY23.

(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.)