Indian market continued losing streak as the benchmark indices opened lower for the fifth straight session after exit polls were out for 5 states that went into polls recently, and amid rising geopolitical tension. But there will be stock-specific action in which global brokerage came out with their reports on business development, or earnings outlook. 
 
We have collated a list of recommendations from various global brokerage firms according to a Zee Business TV report:

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Hindustan Aeronautics: Buy| Target Rs 1740

CLSA maintained a buy rating on Hindustan Aeronautics with a target price of Rs 1740 which translates into an upside of over 31 per cent from Rs 1325 recorded on 7 March.
 

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HAL has emerged as an integrated producer of aircraft. It has reduced its share of Russian-spares driven business to 7% vs 25% which is a positive sign.

The global investment bank recommends investors to buy HAL as it compounds its EPS at a 15% CAGR over FY21-26cl. The stock is inexpensive at a 13x FY23CL PE.

SBI Cards & Payment Services: Overweight| Target Rs 1225

Morgan Stanley maintained a buy rating on UltraTech Cements with a target price of Rs 1225 which translates into an upside of over 67 per cent from Rs 731 recorded on 7 March.  

Industry spending (+35% YoY) declined by 6.5% MoM amid the impact of the COVID 3 wave. SBI Cards posted a lesser decline of 5.7% MoM (+45% YoY) and gained market share which is a positive sign.
 
With respect to cards in force, the industry added 1.3mn cards on a net basis.

UltraTech Cements: Outperform| Target Rs 7500

Credit Suisse maintained outperform rating on UltraTech Cements but slashed its target price to Rs 7500 from Rs 9250 earlier. The reduced target price still translates into an upside of over 18 per cent from Rs 5698 recorded on 7 March.

Coal price sensitivity is about Rs500/ton for every US$100/ton increase in high calorific value coal.

Crude sensitivity is lower, as about 30% of freight costs depend on diesel prices. At the current spot prices of coal & crude, & market price of cement -- sector is not profitable at EBITA level. 
The global investment bank maintained outperform rating as crisis-driven spike can be short-lived, 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.)