The markets are likely to remain volatile on Tuesday tracking weak global cues, but there will be stock-specific action in which global brokerage firms tweaked their rating.

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Indian markets are below crucial support levels as benchmark indices fell for the second consecutive day in a row on Monday.

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We have collated a list of recommendations from various global brokerage firms according to a Zee Business TV report:

Piramal Enterprises: Buy

Jefferies maintained its buy rating on Piramal Enterprises with a target price of Rs 3050 that translates into an upside of over 11 per cent from Rs 2746 recorded on 13 December.

Shriram's proposed merger will result in Piramal holding 8.4% in Shriram Transport. The deal is slightly positive as Shriram Cap will now be in a listed company.

Axis Bank: Buy

Goldman Sachs upgraded Axis Bank to buy from neutral earlier and also raised its 12-month target price to Rs 920 from Rs 792 earlier that translates into an upside of over 30 per cent from Rs 704 recorded on 13 December.

Axis Bank has been an underperformer so far in the year 2021. Shared of Axis Bank rose over 13 per cent in 2021 compared to 24 per cent upside seen in the Nifty50.

Mahindra and Mahindra (M&M) Financial: Neutral

Goldman Sachs upgraded M&M Financial Services to Neutral from Sell earlier, and also raised the 12-month target price to Rs 180 from Rs 161 earlier that translates into an upside of over 8 per cent from Rs 166 recorded on 13 December.

M&M Financial Services has been an underperformer so far in the year 2021. Shared of M&M Financial Services fell over 5 per cent in 2021 compared to 24 per cent upside seen in the Nifty50.

(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.)