The Indian markets fell by about 2 per cent for the week ended November 18. The S&P BSE Sensex closed below 60,000, while the Nifty50 breached 17800 levels, on Thursday.

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

Escorts:

Credit Suisse maintained its neutral rating on Escorts but raised its 12-month target price to Rs 1710 from Rs 1560 earlier.

Kubota joins in the driver's seat, which has widened a range of possibilities for the company.
 
“While Kubota already had collaboration, the deal would align incentives, making it a more formidable player with a wider product, deeper distribution and fully leveraging exports opportunity,” said the note.

Coal India:

Goldman Sachs downgraded Coal India to sell from neutral and slashed its target price to Rs 140 from Rs 165 earlier.

The global investment bank expects structural challenges to shift towards renewables-based power generation.

ESG concerns around the use of fossil fuels, heavy Capex requirements, and likely to depleting profitability, to weigh on shares in the near-term, said the note. Heavy Capex requirement likely depleting profitability to weigh on shares.

Morgan Stanley:  

Morgan Stanley maintained its overweight rating on ONGC with a target price of Rs 235. ONGC and Saudi are in a memorandum of understanding (MoU) for long-term supply contracts for crude, petro products.
 
Tailwinds of policy, commodity, refining margin supporting outperformance. The stock is priced at $55/bbl Brent and has no rise in the domestic gas prices.

(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.)