Indian markets fell around 2% for the week ended November 18. The S&P BSE Sensex closed below 60,000, while the Nifty50 broke through 17,800 levels on Thursday.
See Zee Business Live TV Streaming below:
We’ve put together a list of recommendations from various global brokerage firms according to a report from Zee Business TV:
Credit Suisse maintained its neutral rating on escorts, but raised its 12-month price target to Rs 1,710 from Rs 1,560 earlier.
Kubota takes the driver’s seat, which has broadened the range of possibilities for the company.
“Although Kubota has already collaborated, the deal would align incentives, making it a more formidable player with a broader product, deeper distribution and taking full advantage of export opportunities,” the note said.
Coal from India:
Goldman Sachs downgraded Coal India’s rating to sell it from neutral and lowered its target price to Rs 140 from Rs 165 earlier.
The global investment bank expects structural challenges to shift to renewable energy-based power generation.
ESG concerns about the use of fossil fuels, strong investment requirements and likely declining profitability, will weigh on equities in the near term, according to the note. Strong demand from Capex probably exhausting profitability to weigh on equities.
Morgan Stanley maintained its overweight position in ONGC with a price target of Rs 235. CGSB and Saudi Arabia have entered into a memorandum of understanding for long-term supply contracts for crude oil and petroleum products.
Favorable winds in politics, commodities and the refining margin supported outperformance. The stock is priced at $ 55 / bbl Brent and has no domestic gas price increase.
(Disclaimer: The views / suggestions / advice expressed here in this article are solely by investment experts. Zee Business suggests that its readers consult their investment advisers before making a financial decision.)