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 the 17,800 level on Thursday.

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

Escorts:

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

Kubota joins the driver’s seat, which has expanded a range of possibilities for the company.

“While Kubota already had a collaboration, the deal would align incentives, making it a more formidable player with broader product, deeper distribution and taking full advantage of export opportunities,” the memo reads.

Coal India:

Goldman Sachs downgraded Coal India to sell from neutral and reduced 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 fossil fuel use, heavy capital requirements and the likelihood of profitability depletion will weigh on stocks in the near term, the note said. Strong capital investment requirements likely depleting profitability to weigh on equities.

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 oil products.

Tailwinds from politics, commodities and refining margin support outperformance. The stock is priced at $55/bbl Brent and has no increase in domestic gas prices.

(Disclaimer: Opinions/suggestions/advice expressed here in this article are investment experts only. Zee Business suggests its readers consult their investment advisors before making any financial decisions.)