Axis Direct Broker Research reports

We retain our BUY rating on the stock.

Asian markets are trading mixed and cautiously as investors assess the impact of recent U.S. market moves and await regional economic data. The Hang Seng and Nikkei are trading higher by approximately 0.78% and 1.00%, respectively, while the Shanghai Composite is trading slightly lower by about 0.46

Asian markets are trading positively across the board after the Fed rate cut. The Hang Seng is trading higher by 0.90%, while the Nikkei and Shanghai are trading slightly lower by 0.18% and 0.02%, respectively.

Asian markets are trading in the red as investors remain cautious, awaiting signals from the Federal Reserve on interest rate policy. The Hang Seng, Nikkei and Shanghai Composite are trading lower by 0.35%, 0.57%, and 0.63%, respectively.

We recommend a BUY on the stock and value the company at 38x multiple to its FY27E earnings to arrive at a TP of Rs 2,300/share, implying an upside of 18% from the CMP.

Asian markets are trading in the red as investors turn cautious ahead of this week's U.S. Federal Reserve meeting. Concerns are rising that even if the Fed delivers its expected rate cut, the forward guidance may be less dovish. Additionally, weak cues from Wall Street and elevated U.S.

We recommend a BUY on the stock with a target price of Rs 875/share, implying an upside of 10% from the CMP.

Stock Ideas with specific strategies

Asian markets are trading mixed as investors await China's trade data due later in the day. The Hang Seng and Shanghai Composite are trading positively by 0.03% and 0.31%, respectively, while the Nikkei is trading down 0.21%.

We recommend a BUY on the stock with a target price of Rs 3,565/share, implying an upside of ~10% from the CMP.

We retain our BUY rating on the stock with a target price of Rs 850/share, implying an upside potential of 19% from the CMP.

Asian markets are trading lower following a subdued Wall Street session. Nikkei, Hang Seng and the Shanghai Composite are trading down by 1.33%, 0.51% and 0.11%, respectively.

Event Update: RBI Monetary Policy - December 2025

Asian markets are trading mixed after Wall Street gained on the latest jobs data that raised hopes the Federal Reserve could cut interest rates next week. Nikkei is trading up by 1.37%, while Hang Seng and Shanghai Composite are trading down by 0.20% and 0.31%, respectively.

Asian markets are trading mixed after the US markets saw a tech-fueled recovery and a cryptocurrency rally. Nikkei is trading up by 0.77%, while Hang Seng and Shanghai Composite are trading down by 0.71% and 0.14%, respectively.

We prefer TVS Motors, Hero MotoCorp and Bajaj Auto in 2Ws (Eicher seems fully valued at CMP); M&M (non-coverage) as a play in the PV/LCV/tractor segment, followed by Maruti in PVs. We also like Ashok Leyland in the CV space, followed by a close watch on Eicher (VECV) for any market share gains.

Asian markets are trading mixed as China's private PMI unexpectedly contracted and U.S. rate-cut bets climbed. Nikkei is trading up by 0.54%, Hang Seng is trading up by 0.76% while Shanghai Composite is trading down by 0.25%.

Stock Ideas with specific strategies

Axis Intellect (AI) Score based Top Ideas

Asian markets are trading mixed as traders await fresh manufacturing data from China and rising expectations of a U.S. Federal Reserve rate cut this month. Nikkei is trading down by 1.5%, Hang Seng is trading up by 1.1% and Shanghai Composite is trading up by 0.3%.