Automotive Axles Ltd. News and Updates

Name: Latest research reports of Automotive Axles Ltd. authored by Axis Direct and published by - Trendlyne research reports.
Item: Automotive Axles Ltd.
Rating: 5
Author: Axis Direct

Keep track of all breaking news on Automotive Axles Ltd. from all sources in a single place.

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Automotive Axles Ltd.

29 May 2024

1647.00

1.36%

Result Update:Automotive Axles

Buy: Automotive Axles Ltd.

Target

Axis Direct

Being a proxy play to the CV industry, at CMP we find limited downside risk to AutoAxles. Hence, we upgrade the stock to BUY from SELL earlier with an 11% upside potential.

Automotive Axles Ltd. is trading below its 50 day SMA of 1667.5

Automotive Axles Ltd.

11 May 2024

1647.00

1.36%

Pick of the Week:13 MAY 2024

Buy: Automotive Axles Ltd.

Recommendation Target

Axis Direct

We recommend a BUY rating on the stock with a target price of Rs 2,050/share, implying an upside of 10% from the CMP.

Automotive Axles Ltd. is trading below its 50 day SMA of 1667.5

Automotive Axles Ltd.

02 May 2024

1647.00

1.36%

Investment Idea

Accumulate: Automotive Axles Ltd.

Asit C Mehta Investment Interrmediates

AAL is currently the largest independent manufacturer of rear drive axle assemblies for CVs (primarily M&HCVs) in India. AAL has continuous focus on working capital
improvement and inventory optimization and continuous focus on revenue
improvement, new product development, operational excellence & cost optimization as part of Industry 4.0 Strategy.

Automotive Axles Ltd. has an average target of 2440.50 from 2 brokers.

Automotive Axles Ltd.

12 Feb 2024

1647.00

1.36%

Automotive Axles Q3 Results Review - Overall Miss; Outlook Likely To Be Muted: Axis Securities

NDTV Profit

Medium and heavy commercial vehicle production volume up 9% YoY in nine months FY24.

Automotive Axles Ltd. is trading above its 30 day SMA of 1631.1

Automotive Axles Ltd.

06 Feb 2024

1647.00

1.36%

Result Update:Automotive Axles

Sell: Automotive Axles Ltd.

Recommendation Target

Axis Direct

We expected muted domestic MHCV industry growth in FY25 and AutoAxles being a proxy to the industry we factor in limited upside potential from current levels. Hence, we downgrade the stock from HOLD to SELL (previously BUY to HOLD in Q2FY24 report).

Automotive Axles Ltd. is trading below its 50 day SMA of 1667.5

Automotive Axles Ltd.

13 Nov 2023

1647.00

1.36%

Result Update:Automotive Axles

Hold: Automotive Axles Ltd.

Recommendation

Axis Direct

Post the recent run-up in prices, the valuation appears full. As a result, with limited upside potential from current levels, we downgrade the stock from BUY to HOLD.

Automotive Axles Ltd. is trading above its 30 day SMA of 1631.1

Automotive Axles Ltd.

23 Sep 2023

1647.00

1.36%

Pick of the Week:25 SEP 2023

Buy: Automotive Axles Ltd.

Target

Axis Direct

We maintain our BUY rating on the stock with the TP at Rs 2,400/share.

Automotive Axles Ltd. is trading above its 30 day SMA of 1631.1

Automotive Axles Ltd.

07 Aug 2023

1647.00

1.36%

Result Update:Automotive Axles

Buy: Automotive Axles Ltd.

Recommendation Target

Axis Direct

Recommendation: Post recent correction, the valuation looks attractive. As a result, we upgrade our rating from HOLD to BUY

Automotive Axles Ltd.'s price crossed above 30Day SMA today

Automotive Axles Ltd.

19 May 2023

1647.00

1.36%

Result Update:Automotive Axles

Hold: Automotive Axles Ltd.

Target

Axis Direct

Recommendation: We maintain our HOLD rating on the stock.

Automotive Axles Ltd.'s price crossed above 30Day SMA today

Automotive Axles Ltd.

07 Feb 2023

1647.00

1.36%

Result Update:Automotive Axles

Hold: Automotive Axles Ltd.

Target

Axis Direct

After the recent run-up to current levels post strong Q3 results, the stock looks fairly valued and we need to await a better entry point; hence downgrade our rating from BUY to HOLD. Given the strong CV Cycle we value the stock at 19x (earlier 18x) it's FY25 EPS (roll forward from Sept'24 EPS). O..

Automotive Axles Ltd. is trading below its 50 day SMA of 1667.5

Is Automotive Axles Ltd. worth buying?

57 Votes:

Buy 71.93%

Sell 15.79%

Hold 12.28%

RESEARCH REPORTS

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