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: 3
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.

19 May 2023

1765.70

1.99%

Result Update:Automotive Axles

Hold: Automotive Axles Ltd.

Target

Axis Direct

Recommendation: We maintain our HOLD rating on the stock.

Automotive Axles Ltd. is trading above its 200 day SMA of 1740.0

Automotive Axles Ltd.

07 Feb 2023

1765.70

1.99%

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 30 day SMA of 1768.4

Automotive Axles Ltd.

07 Feb 2023

1765.70

1.99%

Automotive Axles

Buy: Automotive Axles Ltd.

Target

ICICI Direct

Automotive Axles Ltd.'s price crossed above 200Day SMA today

Automotive Axles Ltd.

09 Aug 2022

1765.70

1.99%

Automotive Axles

Buy: Automotive Axles Ltd.

Target

ICICI Direct

Automotive Axles Ltd. has an average target of 1950.00 from 1 broker.

Automotive Axles Ltd.

04 Jul 2022

1765.70

1.99%

Automotive Axles surges 8%, hits record high on healthy business outlook

Business Standard

The company is a beneficiary of the current cyclical recovery in the domestic commercial vehicle space, especially the medium & heavy commercial vehicle (M&HCV) domain.

Automotive Axles Ltd.'s price crossed above 200Day SMA today

Automotive Axles Ltd.

23 May 2022

1765.70

1.99%

Result Update:Automotive Axles

Hold: Automotive Axles Ltd.

Recommendation Target

Axis Direct

We revise our rating from HOLD to BUY assigning a multiple of 17x FY24E EPS to arrive at a target price of Rs 1,840/share (Rs 1,600 earlier), implying a potential upside of 12% from the CMP.

Automotive Axles Ltd.'s price crossed above 200Day SMA today

Automotive Axles Ltd.

20 May 2022

1765.70

1.99%

Automotive Axles

Buy: Automotive Axles Ltd.

ICICI Direct

Automotive Axles Ltd. is trading above its 200 day SMA of 1740.0

Automotive Axles Ltd.

23 Feb 2022

1765.70

1.99%

Buy Automotive Axles; target of Rs 1730: ICICI Direct

Moneycontrol

ICICI Direct is bullish on Automotive Axles recommended buy rating on the stock with a target price of Rs 1730 in its research report dated February 23, 2022.

Automotive Axles Ltd. has an average target of 1950.00 from 1 broker.

Automotive Axles Ltd.

23 Feb 2022

1765.70

1.99%

Automotive Axles

Buy: Automotive Axles Ltd.

Target

ICICI Securities Limited

Key Company Update: Automotive Axles is co-promoted by Meritor Inc. (global leader in axles especially for heavy trucks) and the Kalyani group (promoters of Bharat Forge) with each entity owning 35.5% stake in the company. At the parent level, Cummins Inc. has acquired Meritor Inc. valuing Meritor Inc. at US$3.7 billion....

Automotive Axles Ltd.'s price crossed above 200Day SMA today

Automotive Axles Ltd.

15 Nov 2021

1765.70

1.99%

Result Update:Automotive Axles

Buy: Automotive Axles Ltd.

Target

Axis Direct

We retain a BUY rating on the stock assigning a multiple of 17x FY23E EPS to arrive at a target price of Rs 1,550/share (12% upside) on the back of the CV recovery cycle, new products, and cost rationalisation.

Automotive Axles Ltd.'s price crossed above 100Day SMA today

Is Automotive Axles Ltd. worth buying?

59 Votes:

Buy 72.88%

Sell 15.25%

Hold 11.86%

RESEARCH REPORTS

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