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.

24 May 2021

1806.50

-0.34%

Result Update:Automotive Axles

Buy: Automotive Axles Ltd.

Target

Axis Direct

We retain a BUY and raise our multiple to 15x FY23E to arrive at a target price of Rs 1,470/share (11% upside) on the back of the CV recovery cycle, new products and cost rationalisation.

Automotive Axles Ltd. has an average target of 1975.00 from 1 broker.

Automotive Axles Ltd.

06 May 2021

1806.50

-0.34%

Automotive Axles

Buy: Automotive Axles Ltd.

ICICI Securities Limited

Automotive Axles Ltd. has an average target of 1975.00 from 1 broker.

Automotive Axles Ltd.

11 Feb 2021

1806.50

-0.34%

Result Update:Automotive Axles

Buy: Automotive Axles Ltd.

Target

Axis Direct

We retain BUY with target price of Rs 1341 (22% upside) on back of expected recovery in CV segment.

Automotive Axles Ltd. is trading above all available SMAs

Automotive Axles Ltd.

10 Nov 2020

1806.50

-0.34%

Result Update:Automotive Axles

Buy: Automotive Axles Ltd.

Target

Axis Direct

We retain BUY with target price of Rs 842 (16% upside) on back of expected recovery in CV segment. Resurfacing of Covid cases and extended lockdown remains key risk to our assumptions.

Automotive Axles Ltd. has an average target of 1975.00 from 1 broker.

Automotive Axles Ltd.

17 Sep 2020

1806.50

-0.34%

Gladiator Stocks - Automotive Axles: ICICI Direct

Moneycontrol

According to ICICI Direct, The auto ancillary space is witnessing fresh momentum after the downtrend of the last two to three years as most stocks are witnessing a structural turnaround backed by accumulation pattern at the long term support zone, followed by breakout above key resistance area.

Automotive Axles Ltd. has an average target of 1975.00 from 1 broker.

Automotive Axles Ltd.

16 Sep 2020

1806.50

-0.34%

Gladiator Stocks - Automotive Axles: ICICI Direct

Moneycontrol

Automotive Axles Ltd. has an average target of 1975.00 from 1 broker.

Automotive Axles Ltd.

19 Aug 2020

1806.50

-0.34%

Result Update:Automotive Axles

Buy: Automotive Axles Ltd.

Recommendation Target

Axis Direct

Q1FY21 was a washout quarter for Automotive Axles; it reported a loss of Rs 23 cr in Q1FY21 on account of subdued performance of Automobile industry esp. CV as Automotive Axles derives all its revenues from the commercial vehicle segment.

Automotive Axles Ltd. is trading above all available SMAs

Automotive Axles Ltd.

27 Jul 2020

1806.50

-0.34%

Result Update:Automotive Axles

Hold: Automotive Axles Ltd.

Target

Axis Direct

Automotive Axles reported a disappointing and steep decline in Q4FY20 results with revenue declining by 65% YoY to Rs 169 cr on back of steep decline in CV volumes and the last week of March affected by lockdown.

Automotive Axles Ltd. is trading above all available SMAs

Automotive Axles Ltd.

06 May 2020

1806.50

-0.34%

Event Update:Automotive Axles

Hold: Automotive Axles Ltd.

Target

Axis Direct

COVID 19 IMPACT: CV DEMAND LED FALL EXPECTED

Automotive Axles Ltd. has an average target of 1975.00 from 1 broker.

Automotive Axles Ltd.

03 Mar 2020

1806.50

-0.34%

Result Update:Automotive Axles

Hold: Automotive Axles Ltd.

Recommendation Target

Axis Direct

Automotive Axles Ltd. (AAL) reported another quarter of forgettable performance in Q3FY20 with revenues of Rs 165 cr (66% YoY & 18% QoQ) as deep production cuts by OEM due to extremely weak demand in CV industry.

Automotive Axles Ltd. is trading above all available SMAs

Is Automotive Axles Ltd. worth buying?

57 Votes:

Buy 71.93%

Sell 15.79%

Hold 12.28%

RESEARCH REPORTS

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