Automotive Axles News and Updates

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

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

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Automotive Axles Ltd.

23 Feb 2022

1821.10

-2.54%

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 has gained 14.18% in the last 1 Week

Automotive Axles Ltd.

15 Nov 2021

1821.10

-2.54%

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. has an average target of 1950.00 from 1 broker.

Automotive Axles Ltd.

23 Aug 2021

1821.10

-2.54%

Result Update:Automotive Axles

Buy: Automotive Axles Ltd.

Target

Axis Direct

We retain a BUY and our multiple to 15x FY23E to arrive at a target price of Rs 1,440/share (15% upside) on the back of the CV recovery cycle, new products, and cost rationalisation.

Automotive Axles Ltd. high volume past week with price gain of 14.18.

Automotive Axles Ltd.

24 May 2021

1821.10

-2.54%

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 1950.00 from 1 broker.

Automotive Axles Ltd.

06 May 2021

1821.10

-2.54%

Automotive Axles

Buy: Automotive Axles Ltd.

ICICI Securities Limited

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

Automotive Axles Ltd.

11 Feb 2021

1821.10

-2.54%

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 has gained 14.18% in the last 1 Week

Automotive Axles Ltd.

10 Nov 2020

1821.10

-2.54%

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 1950.00 from 1 broker.

Automotive Axles Ltd.

17 Sep 2020

1821.10

-2.54%

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 1950.00 from 1 broker.

Automotive Axles Ltd.

16 Sep 2020

1821.10

-2.54%

Gladiator Stocks - Automotive Axles: ICICI Direct

Moneycontrol

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

Automotive Axles Ltd.

19 Aug 2020

1821.10

-2.54%

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. high volume past week with price gain of 14.18.

Is Automotive Axles Ltd. worth buying?

60 Votes:

Buy 73.33%

Sell 15.0%

Hold 11.67%

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