Automotive Axles Ltd. News and Updates

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

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Automotive Axles Ltd.

28 May 2019

1627.85

1.01%

Automotive Axles Ltd

Automotive Axles Ltd.

Angel Broking

Outlook & Valuation: We believe that AAL is comfortably placed to tap the upcoming opportunity in the industry owing to improving road infra, BS-VI prebuying and foray into new segment coupled with expansion of capacity by 35- 40%. However, medium term scenario looks tough, but long term prospects seem positive. At the CMP of `1,192,

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

Automotive Axles Ltd.

13 Feb 2019

1627.85

1.01%

Auto

Buy: Automotive Axles Ltd.

Angel Broking

In Q3FY2019, on standalone basis, revenue of Automotive Axles Ltd. (AAL) was up 19% yoy at `486cr despite the slowdown in commercial vehicles during the quarter. However, on qoq basis, revenue was lower by 3%. OPM improved by 63bps yoy to 11.45% on account of better utilization, EBIDTA was higher 26% yoy to `56cr as

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

Automotive Axles Ltd.

11 Dec 2018

1627.85

1.01%

Automotive Axles - Axle'rating on CV cycle

Buy: Automotive Axles Ltd.

LKP Securities

and fuel costs the long term demand is intact as BS VI implementation and scrappage policy will trigger a strong and continuous demand for the sector. The company being market leader in axles business is well placed in gaining incremental business from its...

Automotive Axles Ltd. is trading below all available SMAs

Automotive Axles Ltd.

22 Nov 2018

1627.85

1.01%

Initiating Coverage:Automotive Axles

Buy: Automotive Axles Ltd.

Axis Direct

Automotive Axles Ltd., a JV between Kalyani Group and Meritor Inc., is a leading player in the manufacturing of automotive axles for Medium & Heavy Comm. Vehicles (M&HCV;), esp. the rear wheel axles which is an integral and load bearing part of the drive line.

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

Automotive Axles Ltd.

15 Nov 2018

1627.85

1.01%

Initiating Coverage

Buy: Automotive Axles Ltd.

Angel Broking

Outlook & Valuation: We believe AAL is comfortably placed to tap the upcoming opportunity in the industry owing to improving road infra, BS-VI pre-buying and foray into new segment coupled with expansion of capacity by 35-40%. At the CMP of Rs1,250, the stock is available at 12.3x its FY2020E EPS of Rs96. We have assigned a multiple o..

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

Automotive Axles Ltd.

28 Oct 2018

1627.85

1.01%

Automotive Axles: Well-assembled - Buy

Business Line

The sharp correction in stock price presents a good buying opportunity for investors

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

Automotive Axles Ltd.

07 Mar 2018

1627.85

1.01%

For states pageCII-Karnataka office bearers

Business Line

CII-Karnataka office bearers elected N Muthukumar, President and Whole Time Director of Automotive Axles Limited (AAL) has been elected Chairman and Aman Choudh

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

Automotive Axles Ltd.

27 Mar 2017

1627.85

1.01%

Pick of the Week - Automotive Axles Ltd.

Buy: Automotive Axles Ltd.

HDFC Securities

Buy Automotive Axles Ltd. at Rs. 701 and add on declines at Rs. 645-651 for targets Rs. 782, 827.

Automotive Axles Ltd. is trading below all available SMAs

Automotive Axles Ltd.

30 May 2016

1627.85

1.01%

AUTOMOTIVE AXLES LIMITED

Joindre Capital Services

Established in 1981, Automotive Axles Limited (AAL) is a joint venture of Kalyani Group and Meritor Inc., USA. With manufacturing facilities located at Mysore (Karnataka), the company is currently the largest independent manufacturer of Rear Drive Axle Assemblies in India. AAL has also expanded its footprints in North India with its plants at Pantnagar and Jamshedpur. AAL has two manufacturing facilities at Mysuru, Panthnagar and Jamshedpur...