Research Reports published by AXIS DIRECT

World Economy and Markets    
TREND | 14 Jun 2021, 12:00AM
Axis Direct
Asian Markets: Asian markets are trading mixed while investors await Japan's industrial production data for April. Nikkei is trading higher by 0.56%, while Shanghai and Hang Seng are shut for trading due to holiday.
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Axis Direct released a Daily Note report for World Economy and Markets on 14 Jun, 2021.
Federal Bank Ltd.    
14 Jun 2021, 12:00AM
85.30
-0.87%
buy
Axis Direct
We recommend BUY with TP of Rs. 100/share.
Federal Bank Ltd. is trading above all available SMAs
World Economy and Markets    
TREND | 11 Jun 2021
Axis Direct
Asian markets are trading mixed while investors take note of US inflation data. Nikkei is trading lower by 0.09%, Shanghai is trading lower by 0.24% while Hang Seng is trading higher by 0.30%.
Axis Direct released a Daily Note report for World Economy and Markets on 14 Jun, 2021.
CreditAccess Grameen Ltd.    
11 Jun 2021
716.85
-0.80%
Axis Direct
We maintain a BUY rating on the stock with a revised target price of Rs 810/share, implying an upside of 12% from CMP.
CreditAccess Grameen.. has an average target of 792.50 from 6 brokers.
Star Cement Ltd.    
11 Jun 2021
110.85
-1.86%
buy
Axis Direct
We retain our BUY rating on the stock and value the company at 8x of its FY23E EV/EBITDA to arrive at a target price of Rs 125/share, implying an upside of 14% from CMP.
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Star Cement Ltd. has gained 26.11% in the last 1 Year
Market Movement    
TREND | 11 Jun 2021
Axis Direct
Axis Securities Research Scorecard
Axis Direct released a Buy report for Market Movement on 14 Jun, 2021.
Bata India Ltd.    
10 Jun 2021
1641.25
0.50%
buy
Axis Direct
We trim our FY22/23E estimates given subdued discretionary demand due to extended lockdown in Q1FY22 and continue to maintain HOLD rating with a revised TP of Rs. 1500/share (Rs. 1600 earlier) we roll forward our target PE multiple of 45x to its FY23E EPS.
Edelweiss increased Buy price target of Bata India Ltd. to 1759.0 on 10 Jun, 2021.
World Economy and Markets    
TREND | 10 Jun 2021
Axis Direct
Asian markets are trading higher despite weak cues from Wall Street overnight while investors focus on the release of US inflation data in the day ahead. Nikkei is trading higher by 0.42%, Hang Seng is trading higher by 0.59% while Shanghai is trading higher by 0.61%.
Axis Direct released a Daily Note report for World Economy and Markets on 14 Jun, 2021.
685.00
0.45%
Axis Direct
We revise our rating to BUY (from HOLD earlier) with a revised TP of Rs 790/share as we value it at PE of 45x on its FY24E
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Safari Industries (India) Ltd. has gained 86.93% in the last 1 Year
Polycab India Ltd.    
09 Jun 2021
1815.90
-0.39%
buy
Axis Direct
We have increased FY22E/FY23E revenue estimates by 3.8%/7.8% respectively. We value Polycab at 25x FY23E EPS of Rs 76 to arrive at a target price of Rs 1900/share, implying an upside of 10% from CMP.
Number of FII/FPI investors increased from 145 to 168 in Mar 2021 qtr.