Research Reports published by AXIS DIRECT

1226.80
-2.82%
Axis Direct
the company has a strong RoCE ~32% and zero net-debt due to its strong operating cash flow generation. Therefore, we recommend BUY with a TP of Rs 1,450.
Promoters pledged 0.88% of shares in last quarter. Total pledge stands at 15.74% of promoter holdings
Manappuram Finance Ltd.    
16 Aug 2022, 12:00AM
106.55
-3.53%
Axis Direct
We recommend a BUY rating on the stock with a target price of Rs 122/share, implying an upside of 10% from the CMP.
Manappuram Finance L.. has an average target of 139.12 from 8 brokers.
KNR Constructions Ltd.    
16 Aug 2022, 12:00AM
260.75
0.23%
Axis Direct
We maintain a BUY rating on the KNRCL and value the company at 17x FY24E EPS and HAM projects at 1.2 x book value to arrive at a target price of Rs340 /share, implying an upside of 31% from the CMP.
KNR Constructions Ltd. is trading above it's 100 day SMA of 254.8
Endurance Technologies Ltd.    
16 Aug 2022, 12:00AM
1466.35
2.63%
Axis Direct
We maintain our BUY rating on the stock and value it at 27x FY24E P/E to arrive at a target price of Rs 1,660/share (Rs 1,580/share earlier), implying an upside of 17% from the CMP.
Endurance Technologi.. has an average target of 1588.75 from 8 brokers.
World Economy and Markets    
TREND | 16 Aug 2022, 12:00AM
Axis Direct
Asian markets are trading higher tracking positive cues from Wall Street overnight while investors take note of Chinese economic data. Nikkei is trading flattish, Hang Seng is trading higher by 0.58% and Shanghai is trading higher by 0.60%.
Axis Direct released a Daily Note report for World Economy and Markets on 16 Aug, 2022.
Hero MotoCorp Ltd.    
16 Aug 2022, 12:00AM
2817.00
2.00%
buy
Axis Direct
We maintain our BUY rating on the stock on the back of reasonable valuations and revise our TP to Rs 3,060/share (Rs 3,000 earlier). We value the stock at 15x FY24E EPS, implying an 11% upside from the CMP.
Hero MotoCorp Ltd. has an average target of 3040.92 from 13 brokers.
Eicher Motors Ltd.    
16 Aug 2022, 12:00AM
3338.05
3.98%
buy
Axis Direct
we maintain our BUY rating on the stock and value it at 27x FY24E P/E to arrive at a target price of Rs 1,660/share (Rs 1,580/share earlier), implying an upside of 17% from the CMP.
Eicher Motors Ltd. has gained 27.51% in the last 3 Months
Aurobindo Pharma Ltd.    
16 Aug 2022, 12:00AM
584.00
-1.59%
Axis Direct
We recommend a HOLD rating on the stock with a Target Price of Rs 630/share. The management has indicated to demerge the injectible business to unlock the shareholders' value.
Aurobindo Pharma Ltd. is trading above it's 100 day SMA of 582.4
Axis Direct
We recommend BUY with a target price of Rs 330.
Healthcare Global En.. has an average target of 327.00 from 5 brokers.
World Economy and Markets    
TREND | 12 Aug 2022
Axis Direct
Asian markets are trading mixed as Japanese stocks gained after returning to trade post holiday. Nikkei is trading higher by 2.37%, Hang Seng is trading higher by 0.08% and Shanghai is trading lower 0.09%.
Axis Direct released a Daily Note report for World Economy and Markets on 16 Aug, 2022.