Axis Direct Broker Research reports

Upgrading the stock HOLD to BUY and arriving at a TP of Rs 16,425 per share (Earlier: Rs 12,635/share), implying an upside of 12% from CMP.

Asian Markets are trading mostly higher after U.S. President Donald Trump signed an executive order on Thursday, formalising a lower Japanese auto import tariff of 15%, down from 27.5%. Nikkei and Hang Seng are up 0.78% and 0.29%, respectively, while the Shanghai Composite is trading down by 0.37%. ..

Upgrade Britannia from HOLD to BUY with a revised TP at Rs. 6,750/share

Upgrade Dabur from HOLD to BUY with a revised TP at Rs. 630/share.

Maintain BUY ratings on with a revised TP at Rs 2,780.

Maintain BUY ratings on Nestle India with a revised TP 1,340

Maintain BUY ratings on DOMS with a revised TP 3,110 per share

Asian Markets are trading mostly higher, following a tech rally overnight on Wall Street that lifted the S&P 500 and the Nasdaq Composite, even as growing concerns about the economy weighed on equities. The Nikkei and Hang Seng are trading up by 1.06% and 0.48%, respectively

We value the stock at 9x FY27E EV/EBITDA, arriving at a Target Price of Rs 1,560/share, implying an upside potential of 20% from the CMP.

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