Axis Direct Broker Research reports

Asian Markets are trading positive mirroring global counterparts. Nikkei, Hang Seng, and Shanghai all are trading higher by 0.45%, 1.40% and 0.22% respectively.

We maintain our BUY rating and value the companys business to arrive at a target price of Rs 920 share

Asian Markets are trading mixed as China manufacturing contracts gain and Japan's business confidence stands at a 2-year high. Nikkei and Hang Seng both are trading higher by 0.34% and 0.01% respectively whereas Shanghai is trading lower by 0.08%.

Axis Top Picks: HDFC Bank, ICICI Bank, Coal India, Nestle India, State Bank of India, HCL Tech, Lupin ltd, Aurobindo Pharma, Federal Bank, Varun Beverages, TVS Motors, Bharti Airtel, J Kumar Infra, CIE Automotive India, WestlifeFood world, and Cholamandalam Invest and Finance.

Axis Research Scorecard Report for June 2024

Inox Wind with a BUY recommendation and a target price of Rs 185/share, representing a substantial upside potential of 33% from the CMP.

Asian Markets are trading with positive bias as investors assess Japan's encouraging economic data. Nikkei, Hang Seng, and Shanghai all are trading higher by 0.96%, 0.68%, and 0.87% respectively.

Asian Markets are trading with negative bias after Japan's Yen weakened to a near 38-year low. Nikkei, Hang Seng, and Shanghai all are trading lower by 1.10%, 1.53%, and 0.86% respectively.

Asian Markets are trading mixed as investors keep a close eye on Australia's May inflation data and Singapore's May manufacturing output data. Nikkei and Hang Seng both are trading positive by 1.34% and 0.12% respectively whereas Shanghai is trading lower by 0.34%.

Asian markets are trading higher, even as the big-tech stocks of the U.S. sold off in favour of other sectors such as banking and energy. Nikkei, Hang Seng, and Shanghai are trading higher by 0.51%, 0.71%, and 0.06% respectively.