Axis Direct Broker Research reports

Asian markets traded mixed as China's manufacturing growth fell short of expectations. The Nikkei and Shanghai indices declined by 0.96% and 1.63%, respectively, while Hang Seng managed a marginal gain of 0.09%.

Based on the above themes, we recommend the following stocks: HDFC Bank, ICICI Bank, Dalmia Bharat, State Bank of India, HCL Tech, Lupin, Aurobindo Pharma, Healthcare Global, Varun Beverages, Gravita India, Bharti Airtel, Chalet Hotel, J Kumar Infra, Prestige Estates, Sansera Engineering, and Chola

Asian markets traded mixed as China's manufacturing growth missed expectations. The Nikkei traded lower by 0.96%, whereas Shanghai and Hang Seng traded higher by 0.01% and 0.24%, respectively.

Asian markets traded mixed on the penultimate trading day of 2024, reflecting cautious sentiment following Wall Street's decline on Friday. The Nikkei dropped 0.58%, while Shanghai and Hang Seng edged higher by 0.28% and 0.11%, respectively.

Valuation: As the stock is not under our coverage, we do not offer a valuation.

We recommend a BUY rating on the stock with a target price of Rs 280/share, implying an upside of 10% from the CMP

Asian Markets: Most markets are trading in the green, supported by optimism around regional developments. Nikkei is up 0.47%, while Shanghai is slightly down by 0.18%. The Hang Seng market is closed for the Boxing Day holiday.

Asian Markets are trading mixed after Wall Street gains on tech strength. Hang Seng and Shanghai are both trading positive by 0.88% and 0.57%, respectively, whereas Nikkei is trading negative by 0.28%.

Asian markets are trading in positive territory, supported by cooler-than-expected inflation data that lifted US markets. Additionally, investors are closely monitoring the potential Nissan-Honda merger. The Nikkei, Hang Seng, and Shanghai indices are up by 0.92%, 0.38%, and 0.14%, respectively.

We recommend a BUY rating on the stock with a near-term TP of Rs 4,180/share, implying an upside of 10% from the CMP.