Axis Direct Broker Research reports

We prefer TVS Motors and Hero Motocorp in 2Ws; M&M (non-coverage) as a play in the PV/LCV/tractor segment, followed by Maruti in PVs. We also keep a close watch on Ashok Leyland and Eicher (VECV) in the CV space for potential volume growth.

We recommend a BUY on the stock with a potential upside of 10% from the CMP.

We maintain our BUY rating on the stock

Asian markets traded lower following a sell-off on Wall Street after U.S. President Donald Trump reaffirmed that tariffs on Mexico and Canada would proceed as planned. The Nikkei, Hang Seng, and Shanghai indices declined by 2.15%, 1.21%, and 0.16%, respectively.

We maintain our BUY rating on the stock.

Asian markets advanced as investors reacted positively to stronger-than-expected Chinese PMI data while awaiting further clarity on U.S. President Donald Trump's tariff plans. The Nikkei, Hang Seng, and Shanghai indices gained 1.11%, 1.44%, and 0.48%, respectively.

Based on the above themes, we recommend the following stocks: HDFC Bank, ICICI Bank, Dalmia Bharat, State Bank of India, HCL Tech, Lupin, Trent Ltd, Hero Motocorp, Max Healthcare, Indian Hotels, Healthcare Global, Varun Beverages, Bharti Airtel, Prestige Estates, Cholamandalam Invest and Finance

We recommend a BUY rating on the stock with a target price of Rs 622/share, implying an upside of 10% from the CMP.

Top Conviction Ideas (Auto and Auto Ancillaries) - Hero Motocorp Ltd, Ashok Leyland, Uno Minda, Sansera Engineering

We maintain our BUY recommendation on the stock.