Axis Direct Broker Research reports

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.

Asian markets are trading lower, mirroring Wall Street's decline after fresh tariff threats from U.S. President Donald Trump. Nikkei, Hang Seng, and Shanghai are down by 2.96%, 1.65%, and 0.58%, respectively.

Top Conviction Ideas - Consolidated Q3FY25

Asian markets are trading mixed, mirroring Wall Street's performance after U.S. consumer confidence data came in weaker than expected. The Nikkei is marginally higher by 0.04%, while the Hang Seng and Shanghai Composite are down 0.26% and 0.29%, respectively.

Asian markets are trading lower, tracking Wall Street's decline as renewed tariff concerns under the Trump administration fuel a risk-off sentiment. Investors are also assessing the Bank of Korea's rate decision. The Nikkei, Hang Seng, and Shanghai Composite are down 0.95%, 1.86%, and 0.53%.