Axis Direct Broker Research reports

We maintain our BUY rating on the stock.

We attended the Analyst Meet hosted by Federal Bank to chalk out the strategy and growth roadmap for the bank under the new management, spearheaded by Mr KVS Manian, along with insights from other senior management team members of the bank.

Asian markets are trading mixed, reflecting Wall Street's subdued session following lacklustre U.S. economic data that signalled a slowing economy and persistent inflation. Hang Seng is trading higher by 0.46%, while Shanghai Composite is marginally lower by 0.04%. Japanese markets remain closed.

We recommend a BUY rating on the stock with a target price of Rs 360/share, implying an upside of 10% from the CMP

Asian Markets are trading mixed as investors assess Japan's inflation data, while the threat of U.S. President Donald Trump's tariffs dents investor sentiment. The Nikkei is trading lower by 0.05%, the Shanghai Composite is trading lower by 0.62%, and the Hang Seng is trading higher by 2.38%.

We recommend a BUY rating on the stock with a TP of Rs 213/share, implying an upside of 10% from the CMP.

Top Conviction Ideas (Retail) - Trent, Ethos.

Top Conviction Ideas (FMCG) - Varun Beverages, DOMS Industries

Top Conviction Ideas (Infra-Road & Others) - HG Infra Engineering Ltd, Kalpataru Projects International Ltd, J Kumar Infraprojects Ltd.

Asian markets are trading lower as investors react to U.S. President Donald Trump's proposed 25% tariffs on auto, semiconductor, and pharmaceutical imports. The Nikkei is down 1.39%, the Hang Seng has declined 1.78%, and the Shanghai Composite is lower by 0.20%.