Axis Direct Broker Research reports

Asian markets fell sharply in early trade today, with Japanese and South Korean equities leading the declines. Hang Seng, Nikkei, and Shanghai dropped 1.1%, 2.7%, and 1.77%, respectively.

Asian markets were trading sharply lower this morning, with broad-based selling across the region. Hang Seng, Nikkei, and Shanghai declined 1.29%, 0.93, and 0.37%, respectively.

We reiterate our BUY rating on LG Electronics India Ltd. with a Target Price of Rs 1,965/share, based on 47x FY28E EPS, implying an attractive 19% upside potential from the CMP.

Asian markets were trading mixed this morning. Hang Seng was down 0.15%, while Nikkei and Shanghai gained 0.47% and 0.18%, respectively.

Asian markets were trading mixed this morning. Hang Seng was down 0.59%, while Shanghai and Nikkei gained 0.19% and 0.20%, respectively.

Stock Ideas with specific strategies

We maintain our BUY recommendation on the stock with an unchanged target price of Rs 1,840/share, implying an upside potential of 14% from the CMP.

Asian markets were trading mixed this morning. Nikkei was up 2.28%, while Shanghai and Hang Seng fell 0.05% and 0.8%, respectively.

We Initiate Coverage on Pricol Ltd. with a BUY recommendation and a target price of Rs 935/share, implying ~22% upside from the CMP.

We recommend a BUY with a target price of Rs 1,275/share, implying an upside of 10% from the CMP

We recommend a BUY with a Target price of Rs 363/share, implying ~10% upside.

Asian markets were mostly higher, following the strong rally on Wall Street. Nikkei, Shanghai, and Hang Seng gained 0.66%, 0.84%, and 2.2%, respectively.

Asian markets traded higher this morning. Nikkei, Shanghai, and Hang Seng gained 0.05%, 0.58%, and 0.52%, respectively.

Sector Update - FCNR (B) Deposit Mobilisation Update

We prefer Bajaj Auto and TVS Motors in 2W, and M&M (non-coverage) as a play in the PV/LCV/Tractor segment. We also like Ashok Leyland and Tata Motors (non-coverage) in the CV space, followed by a close watch on Eicher (VECV) for any market share gains.

Monthly Quant Report September 2026

We value the company on Jun'27E EPS by valuing a 1-year forward P/E target of 22x to arrive at a TP of Rs 415/share, implying an upside of 14% from the CMP.

We maintain our BUY recommendation on the stock with an unchanged target price of Rs 86/share (valuing the stock at 1.8x FY28E ABV), implying an upside of 32% from the CMP. Currently, we keep our earnings estimates unchanged.

We value Astral at 51x FY28E EPS and retain our target price of Rs 1,750/share, implying approximately 16% upside.

Asian markets traded in the negative territory this morning. Nikkei, Shanghai, and Hang Seng lost 2.88%, 0.96%, and 0.96%, respectively.