Axis Direct Broker Research reports

Asian markets are trading mixed, after a rally on Wall Street drove stocks and bonds higher, supported by easing U.S. producer prices that strengthened expectations of a Fed rate cut next week. Nikkei is trading higher by 0.66%, while Hang Seng and Shanghai are trading lower by 1.17% and 0.38%

Asian Markets are trading higher ahead of key August inflation data from China. The Nikkei, Hang Seng, and Shanghai are trading positively by 0.25%, 0.54%, and 0.13%, respectively.

We believe at 1.2x FY27E ABV, the risk-reward is favourable and impeccable execution of the strategy should drive stock performance. We recommend a BUY on the stock with a target price of Rs 53/share, implying an upside of 20% from the CMP.

We recommend a BUY on Happiest Minds Technologies Ltd. with a Target Price of Rs 690/share, offering an upside potential of 23% from the current market price.

Asian markets are trading mostly higher, mirroring Wall Street's positive close. Japan's Nikkei hit a record high, extending gains for the second consecutive session after the country's Prime Minister Shigeru Ishiba announced his resignation. Nikkei and Hang Seng are trading higher by 0.46% an..

Asian markets are trading higher, as investors reacted to Japan Prime Minister Shigeru Ishiba's resignation announcement over the weekend, and awaited key regional data, including China's August trade numbers. Nikkei, Hang Seng, and Shanghai are trading higher by 1.82%, 0.41%, and 0.42%.

We recommend a BUY rating on the stock with a TP of Rs 250/share, implying an upside of 10% from the CMP.

Arrive at a revised TP of Rs 5,960/share (earlier from Rs 5,900/share). Hence, we maintain a BUY rating on the stock, with an 11% upside from the CMP.

Arriving at a revised TP of Rs 3,810 (Earlier: Rs 3,085), implying an upside of 11% from the CMP. We hence maintain our BUY rating on the stock.

Upgrading the stock HOLD to BUY and arriving at a TP of Rs 16,425 per share (Earlier: Rs 12,635/share), implying an upside of 12% from CMP.

Asian Markets are trading mostly higher after U.S. President Donald Trump signed an executive order on Thursday, formalising a lower Japanese auto import tariff of 15%, down from 27.5%. Nikkei and Hang Seng are up 0.78% and 0.29%, respectively, while the Shanghai Composite is trading down by 0.37%. ..

Upgrade Britannia from HOLD to BUY with a revised TP at Rs. 6,750/share

Upgrade Dabur from HOLD to BUY with a revised TP at Rs. 630/share.

Maintain BUY ratings on with a revised TP at Rs 2,780.

Maintain BUY ratings on Nestle India with a revised TP 1,340

Maintain BUY ratings on DOMS with a revised TP 3,110 per share

Asian Markets are trading mostly higher, following a tech rally overnight on Wall Street that lifted the S&P 500 and the Nasdaq Composite, even as growing concerns about the economy weighed on equities. The Nikkei and Hang Seng are trading up by 1.06% and 0.48%, respectively

We value the stock at 9x FY27E EV/EBITDA, arriving at a Target Price of Rs 1,560/share, implying an upside potential of 20% from the CMP.

Event Update: GST Reform 2.0

We initiate coverage on Mahanagar Gas Limited (MGL) with a BUY recommendation and a target price of Rs 1,540/share, implying a potential upside of 20% from the current market price (CMP)