Axis Direct Broker Research reports

Auto OEMs: Maruti Suzuki, Eicher Motors, Bajaj Auto. (M&M - Non-Coverage) Auto Ancillary: Sansera Engineering Ltd, Minda Corporation.

Asian markets are trading lower, tracking weakness on Wall Street amid heightened geopolitical concerns and remarks from the U.S. President. Nikkei, Hang Seng and Shanghai are trading lower by 0.66%, 0.98%, and 0.17%, respectively.

Our Top Earnings Plays in the sector: Skipper Ltd, Genus Power, and Inox Wind.

Our Top Earnings Plays: Lupin, Biocon and Fortis.

Our Top Earnings Plays: APL Apollo Tubes, Hindalco, NALCO, Tata Steel.

Asian markets are trading mixed, as investors assess Australia's inflation data. The Nikkei, Hang Seng and Shanghai are trading lower by 0.40%, 0.59%, and 0.08%, respectively.

We recommend a BUY on the stock with a target price of Rs 4,140/share, implying an upside of 10% from the CMP.

The key result plays are as follows: Positive Result Plays: ICICI Bank, Kotak Mahindra Bank, SBI, AU SFB, Ujjivan SFB, Shriram Finance, SBI Life. Negative Result Plays: Manappuram.

Asian markets are trading higher, extending the global market rally as investors largely overlooked ongoing geopolitical risks. The Nikkei, Hang Seng and Shanghai are trading higher by 0.82%, 0.64%, and 0.22%, respectively.

We revise our rating to HOLD on the stock with an upside potential of 8% from the CMP.

Q3FY26 Earnings Preview - CEMENT

Asian markets are trading higher, following reports that the U.S. conducted an operation in Venezuela over the weekend, resulting in the capture of President Nicolas Maduro. Nikkei, Hang Seng and Shanghai are trading higher by 2.86%, 0.07%, and 0.48%, respectively.

Axis Intellect (AI) Score based Top Ideas

Stock Ideas with specific strategies

We recommend a BUY with a target price of Rs 1,417, implying an upside of ~10% from the CMP.

We prefer TVS Motors in 2Ws (Eicher seems fully valued at CMP); M&M (non-coverage) as a play in the PV/LCV/tractor segment, followed by Maruti in PVs. We also like Ashok Leyland in the CV space, followed by a close watch on Eicher (VECV) for any market share gains.

Asian markets are trading slightly higher. The Shanghai Composite and Hang Seng are trading up by 0.09% and 1.38% respectively, while the Nikkei is trading down by 0.37%.

Asian markets are trading slightly lower. The Shanghai Composite is trading up 0.09%, while Nikkei and Hang Seng are trading down by 0.37% and 0.87%, respectively.

Axis Top Picks for the month of January 2026

We value SFL at 2.4x Sep'27E ABV to arrive at a target price of Rs 1,150/share, implying an upside of 17% from the CMP.