Axis Direct Broker Research reports

Asian markets are trading positively. Chinese markets gained about 1% after reopening, supported by export-sector optimism and easing trade concerns. The Nikkei, Shanghai Composite, and Hang Seng are trading higher by 1.2%, 0.9%, and 0.6%, respectively.

Asian markets are trading mixed as investors weighed renewed tariff threats from U.S. President Donald Trump and concerns that artificial intelligence could disrupt software companies. Nikkei and Shanghai are trading up by 0.79% and 0.71%, respectively, while Hang Seng is trading down by 1.49%.

Top Conviction Ideas - Consolidated Q3FY26

We maintain our BUY rating on the stock.

Asian markets are trading positively, with the Hang Seng trading up by 2.33%. US President Trump announced over the weekend that he would increase global tariffs to 15% from 10%. However, the U.S. Supreme Court decision struck down a broad swath of the president's trade agenda.

Top Conviction Ideas - Auto & Auto Ancillaries

We reiterate our BUY recommendation with a revised TP of Rs 87/share, implying an upside of 24% from the CMP, valuing the stock at 1.4x Sep'28E ABV (vs 1.6x earlier) for a RoA/RoE delivery of 1-1.2%/9-12% over FY27-28E vs 0.4/3.7% in FY26E.

We recommend a BUY with a target price of Rs 500/share, implying an upside of 10% from the CMP.

Asian markets are mostly trading lower. The Nikkei and Hang Seng are trading down by 1.14% and 0.18%, respectively. Shanghai is closed for the Spring Festival holiday.

Q3FY26 Earnings Wrap - Week VI

Stock Ideas with specific strategies

Top Conviction Ideas - Retail

Top Conviction Ideas - FMCG

Asian markets are mostly trading higher. The Nikkei is trading up by 0.74%, while both the Hang Seng and Shanghai were closed due to the Lunar New Year Holiday.

We are initiating coverage on LG Electronics India Ltd (LGEIL) with a BUY recommendation and a target price of Rs 1,815/share, which implies an upside of 16% from the CMP.

We maintain our BUY rating on the stock at a 23x P/E multiple to its Dec'27 earnings to arrive at a TP of Rs 1,820/share, implying an upside of 31% from the CMP.

Asian markets are mostly trading higher. The Nikkei and Hang Seng are trading up by 0.98% and 0.52%, respectively, while the Shanghai is trading down by 1.26%.

We recommend a BUY on the stock with a target price of Rs 334/share implying an upside of 10 from the CMP

Top Conviction Ideas - Metals and Mining

We reiterate our BUY recommendation on the stock. The stock currently trades at 1.9x Sep'27E BV, and we value it at 2.2x Sep'27E BV to arrive at a target price of Rs 425/share, implying an upside of 24% from the CMP.