We recommend a BUY on Cummins India Limited with a Target Price of Rs 470, an upside of ~9% from CMP of Rs. 432 and Stop Loss Rs 410.

Asian markets are trading in the green despite an increase in coronavirus cases with the World Health Organization reporting 2 lakh new cases in a 24 hour period, while investors focus on geopolitical tensions between US & China. Nikkei is trading higher by 1.36%, Shanghai is trading higher by 2.89%

Minda Industries Ltd (MIL) is a leading tier 1 supplier for Indian OEM's with a diversified product portfolio which includes switches, lighting systems, sensors, air bags, infotainment, batteries, alloy wheels, blow molded parts etc. It has 62 manufacturing facilities in 7 countries

We recommend a BUY on Dixon Technologies with a Target Price of Rs 6172, an upside of ~5% from CMP of Rs. 5878 and Stop Loss Rs 5,584.

June sales declined by 25%-90% YoY(ex tractors)for all OEM's as demand was driven by themes of rural, entry level models. PV companies reported 50%+ declines YoY as some pent up demand and rural picked up. 2W recovery was faster at (~25-35% decline YoY) on good rural reach

Asian markets are trading mixed amid diverse economic data in the region; a survey showed that China's factory activity for June was better than expected, while Bank of Japan's quarterly Tankan survey showed a worsening business mood in the country . Nikkei is trading lower by 0.12%, Shanghai i..

We are initiating coverage on Birla Corporation Limited (BCL) with a BUY recommendation and a Target Price of Rs 854, which implies 50% upside from the current levels

Asian markets are trading higher as investors take note of data from China's manufacturing activity expanded in June with the official Purchasing Managers Index coming in at 50.9 vs. estimates of 50.4. Nikkei is trading higher by 1.68%; Hang Seng is higher by 0.85%, while Shanghai is trading highe..

Ashok Leyland reported a weak and in-line set of numbers with revenue declining by ~57% YoY at Rs 3838 cr. EBITDA came in at Rs 183 cr ahead of our estimates. EBITDA margin was at 4.8% down ~640 bps YoY and 84 bps QoQ. Ashok Leyland reported a net loss in this quarter of Rs 57 cr.

We recommend a BUY on HCL Tech with a Target Price of Rs 600, an upside of ~7% from CMP of Rs. 562 and Stop Loss Rs 530.

We initiate coverage on Polycab India with a BUY recommendation with a Target Price of Rs 898. Polycab is a leading manufacturer of Cables & Wires (C&W;) in India (18%/12% market share in organized/overall C&W; segment respectively)

ITC's Q4FY20 print was largely in line with our estimates on key metrics, but positively surprised us on the Gross Margins front. We note, Cigarette volumes likley declined by 9-10% vs our/street estimate of 4%/7-8% decline in Q4.

Federal Bank (FB) is a Kerala-based regional private sector bank incorporated on 23 April, 1931 as the Travancore Federal Bank Limited. The bank has a presence in ~25 states, the National Capital Territory of Delhi and four union territories.

Asian markets are trading mixed tracking cues from Wall Street overnight. Nikkei is trading higher by 0.99%, Hang Seng is trading lower by 0.52%, while Shanghai is shut for trading due to holiday. Indian indices are expected to open in the green. Sgx Nifty is trading higher by 0.32%.

Lumax Industries' Q4FY20 performance was ahead of estimates with revenue declining by 11% YoY to Rs391 cr v/s est. of 19% fall. This was ahead of the decline of its largest customers MSIL and HMSI. EBITDA margin came in at 9.7% in-line with our estimate

Q4FY20 performance was dragged by COVID-19, we were positively surprised by the Margin performanced that came in ahead of our estimates while, bottomline was more or less in line with our expectation.

Page Industries (PAGE) reported lower than expected Q4FY20 numbers with revenue declining by 11% YoY at Rs 541 Crs vs Est Rs582 Crs impacted by steep fall in volumes (down by 19% vs 8% decline as estimated).COVID-19 led shutdownsince the beginning of March'20 largely impacted PAGE's sales in Q4F..

Asian markets are trading mixed tracking weak cues from Wall Street overnight. Nikkei is trading lower by 1.33%, Shanghai is trading higher by 0.30% and Hang Seng is lower higher 0.50%. Indian indices are expected to open lower. Sgx Nifty is trading lower by 1.10%.

Asian markets are trading flattish as concerns over increasing coronavirus cases continues to weigh on investor sentiments. Nikkei is trading higher by 0.12%, Shanghai is trading higher by 0.09% and Hang Seng is trading higher 0.04%. Indian indices are expected to open on a flat note. Sgx Nifty is t

Asian markets are trading higher as stocks recovered after White House advisor Peter Navarro clarified that the U.S.-China trade deal is not over. Nikkei is trading higher by 0.86%, Shanghai is trading higher by 0.04% and Hang Seng is trading lower 0.94%. Indian indices are expected to open in the g