Axis Direct Broker Research reports

Asian markets are trading mixed as investors digest US monthly jobs report and await earnings releases in the region. Nikkei is trading higher by 0.10%, Hang Seng is trading lower by 0.95% and Shanghai is trading flat.

Asian markets are trading mixed tracking cues from Wall Street overnight. Nikkei is trading higher by 0.71%, Hang Seng is trading lower by 0.11% and Shanghai is trading higher by 0.11%.

We value KEC International at 12.5x FY24E EPS to arrive at a target price of Rs 420/share (Rs.400 earlier) implying a downside of 4% from the CMP and maintain our HOLD rating on the stock.

We maintain our BUY rating on the stock with a revised target price of Rs 775/share (2.4x FY24E BV), implying an upside of 37% from the CMP.

We maintain our BUY rating with a target price of Rs 165/share (1.2x FY24E ABV), implying an upside of 61% from the CMP.

We continue to maintain our estimates and outlook on the company and Maintain our BUY recommendation with TP at Rs 800/share (valuing the stock at 14x FY24E EPS), implying an upside of 15% from the CMP

We retain our HOLD rating due to the limited upside and value of the company with a revised TP of Rs 3,950 (45x FY24 EPS) vs 3,650 (43x FY24E EPS)

We Maintain BUY with a revised TP of Rs 630 (49x FY24E EPS).

We retain our BUY rating on the stock and value the company at 8.5x FY24E EV/EBITDA to arrive at a target price of Rs 105/ share, implying an upside of 12% from the CMP.

We retain our BUY rating on the stock with a target price of Rs 845 share, implying an upside of % from the CMP.

Asian markets are trading higher led by gains in technology stocks and investors focus on earnings releases by companies. Nikkei is trading higher by 0.54%, Hang Seng is trading higher by 1.68% and Shanghai is trading higher by 0.55%.

We value JKLC at 7x FY24E EV/EBITDA and assign a BUY rating to the company with a TP of Rs 570/Share, implying an upside potential of 24% from the CMP.

Asian markets are trading in the green despite wesk cues from Wall Street overnight while investors monitor U.S. House Speaker Nancy Pelosi's visit to Taiwan. Nikkei is trading higher by 0.53%, Hang Seng is trading higher by 0.33% and Shanghai is trading higher by 0.24%

Asian markets are trading lower tracking weak cues from Wall Street overnight. Nikkei is trading lower by 1.59%, while Hang Seng is trading lower by 2.97% and Shanghai is trading lower by 2.63%.

Asian markets are trading mixed as disappointing Chinese economic data weighed on investor sentiments. Nikkei is trading higher by 0.47%, while Hang Seng is trading lower by 0.97% and Shanghai is trading lower by 0.42%.

Asian markets are trading mixed as investors take note of the latest US GDP report showing a second-straight quarter of contraction. Nikkei is trading higher by 0.46%, Hang Seng is trading lower by 1.38% and Shanghai is trading higher by 0.49%.

Asian markets are trading higher as investors take note of a 75 bps rate hike by the US Central bank, which was in line with expectations. Nikkei is trading higher by 0.32%, Hang Seng is trading higher by 0.32% and Shanghai is trading higher by 0.82%.

Asian markets are trading mixed ahead of Australia's inflation report and the US Fed's policy decision this week. Nikkei is trading lower by 0.82%, Hang Seng is trading lower by 0.45% and Shanghai is trading lower by 0.26%.

Asian markets are trading mixed as investors take note of reports that showed South Korea's GDP grew 0.7% (vs. est. of 0.4% growth) in the second quarter. Nikkei is trading lower by 0.08%, Hang Seng is trading higher by 0.72% and Shanghai is trading higher by 0.50%.

Asian markets are trading lower tracking weak cues from Wall Street over the weekend while investors focus on Fed rate decision and the release of second quarter GDP data in the U.S. during the week. Nikkei is trading lower by 0.82%, Hang Seng is trading lower by 0.45% and Shanghai is trading lower