Axis Direct Broker Research reports

We maintain our BUY on the stock and value the company at a 19x multiple to its FY28E earnings to arrive at a TP of Rs 1,065/share, implying an upside of 43% from the current levels.

Asian markets traded mixed as investors remained cautious amid rising tensions in the Middle East and higher crude oil prices. The Hang Seng is trading higher by 0.28% while Shanghai and Nikkei are trading negative by 0.28% and 0.12%, respectively.

Aluminum Sector Update - The Era of Energy-Constrained Scarcity

We reiterate our BUY rating on State Bank of India with a Target Price of Rs 1,280/share, offering an attractive 28% upside potential from the CMP.

Asian markets are trading lower, reflecting weakness in U.S. technology stocks and heightened geopolitical concerns following reports of U.S. military action against Iran after an Apache helicopter-related incident. Nikkei, Hang Seng, and Shanghai are trading lower by 0.89%, 0.48%, and 0.27%.

Asian markets are trading mixed, with broader sentiment improving following indications of a de-escalation in hostilities between Israel and Iran. Investors welcomed signs of easing geopolitical tensions, supporting a recovery across several regional markets after the previous session's weakness.

Top Conviction Ideas - Consolidated Q4FY26

Top Conviction Ideas - Retail

Asian markets are trading lower, as escalating geopolitical tensions in the Middle East, coupled with sharp losses in U.S. technology stocks, have dampened investor sentiment. Nikkei, Hang Seng, and Shanghai are trading lower by 4.35%, 1.69%, and 1.30%, respectively.

Top Conviction Ideas - FMCG

Asian markets are trading lower, as persistent risk-off sentiment and technical selling continue to drag regional equity benchmarks. While a tentative Israel-Lebanon ceasefire initially cooled crude oil spikes, ongoing localised friction near the Strait of Hormuz.

Event Update - RBI Monetary Policy - June 2026

With a 5% upside from the CMP, we maintain our HOLD rating on the stock.

Asian markets are trading lower as a global shift toward a risk-off environment triggers widespread profit-taking. Weakness in Wall Street's technology sector overnight, alongside spiking geopolitical risk premiums and surging energy prices.

We maintain our BUY rating on the stock.

Asian markets are trading mixed as investors continue to chase growth momentum in Tokyo's semiconductor and tech play while maintaining a cautious, risk-off stance toward China-exposed equities. The Nikkei and Shanghai were up 2.11% and 0.23%, respectively, while the Hang Seng was down 0.92%.

Top Conviction Ideas - Automobile

We prefer Bajaj Auto and Eicher Motors in 2W, M&M (non-coverage) as a play in the PV/LCV/Tractor segment, followed by Maruti in PVs. We also like Tata Motors (non-coverage) in the CV space, followed by a close watch on Eicher (VECV) for any market share gains.

Axis Intellect (AI) Score based Top Ideas

We maintain our BUY rating on the stock and rollover our estimates to FY28.