Axis Direct Broker Research reports

Asian markets traded higher this morning. Nikkei, Shanghai, and Hang Seng gained 0.05%, 0.58%, and 0.52%, respectively.

Sector Update - FCNR (B) Deposit Mobilisation Update

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

Monthly Quant Report September 2026

We value the company on Jun'27E EPS by valuing a 1-year forward P/E target of 22x to arrive at a TP of Rs 415/share, implying an upside of 14% from the CMP.

We maintain our BUY recommendation on the stock with an unchanged target price of Rs 86/share (valuing the stock at 1.8x FY28E ABV), implying an upside of 32% from the CMP. Currently, we keep our earnings estimates unchanged.

We value Astral at 51x FY28E EPS and retain our target price of Rs 1,750/share, implying approximately 16% upside.

Asian markets traded in the negative territory this morning. Nikkei, Shanghai, and Hang Seng lost 2.88%, 0.96%, and 0.96%, respectively.

Stock Ideas with specific strategies

We recommend the following stocks: Kotak Bank, Bajaj Finance, Bharti Airtel, ICICI Bank, Varun Beverages Ltd, APL Apollo Tubes, HCG Ltd, LG Electronics (I) Ltd, Nestle India Ltd, Eternal Ltd, Chalet Hotels, Minda Corporation Ltd, Dalmia Bharat Ltd, City Union Bank, CCL Products Ltd.

We maintain our BUY recommendation on the stock with an unchanged TP of Rs 1,325/share, implying an upside of 13% from the CMP. We value the stock at 39x FY28E EPS vs its current valuation of 34x FY28E EPS.

Asian markets traded in the negative territory this morning. Nikkei and Hang Seng lost 0.22% and 1.08%, respectively, while Shanghai was nearly flat, up 0.02%.

Asian markets fell sharply this morning, led by South Korea's Kospi, which dropped 3.5%. Meanwhile, Nikkei, Hang Seng, and Shanghai lost 1.83%, 0.93%, and 0.32%, respectively.

We recommend a BUY on the stock with a target price of Rs 362/share, implying an upside of 10% from the CMP.

We recommend a BUY with a target price of Rs 760/share, implying an upside of ~10% from the CMP.

Considering the company's promising growth outlook, we recommend a BUY on the stock with a target price of Rs 246/share, implying an upside potential of 10% from the CMP.

Asian markets were trading mostly higher this morning. Nikkei, Hang Seng, and Shanghai gained 0.76%, 0.02%, and 0.23%, respectively.

Asian markets were trading mixed this morning. Nikkei and Hang Seng fell 0.11% and 0.25%, respectively, while Shanghai gained 0.22%.

We recommend a BUY on the stock with a target price of Rs 1,805/share, implying an upside of 10% from the CMP.

Asian markets were trading in the positive territory. Shanghai, Hang Seng, and Nikkei gained 0.48%, 0.96%, and 0.07%, respectively.