Axis Direct Broker Research reports

Asian markets are trading mixed, as investors await key data, including Tokyo's inflation print and India's Q2 GDP numbers. Nikkei and Shanghai are trading lower by 0.08% and 0.14% respectively, while Hang Seng is trading higher by 0.06%.

We initiate coverage on Elecon Engineering Ltd. with a BUY recommendation

Asian markets are trading mixed, following overnight gains in the U.S., where growing expectations of Fed rate cuts and a rebound in technology shares lifted sentiment. Nikkei and Shanghai are trading higher by 1.32% and 0.05% respectively, while Hang Seng is trading lower by 0.14%.

We recommend a BUY rating on the stock with a target price of Rs 360/share, implying an upside of 10% from the CMP.

Asian markets are trading higher, taking cues from the overnight rally on Wall Street amid rising expectations of a potential U.S. Fed rate cut in December. Nikkei, Hang Seng and Shanghai are trading higher by 1.83%, 0.56%, and 0.05%, respectively.

Our outlook since our note release date of 30th Oct, 2025, remains unchanged. We maintain our BUY rating on the stock.

Asian markets are trading higher, supported by a rebound in U.S. tech stocks led by Alphabet and renewed expectations of a potential Fed rate cut. Nikkei, Hang Seng, and Shanghai are trading higher by 0.64%, 1.09%, and 0.38%, respectively.

BUY with a target price of Rs 271/share, implying an upside of ~10% from the CMP.

Asian markets are trading mixed, after the New York Federal Reserve President indicated the possibility of a third rate cut later this year. Hang Seng and Shanghai are trading higher by 1.06% and 0.26%, respectively. Japan's markets remain closed for a public holiday.

Top Conviction Ideas - Consolidated Q2FY26