Axis Direct Broker Research reports

Axis Top Picks for the month of December 2025

BUY with a target price of Rs 440, implying an upside of ~10% from the CMP.

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.