Axis Direct Broker Research reports

Asian markets are trading higher, after tech rally lifts US stocks higher. Nikkei is trading higher by 2.38% while Hang Seng and Shanghai are trading lower by 0.33% and 0.05% respectively.

Q3FY25 Earnings Preview - Chemicals, Capital Goods and Midcaps

Q3FY25 Earnings Preview - INFRA-ROAD & OTHERS

Q3FY25 Earnings Preview - CEMENT

Asian Market are trading mixed, as investors assess business activity data from several key economies in the region. Nikkei, Hang Seng and Shanghai are trading lower by 1.33%, 0.18% and 0.27% respectively.

We initiate coverage of JSW Energy Limited (JSWE) with a BUY recommendation and a target price of Rs 800/share, implying a potential upside of 26% from the CMP.

Asian markets traded mixed as the Wall Street peers ended lower on the first trading session of 2025 where the dollar strengthened and Tesla deliveries disappointed. Hang Seng traded higher by 0.33%, whereas Shanghai traded lower by 0.46%

We initiate coverage of Kalpataru Projects International Ltd (KPIL) with a BUY recommendation and a target price of Rs 1,590/share, implying an upside potential of 25% from the CMP

Asian markets traded mostly lower as investors gear up for the new year. Hang Seng and Shanghai traded lower by 1.66% and 0.48%, respectively.

In the near term, we believe the Auto Sector to witness consolidation across all segments. In the long run, we prefer M&M (non-coverage) as a play in the PV/LCV/tractor segment; we also monitor Ashok Leyland in the CV space for potential spurt in volumes.