Being a proxy play to the CV industry, at CMP we find limited downside risk to AutoAxles. Hence, we upgrade the stock to BUY from SELL earlier with an 11% upside potential.

Automotive Axles Ltd. has an average target of 1950.00 from 1 broker.

Automotive Axles Ltd.

11 May 2024

1863.60

1.09%

Pick of the Week:13 MAY 2024

Buy: Automotive Axles Ltd.

Recommendation Target

Axis Direct

We recommend a BUY rating on the stock with a target price of Rs 2,050/share, implying an upside of 10% from the CMP.

Automotive Axles Ltd. has an average target of 1950.00 from 1 broker.

Automotive Axles Ltd.

02 May 2024

1863.60

1.09%

Investment Idea

Accumulate: Automotive Axles Ltd.

Asit C Mehta Investment Interrmediates

AAL is currently the largest independent manufacturer of rear drive axle assemblies for CVs (primarily M&HCVs) in India. AAL has continuous focus on working capital
improvement and inventory optimization and continuous focus on revenue
improvement, new product development, operational excellence & cost optimization as part of Industry 4.0 Strategy.

Automotive Axles Ltd. has an average target of 1950.00 from 1 broker.

Automotive Axles Ltd.

06 Feb 2024

1863.60

1.09%

Result Update:Automotive Axles

Sell: Automotive Axles Ltd.

Recommendation Target

Axis Direct

We expected muted domestic MHCV industry growth in FY25 and AutoAxles being a proxy to the industry we factor in limited upside potential from current levels. Hence, we downgrade the stock from HOLD to SELL (previously BUY to HOLD in Q2FY24 report).

Automotive Axles Ltd. has an average target of 1950.00 from 1 broker.

Is Automotive Axles Ltd. worth buying?

60 Votes:

Buy 73.33%

Sell 15.0%

Hold 11.67%

RESEARCH REPORTS

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Buy SEE REPORTS >

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