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20 Mar 2025 |
Automotive Axles
|
Consensus Share Price Target
|
1736.05 |
2003.00 |
- |
15.38 |
buy
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07 Feb 2025
|
Automotive Axles
|
Axis Direct
|
1736.05
|
1975.00
|
1821.95
(-4.71%)
|
13.76 |
Buy
|
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We maintain a BUY rating with a 13% upside potential.
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05 Nov 2024
|
Automotive Axles
|
Axis Direct
|
1736.05
|
1981.00
|
1792.35
(-3.14%)
|
14.11 |
Buy
|
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We maintain a BUY rating with a 10% upside potential.
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08 Aug 2024
|
Automotive Axles
|
Axis Direct
|
1736.05
|
2210.00
|
1895.50
(-8.41%)
|
27.30 |
Buy
|
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|
We maintain a BUY rating with a 13% upside potential.
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29 May 2024
|
Automotive Axles
|
Axis Direct
|
1736.05
|
2175.00
|
1959.95
(-11.42%)
|
Target met |
Buy
|
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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.
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11 May 2024
|
Automotive Axles
|
Axis Direct
|
1736.05
|
2050.00
|
1873.65
(-7.34%)
|
Target met |
Buy
|
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|
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.
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02 May 2024
|
Automotive Axles
|
Asit C Mehta Investment Interrmediates
|
1736.05
|
2906.00
|
1959.50
(-11.40%)
|
67.39 |
Accumulate
|
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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.
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06 Feb 2024
|
Automotive Axles
|
Axis Direct
|
1736.05
|
1800.00
|
2015.15
(-13.85%)
|
Target met |
Sell
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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).
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13 Nov 2023
|
Automotive Axles
|
Axis Direct
|
1736.05
|
2400.00
|
2351.45
(-26.17%)
|
Target met |
Hold
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Post the recent run-up in prices, the valuation appears full. As a result, with limited upside potential from current levels, we downgrade the stock from BUY to HOLD.
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23 Sep 2023
|
Automotive Axles
|
Axis Direct
|
1736.05
|
2400.00
|
2200.10
(-21.09%)
|
Target met |
Buy
|
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We maintain our BUY rating on the stock with the TP at Rs 2,400/share.
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07 Aug 2023
|
Automotive Axles
|
Axis Direct
|
1736.05
|
2300.00
|
2089.15
(-16.90%)
|
Target met |
Buy
|
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|
Recommendation: Post recent correction, the valuation looks attractive. As a result, we upgrade our rating from HOLD to BUY
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19 May 2023
|
Automotive Axles
|
Axis Direct
|
1736.05
|
2550.00
|
2220.30
(-21.81%)
|
|
Hold
|
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Recommendation: We maintain our HOLD rating on the stock.
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07 Feb 2023
|
Automotive Axles
|
Axis Direct
|
1736.05
|
2690.00
|
2483.80
(-30.11%)
|
Target met |
Hold
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|
After the recent run-up to current levels post strong Q3 results, the stock looks fairly valued and we need to await a better entry point; hence downgrade our rating from BUY to HOLD. Given the strong CV Cycle we value the stock at 19x (earlier 18x) it's FY25 EPS (roll forward from Sept'24 EPS). O..
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07 Feb 2023
|
Automotive Axles
|
ICICI Direct
|
1736.05
|
3000.00
|
2483.80
(-30.11%)
|
|
Buy
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09 Aug 2022
|
Automotive Axles
|
ICICI Direct
|
1736.05
|
2375.00
|
1948.20
(-10.89%)
|
Target met |
Buy
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23 May 2022
|
Automotive Axles
|
Axis Direct
|
1736.05
|
1840.00
|
1671.75
(3.85%)
|
Target met |
Hold
|
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|
We revise our rating from HOLD to BUY assigning a multiple of 17x FY24E EPS to arrive at a target price of Rs 1,840/share (Rs 1,600 earlier), implying a potential upside of 12% from the CMP.
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20 May 2022
|
Automotive Axles
|
ICICI Direct
|
1736.05
|
2140.00
|
1645.80
(5.48%)
|
Target met |
Buy
|
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23 Feb 2022
|
Automotive Axles
|
ICICI Securities Limited
|
1736.05
|
1730.00
|
1508.50
(15.08%)
|
Target met |
Buy
|
|
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Key Company Update: Automotive Axles is co-promoted by Meritor Inc. (global leader in axles especially for heavy trucks) and the Kalyani group (promoters of Bharat Forge) with each entity owning 35.5% stake in the company. At the parent level, Cummins Inc. has acquired Meritor Inc. valuing Meritor Inc. at US$3.7 billion....
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15 Nov 2021
|
Automotive Axles
|
Axis Direct
|
1736.05
|
1550.00
|
1354.95
(28.13%)
|
Target met |
Buy
|
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We retain a BUY rating on the stock assigning a multiple of 17x FY23E EPS to arrive at a target price of Rs 1,550/share (12% upside) on the back of the CV recovery cycle, new products, and cost rationalisation.
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23 Aug 2021
|
Automotive Axles
|
Axis Direct
|
1736.05
|
1440.00
|
1225.35
(41.68%)
|
Target met |
Buy
|
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We retain a BUY and our multiple to 15x FY23E to arrive at a target price of Rs 1,440/share (15% upside) on the back of the CV recovery cycle, new products, and cost rationalisation.
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24 May 2021
|
Automotive Axles
|
Axis Direct
|
1736.05
|
1470.00
|
1339.60
(29.59%)
|
Target met |
Buy
|
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We retain a BUY and raise our multiple to 15x FY23E to arrive at a target price of Rs 1,470/share (11% upside) on the back of the CV recovery cycle, new products and cost rationalisation.
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