Axis Direct Broker Research reports

Top picks are: We lean towards domestic-focused companies and prefer APL Apollo Tubes and Coal India as Top Picks. We also like Hindalco, but recommend a Buy on Dips' approach amidst the volatile macro environment due to the impact of reciprocal tariffs.

Asian markets extended sell-offs on Monday due to fears over a global trade war sparked by US President Donald Trump's tariffs. The Nikkei, Hang Seng, and Shanghai were down by 5.84%, 8.98%, and 5.72%, respectively.

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We recommend a BUY rating on the stock with a target price of Rs 1,475/share, implying an upside of 10% from the CMP.

Our Top Positive Plays: UltraTech Cement; JK Cement; JK Lakshmi Cement; Star Cement

Asian markets are trading lower, mirroring steep losses in US equities. The Nikkei is down 2.52%, while the Hang Seng and Shanghai Composite are shut for a public holiday.

Asian markets are trading lower as sentiment weakened following U.S. President Donald Trump's imposition of hefty reciprocal tariffs on over 180 countries and territories. Nikkei is down 2.75%, Hang Seng is down 1.81%, and Shanghai Composite is down 0.37%.

Our Top Picks: HDFC Bank, ICICI Bank, Dalmia Bharat Ltd, State Bank of India, Lupin, Trent Ltd, Hero Motocorp, Max Healthcare, Indian Hotels, Kalpataru Projects, APL Apollo Tubes, Varun Beverages, Bharti Airtel, Prestige Estates, Cholamandalam Invest and Finance.

In the long term, we prefer TVS Motors and Hero Motocorp in 2Ws; M&M (non-coverage) as a play in the PV/LCV/tractor segment, followed by Maruti in PVs. We also keep a close watch on Ashok Leyland and Eicher (VECV) in the CV space for potential volume growth

We maintain our BUY rating on the stock

Asian markets are trading mixed as investors brace for U.S. President Donald Trump to roll out fresh tariffs this week. Nikkei is trading lower by 9%, Hang Seng is trading lower by 28%, and Shanghai Composite is trading higher by 23%.

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Axis Intellect (AI) Score based Top Ideas

Asian markets are trading higher after two key Wall Street benchmarks rose as investors awaited clarity on U.S. President Donald Trump's tariff rollout. Nikkei, Hang Seng, and Shanghai Composite are trading higher by 0.59%, 0.44%, and 0.39%, respectively.

We recommend the following stocks: HDFC Bank, ICICI Bank, Dalmia Bharat, State Bank of India, Lupin, Trent Ltd, Hero Motocorp, Max Healthcare, Indian Hotels, Kalpataru Projects, APL Apollo Tubes, Varun Beverages, Bharti Airtel, Prestige Estates, Cholamandalam Invest and Finance.

We recommend a BUY rating on the stock with a target price of Rs 213/share, implying an upside of 10% from the CMP.

Asian markets are trading lower amidst ongoing concerns over tariffs and growth. Nikkei, Hang Seng, and Shanghai are trading lower by 2.11%, 0.05%, and 0.32%, respectively.

Asian markets are trading mixed as investors weigh U.S. President Donald Trump's 25% tariffs on auto imports. Nikkei and Shanghai are trading lower by 1.09% and 0.3%, respectively, whereas Hang Seng is trading higher by 0.35%.

Asian markets are trading higher on expectations that U.S. President Donald Trump's tariffs could be softer than previously expected. Nikkei, Shanghai, and Hang Seng are trading higher by 0.36%, 0.09%, and 0.67%, respectively.

Asian markets are trading mixed on hopes that U.S. President Donald Trump's tariffs could be softer than expected. Nikkei and Shanghai are trading higher by 0.8% and 0.07%, respectively, while Hang Seng is trading lower by 0.89%.