Axis Direct Broker Research reports

We recommend a BUY rating on the stock with a target price of Rs 693/share, implying an upside of 10% from the CMP

Asian markets traded lower as yields on long-term Japanese government bonds surged to levels last seen during the 2008 financial crisis. The Nikkei, Hang Seng, and Shanghai indices declined by 1.69%, 0.86%, and 0.18%, respectively

Asian markets traded higher as Wall Street rallied overnight following U.S. President Donald Trump's decision to postpone tariffs on certain automakers. The Nikkei, Hang Seng, and Shanghai indices gained 0.82%, 1.83%, and 0.38%, respectively.

Axis Intellect (AI) Score based Top Ideas

Axis Intellect (AI) Score based Top Ideas

Asian markets traded higher as investors evaluated China's growth and inflation targets, though escalating global trade tensions and U.S. tariffs weighed on sentiment. The Nikkei, Hang Seng, and Shanghai indices gained 0.24%, 2.37%, and 0.12%, respectively.

We recommend a BUY on the stock with a target price of Rs 4,300/share, implying an upside of 10% from the CMP

Stock Ideas with specific strategies

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 recommend a BUY on the stock with a potential upside of 10% from the CMP.