Axis Direct Broker Research reports

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%.

Stock Ideas with specific strategies

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%.