Stay updated with breaking news from Axis Securities. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Analysts expects these two export-oriented sectors to remain under pressure in the near term as the Fed rate-cut prospects diminish on hotter-than-expected inflation print
Following a multibagger surge in the stock in the last 1 year, domestic brokerage house Axis Securities has picked IT stock Cyient as its 'top pick of the week'.
Hindalco's new project is expected to earn $700+ EBITDA per tonne, will be value accretive once it becomes operational. However, the ramp-up period will take 15-18 months from the commissioning date in the second half of CY2026. The EBITDA per tonne trajectory will keep on improving. We do not expect a significant upside from this, but we have maintained a target price of Rs 660 per share.
Hero MotoCorp is slated to release its earnings for the December quarter later today, and the countrys largest two-wheeler maker is expected to put up a robust show across key parameters. The automaker is likely to report a healthy double-digit growth in earnings on the back of robust sales volumes and higher realisations.
Investors and analysts will closely monitor Hero MotoCorp's planned product launches for 2025, raw material price outlook, advertising spend trajectory, and rural vs urban demand outlook.