Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are me......read more
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, se......read more
Logistics sector set to maintain double-digit growth, says Pankaj Pandey, ICICIdirect
This is a huge industry, worth Rs 9.5 lakh crore, and you have various segments which are expected to sort of keep delivering double-digit kind of growth, Pandey told ET Now.While the business prospects are strong, some stocks such as Blue Dart Express are trading at high valuations, Pandey said, highlighting it as a reason for not tweaking the price target.
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Buy Automotive Axles: target of Rs 2375: ICICI Direct
ICICI Direct is bullish on Automotive Axles has recommended buy rating on the stock with a target price of Rs 2375 in its research report dated August 09, 2022.
Bullish on these 7 pharma and capital goods stocks now: Pankaj Pandey
“Within the pharma sector, Sun Pharma and Cipla are looking attractive to us. Among capital goods, besides L&T, we are bullish on AI Engineering, LD Equipments and Ador Welding. The bearing companies are also looking attractive to us. Within that Timken and SKF are the ones which are looking good.”
Analysts turn positive on auto sector; Maruti & M&M top picks
ICICI Direct has shifted its stance to positive, from neutral, for the automobile industry owing to improved availability of semiconductors and chips and a substantial reduction in metal prices, which is a key raw material for the sector.
7 capital goods and auto stock picks from Pankaj Pandey
“In the auto sector, Ashok Leyland, Automotive Axles and AIA Engineering are looking good while in the capital goods space, both SKF and Timken are looking good. Then there are companies like Thermax, Siemens which we also like.”
Automotive Axles Ltd., incorporated in the year 1981, is a Small Cap company (having a market cap of Rs 2526.34 Crore) operating in Auto Ancillaries sector.
Automotive Axles Ltd. key Products/Revenue Segments include Automobile Products & Accessories, Scrap & Others, Other Operating Revenue and Wind Power for the year ending 31-Mar-2021.
Axtel Industries is engaged in the business of Manufacturing of food processing plant & machinery.
AIL offers complete process plants as well as individual equipment covering requirements in the food processing value chain from raw material reception to the fin......read more