Purchase Automotive Axles, target rate Rs 2210: Axis Securities

Synopsis Automotive Axles Ltd., integrated in the year 1981, is a Small Cap business (having a market cap of Rs 2864.47 Crore) operating in Auto Ancillaries sector. Shutterstock.com Promoters held 71.04 percent stake in the business since 30-Jun-2024, while FIIs owned 0.58 percent, DIIs 11.51 percent. Axis Securities has purchase contact Automotive Axles with a target rate of Rs 2210. The present market value of Automotive Axles Ltd. is Rs 1922.15. Automotive Axles Ltd., integrated in the year 1981, is a Small Cap business (having a market cap of Rs 2864.47 Crore) operating in Auto Ancillaries sector. Automotive Axles Ltd. essential Products/Revenue Segments consist of Automobile Products & Accessories, Scrap & Others, Wind Power and Other Operating Revenue for the year ending 31-Mar-2024. Financials For the quarter ended 30-06-2024, the business reported a Standalone Total Income of Rs 498.88 Crore, down -13.52 % from last quarter Total Income of Rs 576.88 Crore and down -6.61 % from in 2015 exact same quarter Total Income of Rs 534.16 Crore. Business reported net earnings after tax of Rs 34.05 Crore in most current quarter. Promoter/FII Holdings Promoters held 71.04 percent stake in the business since 30-Jun-2024, while FIIs owned 0.58 percent, DIIs 11.51 percent. (Disclaimer: Recommendations given up this area or any reports connected herein are authored by an external celebration. Views revealed are that of the particular authors/en
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