The case relates to Cummins indirectly acquiring a 35.52% share in Automotive Axles Ltd.

Cummins Inc. Pays Rs 91.22 Lakh To Settle Case With SEBI

Automotive Axles jumped 7.46% to Rs 2490, as the stock staged a strong bounce back from the sharp sell-off witnessed in the previous trading session.

Automotive Axles soars on large volumes; up over 27% in three months

Automotive Axles standalone net profit rises 155.96% in the December 2022 quarter

📍आज IRB Infra, Automotive Axles और HDFC LTD समेत कौनसे शेयर रहेंगे फोकस में?

आज किस कंपनी की होगी लिस्टिंग?

✅बाजार के लिए कौनसे हैं अहम ट्रिगर्स?

जानिए #StocksInNews में..





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Stocks In News: Which stocks including IRB Infra, Automotive Axles & HDFC LTD will be in focus?

Automotive Axles rose 4.41% to Rs 2091.05 after Cummins Inc. made an open offer to buy up to 26% stake in the company.

Automotive Axles jumps after Cummins makes open offer for 26% stake

The company is a beneficiary of the current cyclical recovery in the domestic commercial vehicle space, especially the medium & heavy commercial vehicle (M&HCV) domain.

Automotive Axles surges 8%, hits record high on healthy business outlook

“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.”

7 capital goods and auto stock picks from Pankaj Pandey

Automotive Axles Q4 Review - Strong Quarter, CV Upcycle To Provide Growth Impetus: Axis Securities

ICICI Direct is bullish on Automotive Axles recommended buy rating on the stock with a target price of Rs 1730 in its research report dated February 23, 2022.

Buy Automotive Axles; target of Rs 1730: ICICI Direct

Automotive Axles standalone net profit rises 50.11% in the December 2021 quarter

Automotive Axles standalone net profit rises 68.44% in the September 2021 quarter

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Automotive Axles Limited is engaged in the manufacturing of automotive axles. It provides its products to the domestic and global manufacturers of trucks and buses. 