Synopsis: Axis Securities recommends stocks such as Bajaj Finance, State Bank of India, Bharti Airtel, HDFC Bank, Inox Wind, and Avenue Supermarts Limited, citing trends and high growth potential of up to 48.20 percent.
Axis Securities has recommended a list of the top 10 stocks that exhibit strong fundamentals and a positive business outlook. These companies operate in diverse sectors and offer high growth potential of up to 48.20 percent, driven by earnings visibility, sectoral tailwinds, and long-term expansion opportunities.
Here are a few stocks recommended by Axis Securities with a high growth potential of up to 48.20 percent:
With a market capitalization of Rs. 6,15,123.71 crore, the shares of Bajaj Finance Limited were currently trading at Rs. 988.55 per equity share. Axis Securities has recommended a “Buy” call on Bajaj Finance Limited with a target price of Rs. 1,200 per share, indicating an upside potential of 21.39 percent.
Bajaj Finance is a leading NBFC providing consumer finance, personal and business loans, credit cards, insurance, and investment products, using digital platforms to serve retail, SME, and commercial customers across India.
State Bank of India
With a market capitalization of Rs. 9,14,061.91 crore, the shares of State Bank of India were currently trading at Rs. 990.25 per equity share. Axis Securities has recommended a “Buy” call on State Bank of India with a target price of Rs. 1,135 per share, indicating an upside potential of 14.62 percent.
State Bank of India is India’s largest public sector bank, offering retail, corporate, SME, and international banking services, including deposits, loans, digital banking, treasury operations, and financial inclusion initiatives nationwide and globally.
HDFC Bank Limited
With a market capitalization of Rs. 15,37,534.65 crore, the shares of HDFC Bank Limited were currently trading at Rs. 999.40 per equity share. Axis Securities has recommended a “Buy” call on HDFC Bank Limited with a target price of Rs. 1,170 per share, indicating an upside potential of 17.07 percent.
HDFC Bank is a leading private sector bank providing retail and corporate banking, loans, deposits, credit cards, digital payments, and wealth management services, supported by strong asset quality and technology-driven operations.
Bharti Airtel Limited
With a market capitalization of Rs. 11,98,839.13 crore, the shares of Bharti Airtel Limited were currently trading at Rs. 2,102.45 per equity share. Axis Securities has recommended a “Buy” call on Bharti Airtel Limited with a target price of Rs. 2,530 per share, indicating an upside potential of 20.34 percent.
Bharti Airtel is a global telecommunications company offering mobile voice and data, broadband, digital TV, enterprise solutions, cloud, and data center services across India, Africa, and other international markets.
Avenue Supermarts Limited
With a market capitalization of Rs. 2,42,033.66 crore, the shares of Avenue Supermarts Limited were currently trading at Rs. 3,719.40 per equity share. Axis Securities has recommended a “Buy” call on Avenue Supermarts Limited with a target price of Rs. 4,960 per share, indicating an upside potential of 33.35 percent.
Avenue Supermarts operates DMart stores, a value retail chain selling groceries, apparel, household products, and essentials, focusing on low-cost operations, high inventory efficiency, and affordable pricing across urban India.
Inox Wind Limited
With a market capitalization of Rs. 22,156.01 crore, the shares of Inox Wind Limited were currently trading at Rs. 128.20 per equity share. Axis Securities has recommended a “Buy” call on Inox Wind Limited with a target price of Rs. 190 per share, indicating an upside potential of 48.20 percent.
Inox Wind is engaged in manufacturing wind turbine generators and providing turnkey wind power solutions, including EPC, operations, and maintenance services, supporting renewable energy development in India.
Kirloskar Brothers Limited
With a market capitalization of Rs. 13,082.22 crore, the shares of Kirloskar Brothers Limited were currently trading at Rs. 1,647.45 per equity share. Axis Securities has recommended a “Buy” call on Kirloskar Brothers Limited with a target price of Rs. 2,330 per share, indicating an upside potential of 41.43 percent.
Kirloskar Brothers designs and manufactures industrial pumps, valves, and fluid management systems for water supply, irrigation, power, oil and gas, and process industries in India and international markets.
Ujjivan Small Finance Bank Limited
With a market capitalization of Rs. 10,787.55 crore, the shares of Ujjivan Small Finance Bank Limited were currently trading at Rs. 55.65 per equity share. Axis Securities has recommended a “Buy” call on Ujjivan Small Finance Bank Limited with a target price of Rs. 65 per share, indicating an upside potential of 16.80 percent.
Ujjivan Small Finance Bank focuses on financial inclusion by offering microfinance loans, savings accounts, deposits, MSME lending, and digital banking services to underserved individuals and small businesses across India.
APL Apollo Tubes Limited
With a market capitalization of Rs. 53,632.34 crore, the shares of APL Apollo Tubes Limited were currently trading at Rs. 1,931.75 per equity share. Axis Securities has recommended a “Buy” call on APL Apollo Tubes Limited with a target price of Rs. 2,100 per share, indicating an upside potential of 8.71 percent.
APL Apollo Tubes is India’s largest structural steel tube manufacturer, supplying hollow sections and pipes used in construction, infrastructure, engineering, and industrial applications, with a strong distribution network nationwide.
With a market capitalization of Rs. 11,263.14 crore, the shares of Mahanagar Gas Limited were currently trading at Rs. 1,140.25 per equity share. Axis Securities has recommended a “Buy” call on Mahanagar Gas Limited with a target price of Rs. 1,540 per share, indicating an upside potential of 35.06 percent.
Mahanagar Gas is engaged in city gas distribution, supplying compressed natural gas (CNG) for vehicles and piped natural gas (PNG) to households, industries, and commercial consumers in Mumbai and surrounding regions.
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