Axis Securities, a prominent domestic brokerage, has released its list of top 15 stock picks, forecasting significant growth potential for investors. The firm's target prices suggest an upside of up to 40% from stock prices recorded as of August 31, 2026, with an investment horizon of more than one year.
High Potential Picks Lead the Way
Among the stocks with the highest projected returns, Bharti Airtel Ltd stands out with an impressive 40% upside potential. Axis Securities has set a target price of Rs 2,530 against its current stock price of Rs 1,812. Following closely is Varun Beverages Ltd, which could see a 32% upside, with a target price of Rs 530 compared to its Rs 400 stock price. CCL Products (India) Ltd also shows strong prospects, with a 32% potential upside, targeting Rs 1,425 from its Rs 1,080 price point.
Large-Cap and Small-Cap Highlights
In the large-cap segment, several established players are featured:
- Bajaj Finance Ltd: Target price of Rs 1,305 (23% upside from Rs 1,057)
- ICICI Bank Ltd: Target price of Rs 1,800 (24% upside from Rs 1,454)
- Kotak Mahindra Bank Ltd: Target price of Rs 500 (19% upside from Rs 419)
For small-cap investors, City Union Bank Ltd (CUB) is highlighted with a 22% potential upside, as Axis Securities targets Rs 280 against its Rs 229 stock price.
Additional Recommendations Across Market Caps
The brokerage's comprehensive list also includes a diverse range of companies:
Mid-Cap Growth Opportunities
- Dalmia Bharat Ltd: Target price of Rs 2,260 (22% upside from Rs 1,856)
- LG Electronics India Ltd: Target price of Rs 1,965 (16% upside from Rs 1,698)
- APL Apollo Tubes Ltd: Target price of Rs 2,500 (12% upside from Rs 2,223)
Small-Cap and Other Noteworthy Stocks
- Nestle India Ltd: Target price of Rs 1,765 (18% upside from Rs 1,497)
- Eternal Ltd: Target price of Rs 390 (19% upside from Rs 328)
- Chalet Hotels Ltd: Target price of Rs 1,000 (11% upside from Rs 904)
- Minda Corporation Ltd: Target price of Rs 815 (14% upside from Rs 713)
- Healthcare Global Enterprises Ltd: Target price of Rs 820 (12% upside from Rs 733)
These recommendations reflect Axis Securities' analysis for long-term investment strategies.