Axis Securities picks 6 small and midcap stocks with up to 36% upside potential
Domestic brokerage raises Nifty target by 12.5% and selects 6 high-potential stocks.
1Nifty target revised upwards
Axis Securities has set a December 2026 target of 27,220 for the Nifty index, implying a 12.5% increase from current levels. The firm emphasizes India's strong growth potential despite global uncertainties.
2Ujjivan Small Finance Bank
Axis predicts a 20% upside for Ujjivan Small Finance Bank. The bank primarily serves low and middle-income individuals in urban areas. Transitioned from an NBFC in 2017, it focuses on underserved segments.
3Chalet Hotels
A 19% growth target is assigned to Chalet Hotels. The company operates luxury hotels in cities like Mumbai and Bengaluru. Partnering with global brands like Marriott, it stands out in the upscale hospitality sector.
4Minda Corporation
Minda Corporation is projected to rise by 12%. The automotive components manufacturer serves both domestic and global OEMs. It leads in mechatronic products and wiring systems.
5Healthcare Global Enterprises
A 12.2% upside is forecast for this oncology-focused company. With 22 cancer centers across India, it capitalizes on growth opportunities in healthcare.
6Investment opportunities and risks
Axis Securities' stock picks reflect the growth potential of small and midcap companies. However, investors should consider market volatility and sector risks. Long-term strategies can help capitalize on these opportunities.