Bajaj Finance to SBI: Axis Securities' top 8 largecap picks with up to 42% upside - Poised for gains | The Economic Times
Axis Securities sees strong upside potential in select large-cap stocks, backed by robust earnings growth, healthy balance sheets, and sector tailwinds. With macro risks easing and consumption expected to rebound, the brokerage has identified eight largecap ideas poised to outperform, offering returns of up to 42%. Here's the list:
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Axis expects Bajaj Finance to clock 25% earnings CAGR, driven by steady NIMs, better cost ratios, and stable credit costs. The brokerage has set a target price of Rs 1,050, implying a 12% upside from the current market price of Rs 937.
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SBI remains a top pick for Axis, thanks to strong credit growth visibility, improving deposit franchise, and controlled operating expenses. The stock is expected to rally 25% from its CMP of Rs 820 to a target of Rs 1,025.
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With expansion across Africa, deeper rural penetration, and a growing value-added portfolio, Varun Beverages leads the list with a 42% upside potential. Axis has pegged the target price at Rs 650, compared to the CMP of Rs 458.
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Axis believes HDFC Bank will gradually return to pre-merger efficiency metrics, aided by controlled opex and healthy asset quality. It values the stock at Rs 2,250, offering a 12% upside from the current price of Rs 2,002.
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Axis has a positive outlook on Bharti Airtel, citing its industry-leading ARPU, rising 4G conversions, and expanding margins. The target price of Rs 2,330 implies a 16% gain from the current price of Rs 2,010.
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Shriram Finance is set to benefit from a pickup in rural and urban demand, with asset quality stress easing. Axis sees 12% upside from the current price of Rs 707, with a target price of Rs 790.
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Axis is constructive on Hero’s rural-driven demand recovery and evolving EV portfolio. The stock is expected to rise 19% from Rs 4,237 to a target of Rs 5,030.
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D-Mart’s renewed focus on general merchandise, store expansion, and improving consumer demand supports Axis’s 'buy' rating. The brokerage values the stock at Rs 5,091, indicating a 16% upside from the CMP of Rs 4,372.
(: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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