The journey of India's share market over the past year has not been easy. For the first time in the post-COVID period, Dalal Street lagged behind global and emerging markets. However, according to Axis Securities, the major shocks to the market have already passed, and the impact of most negative factors has been reflected in various stock prices. Due to strong macroeconomic conditions, the Indian market could become a relatively stable haven amid global economic uncertainty in the coming days, according to this brokerage firm.
Axis Securities believes that Nifty50, one of the major indices of India's share market, could cross 28 thousand by December 2026. Nifty50 could advance further if bullish conditions persist in the market. Conveying this hopeful message, the firm has recommended investment in several stocks this year.
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Bajaj Finance: Axis Securities experts are optimistic about this financial services sector stock. Its target price is ₹1,200. This means there is a possibility of a 22 per cent price increase from the current situation.
State Bank of India: Axis Securities has maintained a 'buy' rating on the country's largest public sector bank's stock. Its target price is ₹1,135. This means there is a possibility of a 16 per cent price increase from the current situation.
HDFC Bank: This brokerage firm has also recommended investment in the country's largest private bank's stock. Its target price is ₹1,170. This means there is a possibility of an 18 per cent price increase from the current situation.
Bharti Airtel: Axis Securities is optimistic about the country's second-largest telecom company's stock. Its target price is ₹2,530. There is a possibility of a 20 per cent price increase from the current situation.
Avenue Supermarts: This brokerage firm has recommended investment in D-Mart's parent company's stock. Its target price is ₹4,960. There is a possibility of a 31 per cent price increase from the current situation.
Max Healthcare: Axis Securities is also optimistic about this stock. Its target price is ₹1,400. There is a possibility of a 34 per cent price increase from the current situation.
Prestige Estates: Axis Securities has continued its 'buy' rating on this stock as well. Its target price is ₹2,000. The price could increase by 25 per cent from the current situation.
Mahanagar Gas: Brokerage firm Axis Securities is optimistic about this company's stock. Its target price is ₹1,540. This stock's price could increase by up to 36 per cent compared to the current share price.
Ujjivan SFB: Axis Securities has recommended buying this small finance bank's stock. Its target price is ₹65. There is a possibility of a 23 per cent price increase from the current situation.
Chalet Hotels: Axis Securities has recommended investment in this hospitality sector company's stock. Its target price is ₹1,120. And the upside potential is 29 per cent. This means the price could increase by up to 29 per cent.
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Kirloskar Brothers: Axis Securities has given a 'buy' rating on this stock. Its target price is ₹2,330. There is a possibility of a 45 per cent price increase from the current situation.
Sansera Engineering: Axis Securities experts are also optimistic about this company's stock. Its target price is ₹1,950. Its upside potential is 16 per cent.
Inox Wind: Axis Securities is recommending investment in this company's stock. Its target price is ₹190. There is a possibility of a 54 per cent price increase from the current situation.
Apollo Tubes: Axis Securities has given a 'buy' rating on this stock. Experts are optimistic about its growth. Its target price is ₹2,100. There is a possibility of a 10 per cent price increase.
{News Ei Samay does not provide investment advice anywhere. Investment and trading in the share market or any field involve risk. Proper study and expert advice are recommended beforehand. This news is published for educational and awareness purposes.}
