Axis Securities has recommended 15 stocks across large, mid and smallcap segments for June. The brokerage sees upside potential of up to 44% in its top ideas despite a challenging global environment.
Why the brokerage remains positive
The brokerage believes India's macroeconomic fundamentals remain strong even as investors grapple with higher crude oil prices, geopolitical tensions and foreign investor outflows.
Axis Securities has maintained its December 2026 Nifty target at 27,220. It believes market corrections should be used to accumulate quality companies with strong earnings visibility.
Eternal tops the list
Eternal is the brokerage's highest-conviction large-cap idea with an expected upside of 44%. The stock benefits from its leadership position in digital consumer businesses and long-term growth opportunities.
Bharti Airtel remains a preferred telecom bet
Bharti Airtel is expected to deliver about 38% upside from current levels. The brokerage remains positive on the telecom sector due to strong cash flows and improving industry structure.
ICICI Bank joins the June portfolio
Axis Securities has added ICICI Bank to its top picks list and sees around 35% upside. The bank continues to benefit from strong asset quality, healthy loan growth and improving profitability.
Financials continue to dominate recommendations
Bajaj Finance and Kotak Mahindra Bank remain among the brokerage's preferred financial sector names. Axis continues to favour banking and financial services due to strong earnings visibility.
Consumption plays feature prominently
Avenue Supermarts, Varun Beverages and Nestle India are among the consumer-focused picks. The brokerage expects resilient domestic consumption to support growth for these businesses.
LG Electronics India makes the cut
LG Electronics India is one of the newer entrants in the recommended portfolio. The brokerage expects consumer durables demand to remain healthy as income growth and urban consumption improve.
Dalmia Bharat is the lone midcap pick
Among mid-cap stocks, Dalmia Bharat stands out with an expected upside of nearly 39%. The brokerage remains positive on the long-term outlook for the cement sector and infrastructure spending.
Ujjivan SFB leads the small-cap basket
Ujjivan Small Finance Bank is the brokerage's favourite small-cap idea with projected upside of 43%. The recommendation reflects confidence in improving profitability and lending growth.
Hospitality and industrial themes also find favour
Chalet Hotels and Kalpataru Projects are among the selected small-cap stocks. The brokerage expects both hospitality demand and infrastructure spending to remain supportive.
Minda Corp and Navin Fluorine complete the list
Minda Corporation and Navin Fluorine round out the small-cap recommendations. Both companies are positioned to benefit from long-term growth in manufacturing and specialty chemicals.
What sectors does Axis prefer?
The brokerage remains overweight on banking, telecom, capital goods, healthcare, power and energy. It also likes select consumption and capex-linked businesses where valuations have become more attractive.
Key risks and investor strategy
Axis warns that higher crude oil prices, rupee weakness, inflation and a weak monsoon remain important risks. It advises investors to keep 10-15% liquidity available and focus on high-quality companies with strong balance sheets and earnings visibility.
