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Cracker stocks this Diwali! Axis Direct selects 12 technical stock with 48% upside potential for Samvat 2083

By Economic Times Markets · Published by Everything Blog

In short

The selections leverage technical formations, such as breakouts from consolidation ranges and strong volume recoveries, across varied industry segments. Five top contenders, including Shivalik Bimetal Controls and Jyoti CNC Automation, offer projected gains ranging from 45% to 49%. Axis Direct also identified opportunities in healthcare, defence, and banking, such as Aurobindo Pharma with an anticipated 39% upside and Hindustan Aeronautics at 25%.

Key points

Intact domestic earnings fundamentals support technical breakouts despite ongoing market…: Intact domestic earnings fundamentals support technical breakouts despite ongoing market volatility from external headwinds.
Five distinct picks show projected upsides of 45% or higher over the next year.: Five distinct picks show projected upsides of 45% or higher over the next year.
Major names such as Hindustan Aeronautics and Kotak Mahindra Bank offer projected gains o…: Major names such as Hindustan Aeronautics and Kotak Mahindra Bank offer projected gains of 25%.

Sources checked by our analysis pipeline: 1

Markets are currently navigating a phase of heightened volatility, with the Nifty and broader market indices witnessing a meaningful correction from their recent highs. The weakness is less a reflection of any fundamental deterioration in the domestic earnings cycle and more a consequence of a combination of external pressures. To navigate Samvat 2083, here are 12 stocks that Axis Direct says are showing strong technical indicators.

Agencies

2/13

Aurobindo Pharma

The pharma company currently trades at a CMP of Rs 1,660, with a target price of Rs 2,100, representing a potential upside of 39% over a 12-month time frame. Aurobindo Pharma’s long-term chart shows a breakout above a prolonged consolidation range, followed by a retest of the breakout zone around Rs 1,000–1,100. The subsequent rebound suggests that the former resistance zone is acting as support, strengthening the case for a continuation of the broader uptrend.

ETMarkets.com

3/13

Hindustan Aeronautics

State-owned defence major trades at a CMP of Rs 4,870 and has a target price of Rs 5,850, offering a potential upside of 25% over a 12-month time frame. On the…

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Key Points

Intact domestic earnings fundamentals support technical breakouts despite ongoing market…: Intact domestic earnings fundamentals support technical breakouts despite ongoing market volatility from external headwinds.
Five distinct picks show projected upsides of 45% or higher over the next year.: Five distinct picks show projected upsides of 45% or higher over the next year.
Major names such as Hindustan Aeronautics and Kotak Mahindra Bank offer projected gains o…: Major names such as Hindustan Aeronautics and Kotak Mahindra Bank offer projected gains of 25%.

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AI Analysis

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In short

Key Points

Intact domestic earnings fundamentals support technical breakouts despite ongoing market…: Intact domestic earnings fundamentals support technical breakouts despite ongoing market volatility from external headwinds.
Five distinct picks show projected upsides of 45% or higher over the next year.: Five distinct picks show projected upsides of 45% or higher over the next year.
Major names such as Hindustan Aeronautics and Kotak Mahindra Bank offer projected gains o…: Major names such as Hindustan Aeronautics and Kotak Mahindra Bank offer projected gains of 25%.

Topics

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Cracker stocks this Diwali! Axis Direct selects 12 technical stock with 48% upside potential for Samvat 2083

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