Axis Direct has curated a multi-sector list of recommended stocks positioned to navigate shifting market conditions. Projected upsides among the picks reach as high as 68% for defense player Mazagon Dock Shipbuilders and 52% for Olectra Greentech. Analysts also highlighted stability in manufacturing and IT, pointing to Coforge's steady deal wins across the BFS and travel verticals as a key catalyst.
Key points
Axis Direct expects corporate earnings growth to be the primary engine for domestic equit…: Axis Direct expects corporate earnings growth to be the primary engine for domestic equities after a volatile Samvat 2082.
Novelis provides essential operational stability for Hindalco even as global aluminium co…: Novelis provides essential operational stability for Hindalco even as global aluminium commodity prices face downward pressure.
APL Apollo Tubes has adjusted its FY27 volume expansion guidance to 15-20% to account for…: APL Apollo Tubes has adjusted its FY27 volume expansion guidance to 15-20% to account for ongoing global disruptions.
Sources checked by our analysis pipeline: 1
Samvat 2082 proved challenging for Indian equities, marked by heightened volatility, intermittent recoveries and a significant correction in benchmark indices. Over the next 12 months, the sustainability and breadth of corporate earnings growth are likely to be the key drivers of equity market returns. Here are 9 stocks Axis Direct is bullish on this Diwali.
ITC Ltd. has a target price of Rs 360 against its current market price (CMP) of Rs 259, indicating an upside potential of 39%. The stock carries a BUY recommendation.
Agencies
2/8
Larsen & Toubro
Larsen & Toubro has a target price of Rs 4,550 compared with its CMP of Rs 3,801, translating into an upside potential of 20%. The recommendation is BUY.
ETMarkets.com
3/8
Mazagon Dock Shipbuilders
Mazagon Dock Shipbuilders has a target price of Rs 2,905 against its CMP of Rs 1,731, indicating an upside potential of 68%. The stock has a BUY recommendation.
ETMarkets.com
4/8
Olectra Greentech
Olectra Greentech has a target price of Rs 1,500 compared with its CMP of Rs 985, suggesting an upside potential of 52%. The recommendation on…
Market participants in Tokyo experienced a downturn as selling pressure emerged before the session ended. The benchmark index faced headwinds that dragged overall valuations into negative territory by the final bell. The decline highlights persistent caution among traders navigating the regional equities landscape.
Strong commercial vehicle demand and reliable exports propelled the Kolkata-headquartered manufacturer back into profitability during the September quarter. Strategic diversification into non-ferrous components and railway infrastructure projects is expected to unlock high-margin opportunities across advanced industries. Investors are closely monitoring key technical thresholds that could signal continued upward price momentum.
Market authorities are attempting to reverse massive capital outflows that have depressed domestic equities and weighed heavily on the currency. By pitching tax relief ahead of the February federal budget, regulators aim to lower transaction burdens that currently exceed those of competing jurisdictions. These policy shifts could lift returns and restore competitiveness against emerging market peers.