16 small, mid and large cap stock ideas by Axis Securities for June month

Jun 15, 2024, 03:30:04 PM IST1/4

Top Stock Ideas

The focus of Modi 3.0 will likely continue on developing the country’s public infrastructure such as roads, water, metro, railways, defence, digital infrastructure, and green technologies.
Axis Securities says that the market may continue to find direction based on a “Feel good” factor on policy continuity, pre-budget expectations, progress of monsoon, development on the CAPEX agenda, fiscal consolidation path and expectation of rural recovery in the second half.
Here are top picks by Axis Securities across the small, mid and large cap categories:

2/4

Large cap stocks

ICICI Bank- Target price: Rs 1,325; Upside potential: 19.9%
Coal India- Target price: Rs 550; Upside potential: 12.85%
Nestle India: Target price: Rs 2,880; Upside potential: 13.24%
State Bank of India: Target price: Rs 1,080; Upside potential: 28.6%
Varun Beverages: Target price: Rs 1,750; Upside potential: 6.8%
Bank of Baroda: Target price: Rs 1,750; Upside potential: 18.8%
Bharti Airtel: Target price: Rs 1,520; Upside potential: 6.4%
TVS Motor Company: Target price: Rs 2,425; Upside potential: 3.1%
Cholamandalam Investment & Finance Company: Target price: Rs 1,480; Upside potential: 2.34%

3/4

Mid cap stocks

Aurobindo Pharma: Target price: 1,320; Upside potential: 4.5%
Lupin: Target price: 1,764; Upside potential: 10.2%
Federal Bank: Target price: Rs 205; Upside potential: 17.7%
CreditAccess Grameen: Target price: Rs 1,900; Upside potential: 29%

4/4

Small cap stocks

CIE Automotive India: Target price: Rs 586; Upside potential: 2.80%
Westlife Foodworld: Target price: Rs 980; Upside potential: 21.9%
J.Kumar Infraprojects: Target price: Rs 845; Upside potential: 2.54%
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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