India's largest power generation, NTPC's structural pivot toward a regulated, cost-plus thermal base alongside an aggressive renewable and nuclear expansion positions it as a direct and diversified beneficiary of India's decade-long power capex buildout, adds the brokerage.
Despite near-term input cost volatility, Astral's market leadership, strong net cash position, and expanding product portfolio across pipes, adhesives, bathware, and paints offer healthy earnings visibility and structural re-rating potential over the long term, adds the brokerage.
Axis Securities has released its list of top stock picks for September 2026, with recommendations spanning telecom, beverages, consumer, cement, banking, electronics and FMCG sectors.
Pitti's revenue growth is expected to be supported by the capex, recent trade deals between India and the US, as well as Europe, adds the brokerage.
Among some of the brokerage's prominent calls are Britannia, Bajaj Auto, UltraTech Cement, Hindalco, APL Apollo Tubes, ICICI Bank and Bajaj Finance.
Among large-cap ideas, Bharti Airtel and Kotak Mahindra Bank offer the highest upside potential of 28%, with target prices of Rs 2,530 and Rs 500, respectively.
IT services are expected to remain soft in Q1 FY27 amid a cautious demand environment, with growth partially supported by large deal ramp-ups, outcome-based engagements, and AI-led spending, says Axis Securities.
Auto Q1 Results Preview: Automobile companies are expected to report healthy YoY earnings growth in the June quarter, supported by strong demand momentum and double-digit volume growth across key vehicle segments according to Axis Securities
Axis Securities anticipates a QoQ Ebitda decline for steel companies like Tata Steel and SAIL, driven by lower sales volumes coming off a seasonally strong Q4 base and elevated coking coal consumption costs.
Cement Q1 Results Preview: Recent corrections in large-cap and select mid-cap cement companies have improved valuation comfort and provide attractive opportunities for long-term investors, says Axis Securities.
The brokerage believes the target valuation appears reasonable compared to global digital engineering peers, considering Nagarro's strong European franchise, diversified client base, and complementary capabilities in AI, SAP, and enterprise applications.
SBI continues to offer an attractive investment opportunity, backed by compelling valuations and strong earnings visibility, according to Axis Securities.
Eternal has the highest upside at around 43-44%, led by strong traction in quick commerce and food delivery segments.
Manappuram's Q4 AUM growth was exceptional, driven by robust gold loan growth of 31% QoQ, led by 20% increase in gold prices during the quarter and healthy tonnage growth.
While this development will be sentimentally negative and will weigh on the stock price, the brokerage believes this is a good accumulation opportunity.
Axis Securities projects moderate growth for Indian IT Services and telecom sector; sees currency tailwinds to offer earning cushion.
Axis Securities predicts a strong quarter for BFSI sector, driven by healthy credit growth, but cautious undertones persist amid funding pressures and geopolitical risks.
Axis Securities has refreshed its top picks by adding Kotak Bank, Eternal and Nestle India while exiting Mahanagar Gas, HDFC Bank and Prestige Estate Projects.
Stocks in focus include Tech Mahindra, HCLTech, Persistent Systems and more.
Axis Securities' presents high-conviction top stock ideas for strong returns in February 2026, eyes upto 56% upside.
