Archive · 2 Sep 2026
Axis Securities Names 15 Stocks With Up To 40% Upside
Axis Securities, a brokerage firm, has chosen 15 Indian stocks it believes could rise by September 2026.
The possible gains range from 11% to 40%.
Bharti Airtel has the highest expected gain, while Chalet Hotels has the lowest among the picks.
The recommendations cover banks, telecom, consumer companies, healthcare, hotels, construction and other industries.
Axis Securities is also positive about the broader Indian stock market.
It expects the Nifty to reach 27,360 by December 2026 in its main forecast.
However, the market could perform better or worse depending on economic and global events.
Higher oil prices, geopolitical tensions and expensive smaller-company stocks could cause losses.
Axis Securities has recommended 15 stocks across large-, mid- and small-cap segments for September 2026.
Bharti Airtel has the highest projected upside at 40%, with a target price of ₹2,530.
The brokerage remains overweight on BFSI, telecom, capital goods, healthcare, auto, power and energy.
Axis Securities raised its December 2026 Nifty target to 27,360, while setting bull- and bear-case levels of 28,770 and 23,155.
Geopolitical tensions, higher crude prices, rupee weakness, foreign selling and elevated mid- and small-cap valuations are key risks.
- Who
- Axis Securities and investors considering its 15 stock recommendations.
- What
- The brokerage released stock picks with projected upside of up to 40% and updated its Nifty outlook.
- When
- The recommendations are for September 2026, with a broader market target for December 2026.
- Where
- India’s equity market.
- Why
- Axis Securities sees sector-specific opportunities, improving earnings and support from government capital expenditure, while warning of several market risks.
Constructive Outlook
Downside Risks
Indian market direction
Constructive Outlook
Axis Securities remains constructive on Indian equities, citing macroeconomic fundamentals, government capital expenditure, GST 2.0 reforms and an improving corporate earnings cycle.
Downside Risks
The brokerage warns that geopolitical escalation, crude-oil volatility, rupee depreciation and renewed foreign institutional investor selling could pressure the market.
Nifty 2026 outcome
Constructive Outlook
In its bull case, Axis Securities expects the Nifty to reach 28,770 by the end of 2026.
Downside Risks
In its bear case, the Nifty could fall to 23,155 by the end of 2026.
Mid- and small-cap stocks
Constructive Outlook
Axis Securities sees opportunities across large-, mid- and small-cap stocks, including selected capex-linked cyclical companies.
Downside Risks
The brokerage says elevated mid- and small-cap valuations raise the risk of sharp stock-specific corrections.
- Number of stock picks
- 15
- Highest projected upside
- 40% for Bharti Airtel
- Lowest projected upside
- 11% for Chalet Hotels
- December 2026 Nifty target
- 27,360
- Bull-case Nifty level
- 28,770 by the end of 2026
- Bear-case Nifty level
- 23,155 by the end of 2026
- Expected Nifty earnings growth
- 13% CAGR over FY23–FY28