8 Stock Ideas That Can Deliver Returns Upto 22 %

Axis Securities did a coverage report on multiple sectors; Automobiles, Banking and Financial
services, Capital Goods, Cement, Consumer Discretionary, Information Technology, Metals &Mining, Oil &Gas, Real Estate, Specialty Chemicals and Telecom.

As per the report the company did value sectors and based on it identified 8 companies whose share price can grow by upto 22% and hence has recommended investors to buy them. Here are the details.

As per the Axis securities report, "In the last one year, the benchmark index NIFTY 50 moved up 3% while the S&P 500 and the emerging market index declined by 9%/17% respectively. On the sector front, PSU Banks, FMCG, Auto, and Private Bank indices closed on a positive note in the last one year while Media, IT, Metal, Energy, and Realty closed on a negative note over the same period."

In terms of outlook for sectors, Axis Securities is positive on IT, Telecom, Auto, and Domestic cyclical. The brokerage feels BFSI, Industrials, and PSUs will improve, while Metals, Commodity-linked stocks, and Selective Cyclicals (Cement) sectors are well-placed for longer time horizons

Among the various sectors, the brokerage has picked 8 stocks which show signs of good potential gains are as follows.

Company Name	Current Market Price (Rs/share)	Target Price (Rs/share)	Potential Upside(%)	Category
ITC Limited	392.3	460	22	Large Cap
Infosys Limited	1,492.50	1,800	21	Large Cap
Bajaj Finance Limited	5,995.15	7,400	21	Large Cap
Tech Mahindra Limited	1,078.15	1,300	17	Large Cap
Dalmia Bharat Limited	1,828.90	2,120	15	Mid Cap
Varun Beverages Limited	1,350	1,500	15	Mid Cap
Maruti Suzuki India Limited	8,693.50	9,760	13	Large Cap
Polycab India Limited	3,094.7	3,390	12	Mid Cap

Disclaimer:

The stocks have been picked from the brokerage report of Axis Securities, Greynium Information Technologies and the Author, and the respective Brokerage house are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to consult with certified experts before making any investment decision.