Axis Securities Top Picks: Buy Call To 4 Stocks Including 3 Multibaggers For Up To 50% Return

Axis Securities has assigned buy call to 4 stocks namely Bajaj Finance, Amber Enterprises India Ltd, CreditAccess Grameen, and HG Infra Engineering. Three of the four stocks have given multibagger returns to investors. If you buy the stocks now, you can get maximum 50% return. Check key takeaways below:

Name Of Company	Potential Return
Amber Enterprises India Ltd	50%
CreditAccess Grameen	32%
HG Infra Engineering	32%
Bajaj Finance Ltd	30%

1. Buy Amber Enterprises India Ltd

Axis Securities has assigned buy call to Amber Enterprises with a target price of Rs 3000 apiece. The current market price of the stock is Rs 1998 apiece with an intraday gain of 0.11%.

If you buy Amber Enterprises now, you can get a potential return of 50%. The company has a market capitalisation of Rs 6734 crore. The stock has given maximum 95% return in last 3-years and 60% in last 5-years.

The company came into existence in 1990 and operates in Consumer Durables sector. The company declared its consolidated total income for the quarter ended September 30, 2022 at Rs 762 crore, down 58%.

2. Buy Bajaj Finance Ltd

The last trading price of the large cap company is Rs 6618 apiece. Axis Securities has assigned buy rating to the stock with a target price of Rs 8600 apiece. If you buy Bajaj Finance, you can get 30% return.

Its 52-week high is quoted at Rs 8043 apiece and 52-week low is quoted at Rs 5235 apiece, respectively. The NBFC large cap stock has given multibagger returns to investors with last 5-years return at 283% and last 3-years return at 63%.

The company declared its consolidated total income for the quarter ended September 30, 2022 at Rs 9,972 crore, up 7%.

 

3. Buy CreditAccess Grameen

The last trading price of the stock is Rs 911 apiece with an intraday gain of 0.56%. ICICI Securities gave buy rating to the stock with a target price of Rs 1200 apiece.

If you buy CreditAccess Grameen, you will get 32% potential return. The stock's 52-week high is Rs 1154 apiece and 52-week low is Rs 560 apiece, respectively.

The mid cap stock, operating in NBFC sector, has given maximum 40% return in last 1-year and 12% in last 3-years, and 115% in last 5-years.

The company declared a consolidated total income for the quarter ended September 30, 2022 at Rs 814 crore, up 7%.

4. Buy HG Infra Engineering

The last trading price of the Infrastructure sector stock is Rs 634 apiece with an intraday gain of 2.14%. The analyst has assigned a target price of Rs 835 apiece. If you buy HG Infra Engineering now, you can get maximum 32% return.

The stock's 52-week high is Rs 684 apiece and 52-week low is Rs 481 apiece, respectively. The company has a market capitalisation of Rs 4135 crore. The small cap company has given maximum 171% return in last 3-years, and 136% return in last 5-years.

The company declared its consolidated total income for the quarter ended September 30, 2022 at Rs 799 crore, down 27%.
 

Disclaimer

The stocks have been picked from the brokerage report of Axis Securities. Greynium Information Technologies, 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 check with certified experts before taking any investment decision.