Axis Securities backs DMart, Eternal, Varun Beverages in top 15 picks with 17-36% upside
Axis Securities' top 15 stock picks feature retail and consumer names including DMart (target Rs 5,270, 20% upside), Eternal/Zomato (Rs 360, 36%), Varun Beverages (Rs 630, 24%), Nestle India (Rs 1,640, 17%) and LG Electronics India (Rs 1,815, 17%). The brokerage favors earnings quality over broad rallies, with a 12-18 month horizon and Nifty Dec 2026 target of 27,220.
Axis Securities' top 15 stock picks include Indian retail/consumer names DMart, Eternal (Zomato), Varun Beverages, Nestle India, LG Electronics India and Chalet Hotels, with 17-36% upside potential, emphasizing earnings quality over broad market rallies.