Top Picks 2026: Axis Securities lists stocks that could deliver returns of up to 54% this year

News Topical, Digital Desk : Top Picks 2026: Brokerage firm Axis Securities has advised investing in selected stocks for January 2026. The firm believes that these stocks could see potential returns of 16% to 54%, driven by strong fundamentals, an improving demand picture, and sector-specific triggers. Read further below are Axis Securities' key recommendations -

Bajaj Finance Axis Securities expects Bajaj Finance to maintain its growth trajectory.

• AUM Growth: 24–25% CAGR (medium term)
• Rating: Buy
• Target Price: ₹1,200
• Potential Upside: 22%
• Growth is expected to accelerate from FY27 onwards through core products and new product lines.
• Rating: Buy
• Target Price: ₹1,135
• Potential Upside: 16%
• Responsible pricing, better use of technology and strong liability are supporting the franchise outlook.

HDFC Bank

• Rating: Buy
• Target Price: ₹1,170
• Potential Upside: 18%
• Axis Securities expects loan growth to accelerate in FY26 and strengthen further in FY27. Margin pressure is expected to gradually ease.

Bharti Airtel

• Rating: Buy
• Target Price: ₹2,530
• Potential Upside: 20%
• Strong margins, subscriber additions and 4G conversions are supporting the company's performance.

Avenue Supermarts (DMart)

• Rating: Buy
• Target Price: ₹4,960
• Potential Upside: 31%
• The brokerage expects growth in the high-margin segment in H2FY26 driven by the festive season and improved consumer demand.

Inox Wind

• Target Price: ₹190
• Potential Upside: 54%
• This target has been fixed after adjusting the minority stake in Inox Green Energy Services and Resco Global.

Kirloskar Brothers

• Rating: Buy
• Target Price: ₹2,330
• Potential Upside: 45%
• Double-digit revenue growth is expected in the medium term due to strong order book and stable demand.

Ujjivan Small Finance Bank

• Target Price: ₹65
• Potential Upside: 23%
• Axis Securities expects better recovery, stable margins and declining credit costs in H2.

APL Apollo Tubes

• Rating: Buy
• Target Price: ₹2,100
• The company is expected to benefit from India's infrastructure push. EBITDA growth is projected at 29% CAGR over FY25–27E.

Mahanagar Gas

• Target Price: ₹1,540
• Potential Upside: 36%
• Axis Securities has set this target by combining net cash and investments with a 30% discount.

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