Synopsis: Axis Securities’ top large-cap picks include Eternal, Kotak Mahindra Bank, Bajaj Finance, Bharti Airtel, and four more, all rated BUY with upside potential ranging from upto 57%.
Axis Securities has identified a set of high-potential large-cap stocks poised to deliver strong returns. These picks span diverse sectors, including technology, banking, finance, telecom, healthcare, FMCG, and electronics reflecting a balanced approach to growth and stability.
Eternal Ltd
Eternal Ltd is an Indian tech and e‑commerce company, formerly known as Zomato, that operates food delivery, quick-commerce, and supply services like Zomato, Blinkit, and Hyperpure, focusing on digital commerce across India.
With a market capitalisation of Rs. 2,23,888 cr, the shares of Eternal Ltd closed at Rs. 232 per share, down from its previous close of Rs. 232.25 per share. Axis Securities has given a BUY rating for this stock, with a target price of Rs. 360, which implies a 55% upside from its current levels.
Kotak Mahindra Bank Ltd
Kotak Mahindra Bank is a major Indian private sector bank offering a wide range of banking and financial services including retail banking, corporate lending, wealth management and insurance through its subsidiaries. It is known for strong franchise value, diversified revenue streams and consistent branch network expansion.
With a market capitalisation of Rs. 3,60,758 cr, the shares of Kotak Mahindra Bank Ltd closed at Rs. 362.70 per share, up from its previous close of Rs. 360.50 per share. Axis Securities has given a BUY rating for this stock, with a target price of Rs. 515, which implies a 42% upside from its current levels.
Bajaj Finance Ltd
Bajaj Finance is one of India’s leading non‑bank financial companies (NBFCs), specialising in consumer lending, SME finance and deposits. It is widely regarded for its high‑growth lending model, strong digital adoption and premium valuations.
With a market capitalisation of Rs. 5,32,209 cr, the shares of Bajaj Finance Ltd closed at Rs. 855.30 per share, up from its previous close of Rs. 850.60 per share. Axis Securities has given a BUY rating for this stock, with a target price of Rs. 1150, which implies a 34% upside from its current levels.
Bharti Airtel Ltd
Bharti Airtel is a major Indian telecom operator providing mobile, broadband, enterprise solutions and digital TV services across India. Aside from core connectivity, it has diversified into financial services via payments and fintech licenses, and remains a dominant player with a large subscriber base and improving profitability metrics.
With a market capitalisation of Rs. 10,43,798 cr, the shares of Bharti Airtel Ltd closed at Rs. 1830.55 per share, up from its previous close of Rs. 1792.40 per share. Axis Securities has given a BUY rating for this stock, with a target price of Rs. 2530, which implies a 38% upside from its current levels.
State Bank of India
State Bank of India (SBI) is India’s largest public sector bank, with an extensive branch and ATM network and a dominant share of deposits and loans in the country. It plays a key role in the Indian financial system, with diversified banking operations spanning retail, corporate, wealth and asset management segments.
With a market capitalisation of Rs. 9,51,030 cr, the shares of State Bank of India closed at Rs. 1030.30 per share, down from its previous close of Rs. 1032.65 per share. Axis Securities has given a BUY rating for this stock, with a target price of Rs. 1350, which implies a 31% upside from its current levels.
Max Healthcare Institute Ltd
Max Healthcare Institute is one of India’s largest hospital chains, operating multi‑speciality and super‑speciality hospitals with a wide geographic footprint. The company’s stock represents the healthcare services sector and trades with valuations reflecting growth expectations from hospital expansion, pathology and home healthcare services.
With a market capitalisation of Rs. 90,730 cr, the shares of Max Healthcare Institute Ltd closed at Rs. 932.35 per share, up from its previous close of Rs. 931.75 per share. Axis Securities has given a BUY rating for this stock, with a target price of Rs. 1250, which implies a 34% upside from its current levels.
Nestle India Ltd
Nestle India is a leading FMCG company in the food and beverage sector, known for brands like Maggi, Nescafe, KitKat and other dairy and convenience products. It is the Indian subsidiary of the global Nestlé group and has a long heritage in the market, with stable cash flows typical of consumer staples.
With a market capitalisation of Rs. 2,36,025 cr, the shares of Nestle India Ltd closed at Rs. 1224 per share, up from its previous close of Rs. 1215.55 per share. Axis Securities has given a BUY rating for this stock, with a target price of Rs. 1500, which implies a 23% upside from its current levels.
LG Electronics India Ltd
LG Electronics India is the publicly listed Indian arm of the global electronics giant, focused on consumer durables like refrigerators, TVs, washing machines and appliances. The stock often reflects consumer demand trends, brand strength and local manufacturing initiatives. Its listing performance has seen strong investor interest since its IPO with growth on tech and appliance market penetration.
With a market capitalisation of Rs. 93,874 cr, the shares of LG Electronics India Ltd closed at Rs. 1383 per share, up from its previous close of Rs.1378.50 per share. Axis Securities has given a BUY rating for this stock, with a target price of Rs. 1815, which implies a 31% upside from its current levels.
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