Axis Direct picked 5 smallcap stocks with up to 40% upside potential after the Indian stock market fell for eight consecutive weeks. The brokerage showed confidence in these firms despite the recent market crash. Investors now look at these specific picks to see if they have them in their portfolios.
The Indian stock market has just set a record, but not one investors hoped for. Dalal Street has logged losses for eight consecutive weeks, surpassing the streaks seen during the 2020 Covid-19 crash and the 2008 global financial crisis. Axis has picked 5 smallcap stocks with strong value after the sharp correction.
Axis has assigned a target price of Rs 1,000, implying an upside of 19% from current market levels. It is a leading owner, developer, and asset manager of high-end hotels in India, primarily operating in key metro cities such as Mumbai, Hyderabad, Bengaluru, and Pune. The company’s portfolio includes luxury and upper-upscale hotels managed by renowned global brands like Marriott, Westin, and Four Points.
The company has a target price of Rs 815, an upside of 18% from the previous close. It is a major technology-driven manufacturer of automotive components and systems for both domestic and global original equipment manufacturers (OEMs). It is the flagship company of the Spark Minda Group and a leading supplier of mechatronic products, wiring harnesses, and vehicle access systems.
The brokerage has assigned a target price of Rs 280, an upside of about 24% from current levels. The bank has evolved from its regional roots into a pan-India franchise with 1,000+ branches, while retaining a strong presence in Tamil Nadu. CUB follows a granular, collateral-backed lending model, with MSMEs as its core focus, complemented by gold, agriculture, retail and other business loans.
With a target price of Rs 1,425, the brokerage forecasts 40% upside from current levels. It remains constructive on CCL Products' long-term growth prospects, supported by strong customer demand, a healthy order pipeline, new client additions, expanding branded sales and ongoing capacity expansion.