Stocks to Buy: Axis Securities places bets on Bajaj Finance, SBI, Airtel, Inox Wind and more

New Delhi: Brokerage house Axis Securities has presented its fresh perspective on many big and mid-cap companies of the country. In companies of different sectors like banking, finance, telecom, retail, energy and manufacturing, it is expecting strong growth in 2026. The brokerage firm has maintained a 'Buy' rating on many stocks and has expressed the possibility of a good upside for investors.

Axis Securities believes that Bajaj Finance will maintain its strong growth trajectory. According to the brokerage, the company's Asset Under Management (AUM) can grow at a CAGR of 24-25 percent in the medium term. Growth is expected to accelerate again from FY27, in which the contribution of new products will increase along with core products. Giving a 'Buy' rating on the stock, a target of Rs 1,200 has been given, which shows about 22 percent upside from the current level.

According to Axis Securities, SBI has performed best among big banks. The bank's strategy focuses on strengthening the liability base, capitalizing on high-return assets and making better use of technology. The brokerage is confident that this speed will continue even further. It has projected SBI shares to reach Rs 1,135 level, which is likely about 16 percent growth as compared to current price.

HDFC Bank's loan-to-deposit ratio is below 100 percent, which is expected to accelerate loan growth in FY26. Axis Securities says that this growth may become stronger in FY27. Good deposit raising conditions can bring the LDR below 90 percent. The initial margin pressure is likely to ease in the second half. The brokerage has given a target of Rs 1,170, which shows an upside of about 18 percent.

Axis Securities has advised the investors to buy shares of Bharti Airtel. Strong margins, adding new subscribers and increasing the number of 4G users are said to be positive factors for the company. The stock is projected to reach the level of Rs 2,530 apiece, which is about 20 percent rise.

The brokerage expects consumer demand to improve in the second half of FY26 due to better macro conditions and a strong festive season would benefit Avenue Supermarts. This will lead to growth in the high-margin general merchandise and apparel segment. Consumption has also been supported by the reduction in GST. The stock has a target of Rs 4,960 with a 'Buy' rating, which shows an upside of up to 31 percent.

Regarding Kirloskar Brothers, the brokerage says that with a strong order book and constant order inflows, double digit revenue growth is possible in the medium term. The target of Rs 2,330 has been given for the stock, which has room for growth of about 45 percent.

Axis Securities has set a target of Rs 190 for Inox Wind shares after adjusting the subsidiary stake. This shows an upside of about 54 percent from the current level, which is the highest in this list.

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According to the brokerage, Ujjivan SFB may see a better recovery in the second half as operational challenges are reduced. The brokerage has given a target of Rs 65, which indicates a 23 percent upside.

Axis Securities has set a target price of Rs 2,100 for APL Apollo Tubes shares and said it will benefit from infrastructure growth. At the same time, a target of Rs 1,540 has been fixed for Mahanagar Gas, in which 36 percent upside is expected.