Axis Securities positive on HDFC Bank, ICICI Bank, Bharti Airtel, 7 other largecap stocks for short term
Domestic brokerage Axis Securities has a selection of large-cap stocks to invest in for short-term gains in July month from various sectors, including finance, energy, IT, healthcare, and infrastructure.
As Dalal Street benchmarks, Sensex and Nifty50, scale fresh peaks, analysts anticipate the current bull run to sustain for a longer timeframe of 3-5 years. However, the market also showed negative territory during the increase in the chart. Amid these volatile trends, investors are confused about which sector or stock to choose for investment.
Largecap stocks to buy for short-term
Domestic brokerage Axis Securities has a selection of large-cap stocks to invest in for short-term (one-month) gains in July month from various sectors, including finance, energy, IT, healthcare, and infrastructure.
Here are all the largecap stocks for short term investment:
ICICI Bank Ltd
ICICI Bank share price target:
The brokerage has an 'equal-weight' rating on ICICI Bank shares with a target of Rs 1,325, indicating an upside potential of 10 per cent.
Coal India Ltd
Coal India share price target:
Axis Securities has an 'equal-weight' rating on Coal India stock with a target of Rs 550, suggesting an upside potential of 16 per cent.
Nestle India Limited
Nestle India share price target:
The brokerage has maintained a positive outlook with an 'overweight' rating on the FMCG sector stock, Nestle India, with a target of Rs 2,880. According to the brokerage, the stock could rise up to 13 per cent within one month.
State Bank of India
SBI share price target:
For the PSU banking stock, State Bank of India, the brokerage has an 'equal-weight' rating with a target of Rs 1,010 for the July month.
Varun Beverages Ltd
Varun Beverages share price target:
Axis Securities has an 'equal-weight' rating on the Pepsi maker Varun Beverages' shares, with a target of Rs 1,830. They expect it can rise up to 12 per cent within the month.
HDFC Bank Ltd
HDFC Bank share price target:
The brokerage has an 'equal-weight' rating on the HDFC Bank stock with a target of Rs 2,000, indicating an upside potential of up to 19 per cent.
Bharti Airtel Ltd
Bharti Airtel share price target:
As telecom sector companies increase tariffs, the brokerage has an 'overweight' rating on Bharti Airtel shares with a target of Rs 1,650. According to the brokerage, it can return up to 14 per cent to investors within a month.
TVS Motor Company Ltd
TVS Motor share price target:
For automobile major TVS Motor, the brokerage has an 'overweight' rating with a target of Rs 2,700 from a one-month perspective.
Cholamandalam Invest Ltd
Cholamandalam Investment share price target:
Axis Securities is bullish with an 'equal-weight' rating on the Cholamandalam Investment & Finance stock, with a target of Rs 1,575 for the July month. They expect an upside potential of up to 11 per cent.
HCL Technologies Ltd
HCL Tech share price target:
The brokerage has an 'equal-weight' rating on HCL Technologies shares with a target of Rs 1,650. They expect it to rise up to 13 per cent within a month.
Disclaimer: The views/suggestions/recommendations expressed here in this article are solely by investment experts. Zee Business suggests its readers consult their investment advisers before making any financial decision.