Stocks to buy: Bull case Nifty 50 target at 27,000; HDFC, ICICI Bank, Bharti Airtel among 16 top picks: Axis Securities

The maturation communicative of the Indian banal marketplace is expected to proceed successful the long-term. However, with existent valuations offering a constricted scope for further expansion, an summation successful firm net volition beryllium the superior operator of the marketplace returns moving forward, analysts said.

Hence, according to Axis Securities, bottom-up banal picking with a absorption connected ‘growth astatine a tenable price’ and ‘Quality’ would beryllium keys to generating satisfactory returns successful the adjacent 1 year.

In its basal case, Axis Securities maintained its Nifty 50 people of 24,600 for March 2025. It foresees Nifty net to station maturation of 16% CAGR implicit FY23-26. Financials are expected to stay the biggest contributors for FY25/26 earnings.

“While the mean to semipermanent outlook for the wide market remains positive, we whitethorn spot volatility successful the abbreviated tally with the marketplace responding successful either direction. Keeping this successful view, the existent setup is simply a ‘Buy connected Dips’ market. Hence, immoderate marketplace correction connected relationship of planetary challenges volition beryllium an accidental to adhd to the equity investment,” Axis Securities said.

It recommends investors to stay invested successful the marketplace and support bully liquidity (10%) to usage immoderate dips successful a phased mode and physique a presumption successful high-quality companies (where the net visibility is rather high) with an concern skyline of 12-18 months.

In its bull case, Axis Securities values Nifty astatine 22x, which translates into a March 2025 people of 27,000. While its carnivore lawsuit people for Nifty is 19,700.

In its apical picks, Axis Securities has recommended 10 largecap stocks to buy, 3 midcap stocks and 3 smallcap stocks. Below are Axis Securities’ apical banal picks:

Nestle India | Target Price: ₹2,880

State Bank of India | Target Price: ₹1,010

Bharti Airtel | Target Price: ₹1,650

TVS Motor Company | Target Price: ₹2,700

Cholamandalam Investment & Finance Company | Target Price: ₹1,575

HCL Technologies | Target Price: ₹1,650

Lupin | Target Price: ₹1,785

Westlife Foodworld | Target Price: ₹980

J Kumar Infraprojects | Target Price: ₹920

Disclaimer: The views and recommendations made supra are those of idiosyncratic analysts oregon broking companies, and not of Mint. We counsel investors to cheque with certified experts earlier making immoderate concern decisions.