Axis Direct selects 10 technical stocks for Samvat 2083
The brokerage has identified several stocks with potential upside of up to 49 per cent over a 12-month period.
Axis Direct has selected 10 technical stocks for Samvat 2083, according to a report by The Economic Times. The selection includes various companies across the pharma, defence, banking, and IT sectors.
Among the picks, SBCL has a current market price (CMP) of Rs 1,036 and a target price of Rs 1,285, suggesting a 49 per cent potential upside. Jyoti CNC Automation Limited has broken above the upper boundary of a descending channel on its quarterly chart.
Other identified stocks include Aurobindo Pharma, which has a CMP of Rs 1,660 and a target price of Rs 2,100, representing a 39 per cent potential upside. State-owned defence major HAL trades at a CMP of Rs 4,870 with a target price of Rs 5,850, offering a 25 per cent upside.
The list features IOLCP, which has a CMP of Rs 957 and a target price of Rs 1,255, implying a 48 per cent potential upside. A private lender with a CMP of Rs 306 has a target price of Rs 395, reflecting a 45 per cent potential upside.
Healthcare stock Dr. Lal PathLabs has a CMP of Rs 1,912 and a target price of Rs 2,285, indicating a 34 per cent upside. Another private lender with a CMP of Rs 459 has a target price of Rs 560, representing a 25 per cent upside.
Tech Mahindra trades at a CMP of Rs 1,770 with a target price of Rs 2,350, showing a 32 per cent upside. Sona BLW Precision Forgings has a CMP of Rs 874 and a target price of Rs 1,070, offering a 34 per cent upside.