Axis Direct picks 5 smallcap stocks with up to 40% upside
After eight consecutive weeks of market losses, Axis has identified five small-cap stocks offering up to 40% upside following the sharp correction.
The Indian stock market has hit a record low, with eight consecutive weeks of declines, surpassing previous crashes in 2020 and 2008. Axis Direct, a leading brokerage firm, has identified five smallcap stocks with significant upside potential following the sharp correction.
Axis Direct, a prominent player in the hospitality sector, operates numerous high-end hotels in major Indian cities, including Mumbai, Hyderabad, Bengaluru, and Pune. The company's target price of Rs 1,000 suggests a 19% upside from current market levels.
Another company, Oncology Health Care Ltd, operates a network of nearly 22 Comprehensive Cancer Centers (CCCs) and infusion facilities across India. With a target price of Rs 820, the brokerage forecasts a 23% upside potential from the current level.
Tech Mahindra, a major technology-driven manufacturer of automotive components and systems, is the flagship company of the Spark Minda Group. The brokerage has assigned a target price of Rs 815, indicating an 18% upside from the previous close.
CUB Technologies, a pan-India franchise with over 1,000 branches, primarily focuses on MSME lending, gold, agriculture, retail, and other business loans. The brokerage has set a target price of Rs 1,425, reflecting a 40% upside potential from current levels.
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