Axis Securities picks 6 small, midcap stocks that can rally up to 36%. How many are in your portfolio?

Domestic brokerage firm Axis Securities has pegged the Nifty target for December 2026 at 27,220, an upside of 12.5% from current levels. It says the Indian economy remains well-positioned for sustained growth, acting as a relative safe haven amid global economic volatility. Here are 6 small, midcap stocks that the brokerage is bullish on.

Ujjivan Small Finance Bank

With a target price of Rs 78, Axis implies an upside of 20% from current market levels. It is a leading and diversified SFB that transitioned from a NBFC (Ujjivan Financial Services) in February 2017. The bank primarily serves low and middle-income individuals and businesses in metro and urban areas with limited or no access to formal banking and financial services.

Axis has assigned a target price of Rs 1,000, implying an upside of 19% from current market levels. It is a leading owner, developer, and asset manager of high-end hotels in India, primarily operating in key metro cities such as Mumbai, Hyderabad, Bengaluru, and Pune. The company’s portfolio comprises luxury and upper upscale hotels managed by renowned global brands like Marriott, Westin, and Four Points.

The company has a target price of Rs 785, an upside of 12% from the previous close. It is a major technology-driven manufacturer of automotive components and systems for both domestic and global original equipment manufacturers (OEMs). It is the flagship company of the Spark Minda Group and a leading supplier of mechatronic products, wiring harnesses, and vehicle access systems.

Healthcare Global Enterprises

With a target price of Rs 750, the brokerage forecasts upside potential of 12.2% from current levels. The company has strategically positioned itself as India’s foremost pure-play oncology powerhouse, commanding a network of nearly 22 Comprehensive Cancer Centers (CCCs) and dedicated infusion facilities across the nation.

With a target price of Rs 2,430, Axis forecasts upside of 36% from current levels. The company has emerged as one of the fastest-growing players in the Indian cement sector. It holds a 5% share of India's cement capacity in its operational areas. DBL boasts a total cement production capacity of 54.7 million tonnes per annum (mtpa), a clinker capacity of 30.4 mtpa, and a power generation capacity of 397 MW, including waste heat recovery systems (WHRS) and solar power.

With a target price of Rs 2,250, the brokerage has predicted an upside of 23% from current levels. It is India's largest branded manufacturer of structural steel tubes, commanding ~65% share of the organised domestic market.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)