Shares to Buy:  Axis Securities positive on midcap, smallcap scrips

Written by: Ankur Gupta

Ankur Gupta

Jul 04,2024

Are you looking for midcap and smallcap investment ideas from a short-term perspective?

Here are six stocks that Axis Securities is positive on for the current month.

These stocks range from sectors such as financial services, capital goods, and pharmaceuticals.

Axis 'overweight' on two pharma majors

The brokerage has an 'overweight' rating on the two major pharma sector stocks Aurobindo Pharma and Lupin.

Aurobindo Pharma Ltd

Axis Securities has a short-term target of Rs 1,330 on Aurobindo Pharma which implies an upside potential of 10 per cent.

Lupin Ltd

For Lupin, the brokerage has a short-term target of Rs 1,785.

Federal Bank Ltd

Axis Securities has an 'equal-weight' rating on Federal Bank shares with a target of Rs 205 which implies an upside potential of 16 per cent.

Overweight rating on consumer discretionary

Axis Securities has an 'overweight' rating on two small cap category consumer discretionary stocks, CIE Automotive India and Westlife Foodworld. The brokerage has short term targets of Rs 630 and Rs 980, respectively.

Brokerage positive on JKIL

The company that mines copper ore has given 254.23% returns in the 1-year period. Its stock closed trading on Monday at Rs 377.45.