Written by: Ankur Gupta
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.
For Lupin, the brokerage has a short-term target of Rs 1,785.
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.
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.
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.