SBI, HDFC Bank among Axis Securities 15 stocks to buy in 2026 for up to 54% upside
January 2026 is poised to see significant IPO activity, with five major offerings totaling approximately Rs 18,000 crore expected to test investor appetite. These include prominent companies in AI, renewable energy, coal, lending, and hospitality, signaling a potentially active start to the year for India's primary market.
Written by
, ETMarkets.com|
Jan 02, 2026, 09:32:04 AM IST
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Potential winners
With most significant events now behind and majority of negative concerns regarding earnings already factored into the price, Axis Securities sees 2026 better than 2025. The domestic brokerage has picked 15 stocks for the new year, which it sees as potential winners with an upside up to 54%. Take a look!
ETMarkets.com
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Nifty target
Axis Securities maintains the December 2026 Nifty target at 28,100, valuing it at 20X on December 2027 earnings. It foresees Nifty earnings posting excellent growth of 13% CAGR over FY23-28. Financials will remain the biggest contributors to FY26/27 earnings. In the bull case, Nifty is valued at 21X, translating into a December target of 29,500.
ETMarkets.com
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Key monitorables in 2026
Markets will closely monitor global events including developments in US government policies and negotiations, global AI investment and further rate cuts by the US Fed based on growth and inflation dynamics. The direction of currency and oil prices also remains a key lever.
ETMarkets.com
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Key risks
Trade policy uncertainty, rupee depreciation, and delay in earnings revival remain key risks to near-term market multiples.
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Largecap stocks to buy
-- Buy Bajaj Finance at Rs 987 | Target: Rs 1,200 | Upside 22%
-- Buy SBI at Rs 982 | Target: Rs 1,135 | Upside: 16%
-- Buy HDFC Bank at Rs 991 | Target: Rs 1,170 | Upside: 18%
-- Buy Bharti Airtel at Rs 2,106 | Target: Rs 2,530 | Upside: 20%
-- Buy Avenue Supermarts at Rs 3,782 | Target: Rs 4,960 | Upside: 31%
-- Buy Max Healthcare Institute at Rs 1,045 | Target: Rs 1,400 | Upside: 34%
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