SBI to Airtel: These 5 Stocks May Offer Strong Return Potential

The market is fragile owing to Middle East tensions. Sensex and Nifty remain in the negative. Don't worry—top broking company Axis Securities has selected several reputable equities that might yield tremendous rewards.

SBI

SBI, India's largest public sector bank, remains a top choice for investors. Axis Securities has set a target price of ₹1,350 for it. As of Friday noon, the share was trading at ₹1,089. The brokerage believes SBI will directly benefit from India's growing economy and rising loan demand. Investing now could mean a potential upside of about 26%.

Bharti Airtel

Bharti Airtel holds a strong position in the telecom sector. The brokerage has given it a target price of ₹2,530. Currently, the share is trading at ₹1,832.90. According to the brokerage, investing in a stable sector like telecom is a smart move amid global uncertainty. Experts see a potential jump of around 34% in this stock.

Axis Securities

In the consumer segment, Axis Securities' favourite pick is 'Eternal'. They have set a target price of ₹360 for this share. Right now, it's trading at ₹254.31. The brokerage says that even if the market is a bit choppy, companies with good quality and consistently growing earnings always win. This stock is expected to deliver a profit of up to 46%.

Bajaj Finance

Bajaj Finance is a trusted name in the finance sector. Axis Securities has given it a target of ₹1,160. The share is currently at ₹955. The brokerage points out that the company has a fantastic retail network and its loan growth is also very stable. This blue-chip share has a potential upside of about 24%.

5 Shares Including SBI and Airtel to Watch

With rising incomes, people are now preferring to buy premium goods. Axis Securities has set a target of ₹1,815 for LG Electronics. The share is currently trading at ₹1,513.60. The brokerage feels that after a recent correction, the stock's valuation has become quite attractive. 

From here, the share could give a return of about 14%. Disclaimer: The information in this article is for informational purposes only and should not be taken as investment advice. Investing in the stock market is subject to risks. Before putting your money in any stock, please consult your financial advisor or a market expert.