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Axis Securities lists 6 top midcap picks; Check out here

Axis Securities recommends investors to use dips in a phased manner to build a position in high-quality companies with an investment horizon of 12-18 months.

The brokerage has a target price of 2,070 for the stock implying a potential upside of 17%.

As per the brokerage, Polycab continues to maintain its leadership position in the organized cables and wires segment. It sees the stock rising 10% to 3,300 in the next 1 year.

Axis Securities has a target of 170 for the stock, implying an upside of 29%.

The brokerage sees a 24% potential upside for the midcap stocks, target price at 1,450.

The brokerage has a target price of 175 for the auto stock, indicating a potential upside of 18%

Axis sees the stock rising 17% to 1,345 in the next 1 year.

Click here to know more about 
Axis Securities' top picks.

Being the last full-year budget before the Union Election in 2024, it was expected to be a growth-oriented budget. Against this backdrop, the Union Budget 2023-24 indeed lived up to its expectations, said Axis Securities in a note. As per the brokerage, Indian economy stands at a sweet spot of growth and it continues to believe in the long-term growth story of the Indian equity market. While the medium to long-term outlook for the overall market remains positive, it expects volatility in the short run. It recommends investors to use dips in a phased manner to build a position in high-quality companies with an investment horizon of 12-18 months. Here are its top midcap picks for February:

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Axis Securities lists 6 top midcap picks; Check out here

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