Multibagger Stock: Domestic brokerage firm Axis Securities has suggested six stocks that investors can consider buying this festive season. The brokerage expects these stocks to perform well during the festive season due to the demand for their products.
Top festive stock picks of Axis Securities:
HUL:
Giving it a ‘Buy’ rating, the brokerage has set a revised target price of Rs 3,100 (earlier: Rs 2,670).
Hero MotoCorp:
The brokerage expects Heer to continue to dominate the two wheeler industry. Axis Securities has a buy recommendation with a target price of Rs 3,400.
SBI Cards:
Axis Securities has kept a target price of Rs 1,210 per share for this.
Relaxo Footwear:
According to the brokerage, strong operating cash flows, healthy asset turn (3x), continued improvement in EBITDA margins and efficient working capital are extremely positive from a long-term perspective. For this, it has been recommended to buy with a target price of Rs 1,290 per share.
Aditya Birla Fashion & Retail:
Axis Securities has given ‘Buy’ rating to this stock and has kept SOTP based target price of Rs 250 per share for this.
Safari Industries
The brokerage, while continuing with the buy rating for this stock, has set a revised target price of Rs 922 per share.
Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)
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