Axis Securities picks MGL, HDFC Bank among top 15 picks with upside potential of up to 30% - Axis Securities’ Top Stock Picks for FY26

As Indian equities navigate a shifting macroeconomic environment, Axis Securities has reiterated its confidence in the country’s long-term growth trajectory. The brokerage has maintained its Nifty target of 25,500 for March 2026, supported by expectations of robust earnings growth, favourable structural reforms such as GST 2.0, and improved credit and consumption momentum.Despite short-term volatility and earnings revisions in Q1FY26, Axis Securities sees upside potential driven by rural demand recovery, government spending, and a likely earnings upgrade from Q3FY26. Against this backdrop, Axis Securities has released its list of top stock picks across Large Cap, Mid Cap, and Small Cap segments, with upside potential of up to 30% Axis Securities’ Top Stock Picks for FY26