The top share of brokerage firm Axis Securities has given 6% return in the last 6 months. Meanwhile, the return of Nifty 50 was 5.5%. Although these top pics fall by 2.7% on the monthly basis, it is less than a decline of NIFTY 50 2.9%. Axis Securities has selected some shares for the month of August as the top pics, which shows the strength for the long term.
Bajaj Finance | Brokerage has given an overweight call for this. The target price is kept at ₹ 1100 per share. This is 25% higher than the current price of the stock. The stock has climbed 29% in a year.
State Bank of India | Brokerage has set a target of ₹ 1025 per share with an overweight rating for the stock. This is 29% more than the current price. The stock has strengthened 30% in 2 years.
Varun Beverages | Brokerage has given an equivalent rating on the stock. The target price is kept ₹ 590 per share, which is 13% more than the current price. The stock has climbed about 60% in 2 years and 13% in a month.
HDFC Bank | This stock also has an equalweight rating and the target price is ₹ 2300. This is 14% higher than the current price of the stock. The stock has strengthened 22% in a year.
Bharti Airtel | Axis Securities has set an overweight call for the stock and a target price of ₹ 2330 per share. This indicates an increase of 22% from the current price. The stock has climbed 111% in 2 years and 25% in a year.