5 smallcap stocks with upside potential of up 32%. How many do you have?
· Business · Economic Times, Yahoo Finance
Axis Securities has raised its December 2026 Nifty target to 27,360, backed by strong macroeconomic fundamentals, government capital expenditure, and GST 2.0 reforms. The brokerage forecasts Nifty earnings to grow at a 13 percent compound annual growth rate over the FY23-FY28 period to support medium-term market returns. Alongside this market outlook, the brokerage identified five small- and midcap stocks with estimated upside potential. The highlighted companies include Chalet Hotels with a target price of Rs 1,000, Healthcare Global Enterprises with a target price of Rs 820, and Minda Corporation with a target price of Rs 815. Additional selections feature City Union Bank with a target price of Rs 280, alongside other prominent industry players.
Why it matters
This market update provides retail investors and analysts with strategic stock recommendations and growth projections for Indian equities amid positive domestic economic fundamentals.
Read the original report — Economic Times
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