Axis Securities has released its top ten stock picks for Samvat 2083, projecting gains of up to 22% across a diversified basket of names. The brokerage’s most aggressive call is on DCB Bank, carrying a 'buy' rating and a target price of ₹240. That figure implies a 20% upside from the current market level. The thesis rests on the lender entering the second half of FY27 with visible operating leverage and a clear path to sustained 1%-1.05% return on assets. Axis Direct expects credit, deposit, and net interest income growth to compound at 19%, 18%, and 19% respectively over FY26-29. This steady trajectory suggests the bank can maintain a 14%-15% return on equity while keeping asset quality indicators healthy.
The IT services sector gets a nod through Coforge, where the brokerage sees an 18% runway to a ₹2,245 target. The firm credits Coforge’s recent raise in FY27 EBIT margin guidance to 16% from 15.5% as a signal of improving operating leverage. This shift is driven by AI-led productivity gains and a robust order book in BFSI and travel verticals. Historically, Coforge has delivered a 26% compound annual growth rate in revenue and EBIT over the last six years. The brokerage argues this momentum is sustainable, underpinned by strong client additions and a premium product mix. It’s not just about volume; it’s about margin expansion in a sector often criticized for stagnation.
Beyond banking and tech, the list leans heavily into consumption and infrastructure. Indian Hotels Company (IHCL) lands a ₹900 target, a 15% move, despite a muted year for its Taj-SATS joint venture due to geopolitical air travel disruptions. IHCL’s core strength lies in tier-1 city occupancy and new hotel openings, with revenue expected to grow 17% in FY27. EBITDA margins are projected to hit 34.4%, rising to 35% in FY28. Similarly, Ashok Leyland draws a ₹170 target, implying 17% upside. The driver here is the replacement cycle for 10-year-old truck fleets and GST 2.0 infrastructure demand. Management forecasts high single-digit growth in MHCVs, supported by premiumization and defence contracts.
Nephrocare Health Services rounds out the top picks with a ₹710 target, a 19% gain. The logic is straightforward: rising dialysis demand and hospital outsourcing. However, the brokerage flags high working-capital needs and execution risks in new markets as key monitorables. Eternal, the quick-commerce player, also makes the cut with a ₹365 target and 15% upside. Axis Direct notes that while EBITDA margins may stay flat near-term due to aggressive discounting for customer acquisition, the long-term play is on user engagement and absolute EBITDA growth. These investments are strategic, positioning the company for a sharper earnings curve later.
Traders should mark their calendars. The Muhurat Trading session for Samvat 2083 is scheduled for Sunday, November 8, 2026. Pre-open trading runs from 2:05 pm to 2:20 pm, with the main trading hour from 2:20 pm to 3:30 pm. The closing auction for eligible securities will occur between 3:20 pm and 3:35 pm. With these ten names primed for potential double-digit gains, the Diwali session could see significant volume in these specific tickers. The market is watching.