35 High-Conviction Stocks to Buy from 11 Sectors: Axis Securities' Q2 Picks

Axis Securities has released a comprehensive list of 35 high-conviction stock ideas spanning 11 sectors after the second-quarter results. These picks are based on the brokerage’s view on India’s strongest structural themes, such as formalisation, consumption, credit growth, energy transition, and manufacturing revival. The list is designed to help investors identify the most promising opportunities for FY26.

Axis Securities remains particularly constructive on the real estate sector, backed by rising pre-sales, stronger balance sheets, and a growing momentum in premium housing. Its top picks in this sector include Prestige Estates Projects and Signature Global, both of which are benefiting from a sustained demand recovery and aggressive expansion plans.

In the building materials sector, the brokerage highlights strong pricing power and improving volumes. It prefers Cera Sanitaryware, which is capitalising on premiumisation in home products, and Greenply Industries, which is leveraging consolidation in the plywood segment.

For the metals and mining sector, Axis sees steady demand visibility from infrastructure, auto, and construction. Its top calls include APL Apollo Tubes, India’s largest structural steel tube maker, and Hindalco, supported by global aluminium recovery and the expansion of its subsidiary, Novelis.

In the power and utilities sector, the brokerage continues to favour companies with visibility on renewables, capex, and regulated returns. Its preferred names include NTPC, which is adding green capacity; JSW Energy, which is scaling up storage and renewables; and Skipper, a key supplier of transmission structures.

Financials form the largest basket of Axis Securities’ picks, where it sees superior deposit franchises and stable credit demand. The seven picks in this sector include HDFC Bank, Kotak Mahindra Bank, SBI, Federal Bank, Ujjivan Small Finance Bank, Bajaj Finance, and Shriram Finance, reflecting confidence across both lenders and NBFCs.

In the IT services sector, the brokerage highlights stable deal pipelines and improving tech budgets in FY26. Its preferred names are LTIMindtree, Persistent Systems, and Coforge, all with strong exposure to digital, cloud, and BFSI clients.

For the telecom sector, Axis keeps it simple with a single conviction idea: Bharti Airtel. The brokerage sees Bharti Airtel benefiting from tariff hikes, 5G monetisation, and premium ARPU growth.

In the cement, chemicals, and FMCG sectors, Axis is bullish on cement, expecting volume expansion and margin recovery. Its picks include UltraTech, Ambuja, Dalmia Bharat, and JK Lakshmi. In chemicals and midcaps, its view spans six names such as Aarti Industries, Pitti Engineering, VA Tech Wabag, and Gravita. In FMCG, it highlights the resilience of Nestlé India, Britannia, and the fast-growing DOMS Industries.

Finally, in the retail sector, Axis Securities points to sustained recovery in discretionary demand and improving store productivity. Its top picks in this sector are expected to benefit from these positive trends, making them attractive investment opportunities.

Overall, Axis Securities' high-conviction stock picks across 11 sectors offer a diversified portfolio for investors looking to capitalize on India's growing economic momentum and structural shifts.