Bharti Airtel, HDFC Bank Among Top 15 Stock Picks from Axis Securities for June
Axis Securities has highlighted 15 stocks from 8 sectors as top picks for June 2025. The brokerage sees market consolidation but remains optimistic about India’s FY26 growth outlook, driven by strong domestic fundamentals and supportive policies.
Axis SecuritiesBharti AirtelHdfc BankStock PicksMarket OutlookReal Estate NewsJun 02, 2025
In the financial sector, Axis expects robust earnings growth, driven by strong credit expansion and a healthy Q4FY25 performance. ICICI Bank, currently trading at a 12-month forward PE of 19.2x, is seen delivering a 14% upside to its target price of Rs 1,650. State Bank of India, with a forward PE of 6.6x, offers a 26% return potential, targeting Rs 1,025. HDFC Bank, expected to reach Rs 2,250, offers a 16% upside and a 2.7% dividend yield. Shriram Finance rounds out the pack, with a 24% upside to its Rs 790 target, trading at just 11.5x forward earnings.
Under consumer staples, Varun Beverages is highlighted as a high-growth stock with a 37% upside to its Rs 650 target, despite trading at 52.7x forward earnings. Avenue Supermarts, with a dominant retail footprint, is expected to deliver a 19% upside to Rs 4,770, despite its premium valuation at 92.8x PE. Colgate-Palmolive (India), offering a 2.4% dividend yield, is seen providing a 15% upside to Rs 2,830, supported by strong brand positioning and profitability.
In the communication services sector, Bharti Airtel stands out as a top pick, with a target price of Rs 2,200, indicating a 19% upside from its current price of Rs 1,856. The brokerage sees the telecom major benefiting from India’s rapid digital transformation and rising average revenue per user (ARPU), reinforcing its position as a quality large-cap in a duopolistic market structure.
Under consumer discretionary, Hero MotoCorp is forecast to deliver a 17% upside to its Rs 5,030 target, supported by a recovery in vehicle sales and a moderate forward PE of 16.3x. Sansera Engineering, newly added to the portfolio, is expected to rise 16% to Rs 1,580, driven by strong macro visibility and industrial demand tailwinds.
In the healthcare sector, Lupin is projected to rally 28% to Rs 2,500, supported by margin expansion and a forward PE of 23.1x. Max Healthcare Institute, trading at a premium 75.1x PE, reflects its growth premium and is expected to offer a 17% return to its Rs 1,315 target.
Prestige Estates Projects is the sole real estate stock in Axis' top picks, with a target price of Rs 1,850, implying a 26% upside from the current Rs 1,467 level. The brokerage maintains a selective bullish view on the sector, supported by long-term housing demand trends and continued urban expansion.
APL Apollo Tubes is the preferred materials-sector stock, seen benefiting from India’s ongoing capex cycle and infrastructure thrust. Currently trading at Rs 1,812, the stock has a target price of Rs 2,025, indicating a 12% upside, with a forward PE multiple of 37.5x reflecting strong investor confidence.
Kalpataru Projects International is the brokerage’s top industrial pick, aligned with its tilt toward execution-focused, capex-driven plays. With a forward PE of just 8.0x and a 2.5% dividend yield, the stock is expected to rise 19% to Rs 1,350, backed by an improving order book and robust project execution outlook.
These stock picks reflect Axis Securities’ strategic focus on sectors with strong growth potential and companies with solid fundamentals, positioning investors to capitalize on India’s economic momentum in FY26.
Frequently Asked Questions
What sectors are covered in Axis Securities' top stock picks for June 2025?
Axis Securities has highlighted 15 stocks across 8 sectors, including financials, consumer staples, communication services, consumer discretionary, healthcare, real estate, materials, and industrials.
Which bank is expected to deliver the highest return according to Axis Securities?
State Bank of India is viewed as attractively valued at 6.6x PE, offering a 26% return potential with a target of Rs 1,025.
What is the target price for Bharti Airtel and the expected upside?
Bharti Airtel has a target price of Rs 2,200, indicating a 19% upside from its current price of Rs 1,856.
Which consumer staples stock is expected to deliver the highest upside?
Varun Beverages is highlighted as a high-growth stock with a 37% upside to its Rs 650 target.
What is the expected return for Kalpataru Projects International?
Kalpataru Projects International is expected to rise 19% to Rs 1,350, backed by an improving order book and robust project execution outlook.
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