8 Largecap stocks that could give upto 40% returns

Axis Securities has identified eight large-cap stocks with strong growth potential, predicting gains of up to 40%. Here’s a breakdown of the stocks and their expected upsides:

ICICI Bank
Current price: ₹1,431
Target price: ₹1,650
Expected upside: 15%
ICICI Bank is projected to maintain strong business growth with controlled expenses and stable asset quality.

SBI
Current price: ₹791
Target price: ₹1,025
Expected upside: 30%
SBI’s robust loan-to-deposit ratio and expanding retail and SME credit are expected to drive growth.

Varun Beverages
Current price: ₹539
Target price: ₹650
Expected upside: 21%
Expansion into new markets and acquisitions are key growth drivers for Varun Beverages.

HDFC Bank
Current price: ₹1,942
Target price: ₹2,250
Expected upside: 16%
HDFC Bank is expected to regain pre-merger performance levels with strong execution.

Shriram Finance
Target price: ₹750
Expected upside: 20%
Shriram Finance’s diversified lending portfolio and steady asset quality support its growth potential.

Bharti Airtel
Target price: ₹1,050
Expected upside: 25%
Bharti Airtel’s strong operational performance and increasing market share bolster its outlook.

Bajaj Auto
Target price: ₹6,500
Expected upside: 22%
Bajaj Auto benefits from a solid product pipeline and sustained demand growth.

Maruti Suzuki
Target price: ₹12,500
Expected upside: 19%
Maruti Suzuki’s demand recovery and new model launches position it for significant upside.