Axis Securities backs D-Mart, Zomato in June top picks; sees 30-44% upside
Axis Securities' June top-15 list features retail-heavy bets: Avenue Supermarts (~30% upside on store expansion and margin resilience), Eternal/Zomato (43-44% on quick commerce traction), plus Nestle, LG Electronics and Chalet Hotels. BFSI and telecom names ICICI Bank (35%) and Bharti Airtel (38%) round out the medium-term picks.
What happened
Avenue Supermarts (DMart) · Axis Securities' June top picks include retail-relevant names D-Mart (30% upside on store expansion, margin resilience),
Key facts
- ~30% upside D-Mart
- 43-44% upside Eternal
- 38% upside Airtel
- 35% upside ICICI
Why this matters
With brokers spotlighting quick commerce traction and value retail durability, monitor M&A and partnership opportunities in last-mile logistics and private-label categories that bridge both formats.