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.
Axis Securities' June top picks include retail-relevant names D-Mart (30% upside on store expansion, margin resilience), Eternal/Zomato (43% upside on quick commerce traction), Nestle, LG Electronics and Chalet Hotels alongside BFSI and telecom plays.
Why this matters
Brokerage conviction on D-Mart reinforces the offline value-retail thesis even as Zomato's quick commerce gets a higher upside tag, signalling investor appetite across both physical and digital retail formats.
Retail-company signals steady at 1,624 over the past 90 days, indicating sustained sector attention.