Axis Securities backs DMart, Eternal, Varun Beverages in top 15 picks with 17-36% upside
Axis Securities' top 15 stock picks feature retail and consumer names including DMart (target Rs 5,270, 20% upside), Eternal/Zomato (Rs 360, 36%), Varun Beverages (Rs 630, 24%), Nestle India (Rs 1,640, 17%) and LG Electronics India (Rs 1,815, 17%). The brokerage favors earnings quality over broad rallies, with a 12-18 month horizon and Nifty Dec 2026 target of 27,220.
What happened
Avenue Supermarts (DMart) · Axis Securities' top 15 stock picks include Indian retail/consumer names DMart, Eternal (Zomato), Varun Beverages, Nestle India, LG
Key facts
- Avenue Supermarts target Rs 5,270, 20% upside
- Eternal target Rs 360, 36% upside
- Varun Beverages Rs 630, 24%
- Nestle India Rs 1,640, 17%
- LG Electronics India Rs 1,815, 17%
- Chalet Hotels Rs 1,000, 23%
- Nifty Dec 2026 target 27,220
Why this matters
The brokerage's preference for durable earnings compounders over cyclical rallies signals that acquirers should prioritize targets with defensible unit economics rather than pure scale.
What to watch
- Q3 FY26 earnings prints for DMart, Eternal, Varun Beverages, Nestle
- Eternal/Zomato quick-commerce EBITDA breakeven timeline
- Rural vs urban consumption demand indicators and monsoon impact
- FII/DII flow rotation into consumer staples vs discretionary
- Any Nifty target revisions signaling macro thesis change
- Cross-check other brokerage targets on the same names for consensus divergence
- Model quick-commerce profitability path for Eternal given the 36% upside is the highest-conviction/highest-risk call
- Track DMart same-store sales and footfall vs online grocery encroachment
- Watch for VBL summer-season volume guidance and franchise expansion updates