Axis Securities has released its July stock picks for India, highlighting promising mid-cap and small-cap companies such as Lupin, Max Healthcare, and Kalpataru Projects. The brokerage sees strong upside driven by recovering market trends, better earnings visibility, and domestic macroeconomic stability.
Mumbai-based Axis Securities, a subsidiary of Axis Bank and a prominent brokerage house in India, has released its list of recommended mid-cap and small-cap stocks for July 2025, highlighting growth potential across various sectors as the domestic market continues to recover.
According to Axis Securities, the Indian stock market has shown steady signs of recovery since March 2025. The Nifty 50 has climbed 15%, while the Mid-Cap and Small-Cap indices have surged 25% and 29% respectively since the lows of February. In June alone, the Small-Cap index rose by 5.7%, the Mid-Cap by 4%, and the Nifty 50 by 3.1%.
Axis Securities emphasized that the current risk-reward profile favors mid and small-cap stocks. The brokerage is focusing on companies with strong earnings visibility, quality business models, and exposure to domestic consumption.
Top Picks for July:
- Lupin Ltd (CMP: ₹1,938; Target: ₹2,500)
Lupin, a global pharmaceutical company headquartered in Mumbai, is expected to benefit from recent product launches in complex generics. Products like Darunavir and Spiriva have captured significant market share in the US. The company is also set to benefit from new introductions such as Tolvaptan and Xyway. - Max Healthcare Institute Ltd (CMP: ₹1,276; Target: ₹1,450)
Max Healthcare, a leading healthcare provider in India, is witnessing consistent growth in its institutional and international patient segments. Margin pressures from new hospitals are expected to ease with operational scaling. - Colgate-Palmolive (India) Ltd (CMP: ₹2,407; Target: ₹2,830)
Colgate is focusing on premium product launches and rural penetration. The firm’s long-term strategy and attractive valuation post recent price corrections make it a solid defensive pick. - Prestige Estates Projects Ltd (CMP: ₹1,657; Target: ₹1,900)
Prestige Estates, a major real estate developer, plans new project launches worth ₹42,000 crore in FY26, aiming to drive a 65% YoY increase in pre-sales despite underperformance in FY25 due to regulatory delays. - APL Apollo Tubes Ltd (CMP: ₹1,739; Target: ₹2,035)
APL Apollo, a steel product manufacturer, plans to scale capacity to 10 million tonnes per annum by FY30. It trades at a 38x forward P/E with a long-term growth focus. - Kalpataru Projects International Ltd (CMP: ₹1,227; Target: ₹1,350)
Kalpataru, operating in engineering and infrastructure, is expected to see strong revenue growth on the back of a healthy order book and better performance from international subsidiaries. - Sansera Engineering Ltd (CMP: ₹1,380; Target: ₹1,580)
Sansera, a precision component manufacturer, is set to grow its revenue and profitability due to its shift towards premium non-auto products and increased operating efficiency.
Axis Securities believes the current market environment provides a conducive backdrop for these stocks, especially as India approaches FY26 with improved earnings outlook and favorable macroeconomic indicators.
