As Indian stock markets face heightened volatility and steep declines, identifying fundamentally strong stocks becomes essential for long-term wealth creation. According to top brokerage firms, select stocks with robust fundamentals and sector tailwinds offer attractive entry points even in a falling market.
Here are 5 stocks that Axis Securities Ltd has recommended with a Buy rating, based on technical levels and long-term growth potential:
1. Sumitomo Chemical India Ltd
Current Price: Rs 651.45
Buy Range: Around Rs 652
Target Price: Rs 755
Stop Loss: Rs 620
Sumitomo Chemical, a leading agrochemical player in India, is considered well-positioned due to its deep market presence and product pipeline. Brokerages suggest it could deliver healthy returns from current levels.
2. Sudarshan Chemical Industries Ltd
Current Price: Rs 1,449
Buy Range: Rs 1,425–1,439
Target Price: Rs 1,565
Stop Loss: Rs 1,404
Sudarshan Chemical, known for its pigment and color solutions, has strong future growth potential. Analysts believe its positioning and product demand make it a solid buy in a volatile market.
3. Chemcon Speciality Chemicals Ltd
Current Price: Rs 243.4
Buy Range: Rs 238–240
Target Price: Rs 285
Stop Loss: Rs 225
Chemcon operates in the speciality chemicals sector, which continues to see robust demand. Brokerages expect the stock to benefit from ongoing industry tailwinds.
4. Star Cement Ltd
Current Price: Rs 241.41
Buy Range: Rs 237–239
Target Price: Rs 263
Stop Loss: Rs 231
Star Cement is viewed as a stable player in the infrastructure and cement segment. Analysts see this as a tactical entry point given the stock's valuation and long-term growth outlook.
5. PB Fintech Ltd (Policybazaar & Paisabazaar Operator)
Current Price: Rs 1,801.4
Buy Range: Rs 1,802–1,820
Target Price: Rs 2,015
Stop Loss: Rs 1,755
PB Fintech, a leader in the digital insurance and lending space, is well-positioned to capitalise on India’s growing fintech penetration. Analysts remain bullish on the company's long-term growth story.
Disclaimer: These investment recommendations are based on brokerage reports and do not reflect the views of this publication. Investors are advised to consult financial advisors before making any investment decisions.