Axis Securities has identified three promising stocks with an upside potential of up to 21 percent. Backed by strong fundamentals, strategic growth plans, and sectoral tailwinds, these stocks present attractive investment opportunities. The brokerage highlights robust earnings outlooks and long-term value creation as key reasons for recommending these picks to investors.
Here are a few stocks recommended by Axis Securities with a high growth potential of up to 21 percent:
Cera Sanitaryware Limited
With a market capitalization of Rs. 9,088.70 crore, the shares of Cera Sanitaryware Limited closed at Rs. 7,046.85 per equity share, up nearly 1.71 percent from its previous day’s close price of Rs. 6,928.30.
Axis Securities, a prominent brokerage firm, has recommended a “Buy” call on Cera Sanitaryware Limited with a target price of Rs. 8,500 per share, indicating an upside potential of 20.62 percent.
Axis Securities remains optimistic on Cera Sanitaryware, expecting Revenue, EBITDA, and PAT to grow at a CAGR of 10 percent, 9 percent, and 9 percent, respectively, from FY24 to FY27. The company is targeting Rs. 2,700 crore in revenue by FY27, driven by its relaunch of the Senator brand and expansion of the Luxe line, both expected to contribute around 10 percent of total revenue over the next three years.
Cera Sanitaryware’s strong presence in real estate projects, contributing 38 percent of revenue, and its focused expansion into Tier 2 and Tier 3 cities continue to support steady growth. Strategic investments in innovation, high-margin product segments, and capacity expansion further reinforce its long-term growth outlook.
Greenply Industries Limited
With a market capitalization of Rs. 4,109.19 crore, the shares of Greenply Industries Limited closed at Rs. 329.05 per equity share, up nearly 2.72 percent from its previous day’s close price of Rs. 320.35.
Axis Securities, a prominent brokerage firm, has recommended a “Buy” call on Greenply Industries Limited with a target price of Rs. 385 per share, indicating an upside potential of 17 percent.
Axis Securities maintains a positive outlook on Greenply Industries Limited, projecting a strong growth trajectory with Revenue, EBITDA, and PAT expected to grow at a CAGR of 12 percent, 20 percent, and 40 percent, respectively, from FY24 to FY27E. The company is operating at a robust 75 percent capacity utilization in FY25 and is targeting 85–90 percent by FY26, reflecting strong demand visibility across segments.
Additionally, Greenply is expanding its MDF product range by introducing value-added solutions like flooring, which is expected to drive better realisations. The Rs. 100 Cr Greenply–Samet joint venture marks its entry into the Rs. 5,000 Cr furniture hardware market, aiming for revenue of Rs. 125–150 Cr by FY26–27, further enhancing its growth potential.
Astral Limited
With a market capitalization of Rs. 40,530.26 crore, the shares of Astral Limited closed at Rs. 1,508.75 per equity share, up nearly 1.07 percent from its previous day’s close price of Rs. 1,492.80.
Axis Securities, a prominent brokerage firm, has recommended a “Buy” call on Astral Limited with a target price of Rs. 1,680 per share, indicating an upside potential of 11.35 percent.
Axis Securities holds a positive view on Astral Limited, highlighting its strategic domestic and international expansion. The company is strengthening its position through new product launches, robust margins (around 18 percent in the pipes segment), and ongoing capacity additions across India. International offices and growing exports are expected to be key drivers of future growth.
Despite near-term volume softness due to external factors, Astral’s diversified product portfolio, focus on cost efficiency, and planned capex of Rs. 250–300 Cr in FY26 provide a strong foundation for sustainable growth. These initiatives position the company well for long-term value creation and reinforce its market leadership.
Written By – Nikhil Naik
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