As we approach the festive season, Axis Securities have curated a list of stocks that can augur well in the short and medium-term. From Hindustan Unilever to Safari Industries, here are the stock picks for this festive season
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From Hindustan Unilever to SBI Cards, here are Axis Securities' festival unlock picks
By Yashi Gupta | IST (Updated)
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Hindustan Unilever (HUL): Axis Securities said the company's management remains upbeat on growth opportunities across segments.
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Hero MotoCorp: The brokerage said Hero is a key beneficiary of demand revival post the second wave of COVID-19. It also expects the upcoming festive season to bode well for the company.
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SBI Cards: SBIC has a diversified credit card portfolio and is a perfect mix of leveraging its wide range of co-branded cards, Axis Securities said.
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Relaxo Footwear: The brokerage said the medium-term outlook for Relaxo is stable and it can gain higher market shares from unorganised players and presence in e-commerce channels.
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Aditya Birla Fashion and Retail: Axis Securities said the festive season can be positive for the company as there is a strong pent up demand that would drive growth for offline sales as consumers have remained in isolation and shut down for over two years now.
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Safari Industries: Axis Securities said the company is "set to pack and roll as normalcy kicks in." On the back of the festive season, wedding pick up and holiday season, travelling is seeing an improvement and it can augur well for Safari in the luggage industry.