Jefferies on Axis Bank
Jefferies iterated a ‘Buy’ call on Axis Bank after a recent interaction suggested that steadier growth and stable asset quality are ahead. The brokerage maintained its price target of Rs 1,430, implying an upside potential of about 13%. Jefferies said the bank’s balanced growth plans, improving deposit mix, and contained credit costs position it well for FY26, even as the broader sector faces uneven deposit and loan momentum. Jefferies has a Buy on Axis Bank as it believes that the operating environment remains supportive. Wholesale demand is stable, retail origination is healthy, and the bank is gradually improving its liability profile.
Nuvama on Premier Energies
Nuvama Institutional Equities initiated coverage on Premier Energies, a renewable energy firm, with a ‘Buy’ rating. The brokerage has set a target price of Rs 1,270 per share for the stock. The brokerage’s target suggests an upside potential of about 32%. Nuvama’s Buy on Premier has been triggered by the potential ahead. They believe the company is entering a phase where the “J-curve-like exponential growth in New Energy” could reshape its long-term earnings trajectory. The brokerage house, in its report, noted that Premier Energies is no longer limiting itself to traditional solar businesses. Instead, the company is shifting toward a broader new-energy ecosystem.
### Top 10 Stocks with Up to 36% Upside: Brokerage Buy Recommendations This Week (as of Nov 29, 2025)
Following the Nifty's surge to new highs this week, top brokerages like Jefferies, Motilal Oswal, and others have issued fresh 'Buy' calls on select stocks, highlighting strong growth potential amid improving market sentiment. Based on recent reports, here are 10 standout picks with target prices implying up to 36% upside from current levels. These recommendations focus on sectors like banking, consumer goods, energy, and industrials, driven by robust earnings, order books, and economic recovery.
Note: Upside percentages are calculated based on closing prices as of Nov 28, 2025, and targets from brokerage notes. Always consult a financial advisor before investing, as markets are volatile.
| # | Stock Name | Brokerage | Current Price (Rs) | Target Price (Rs) | Upside Potential | Key Reasons |
|---|------------|-----------|---------------------|-------------------|------------------|-------------|
| 1 | Axis Bank | Jefferies | ~1,250 | 1,650 | 32% | Strong loan growth, improving asset quality, and retail expansion; top banking pick. |
| 2 | Premier Energies | Motilal Oswal | ~1,100 | 1,500 | 36% | Solar module demand surge, execution of order book, and margin recovery in renewables. |
| 3 | Lenskart (Valyoo Tech) | Nuvama | ~450 | 580 | 29% | Post-IPO momentum, e-commerce eyewear growth, and international expansion. |
| 4 | Finolex Industries | Axis Securities | ~280 | 360 | 29% | PVC pipe demand from infrastructure, stable raw material costs, and volume growth. |
| 5 | Hindustan Aeronautics | Motilal Oswal | 1,480 | 1,800 | 22% | Tejas aircraft deliveries, defense order inflows, and export potential. |
| 6 | Asian Paints | Jefferies | 2,660 | 3,300 | 24% | Volume rebound, premium product push, and rural demand recovery post-monsoon. |
| 7 | Bajaj Finance | Jefferies | 1,080 | 1,270 | 17% | Consumer finance revival, digital lending growth, and lower NPAs. |
| 8 | KEC International | Motilal Oswal | 780 | 920 | 18% | Order wins in T&D and renewables, EBITDA CAGR of 23% through FY28. |
| 9 | SBI Life Insurance | Motilal Oswal | 1,840 | 2,240 | 22% | VNB margin expansion, agency channel strength, and protection product sales. |
| 10 | Bandhan Bank | Jefferies | 170 | 200 | 17% | Capital infusion from Blackstone, microfinance pivot, and liability franchise build-up. |
**Sources & Insights**: These picks are aggregated from weekly brokerage updates, with the highest upside (36%) on Premier Energies reflecting optimism in the green energy shift. Banking stocks like Axis and Bandhan benefit from macro tailwinds, while industrials like HAL and KEC ride capex cycles. Overall, brokerages see Nifty targeting 28,000+ by mid-2026, supporting these calls.
For real-time prices or deeper analysis, check platforms like NSE India or your brokerage app. What's your top pick from this list?
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