Summary of this article
Axis Securities selected nine stocks for Samvat 2083 trading.
The brokerage expects domestic consumption to drive market growth.
Top stock picks include Indian Hotels, Coforge, and Eternal.
As Samvat 2082 edges towards an end, it marks the conclusion of the financial year according to the Hindu calendar. Investors are now looking forward to the opportunities Samvat 2083 promises to bring. Notably, the outgoing Samvat 2082 was marked by a sense of uncertainty and volatility, as the market grappled with developments ranging from persistent geopolitical tensions and currency depreciation.
Looking into the new year, Axis Securities has projected that the Indian economy will continue to benefit from themes, such as domestic consumption, services activity, infrastructure investment, and a gradual broadening of private sector capital expenditure.
The brokerage is bullish on several key themes for Samvat 2083, which include private banks, discretionary consumption, quick commerce, building material and metals, artificial intelligence (AI)-led transformation, and diagnostics.
Ahead of the Muhurat trading session scheduled for the afternoon of November 8, 2026, here is a look at the stock picks from these sectors which Axis Securities has selected:
DCB Bank
Shares of DCB Bank closed at Rs 201 apiece, up by 1.22 per cent on November 6, 2026 on the NSE. The market capitalisation of the stock stood at Rs 6,501.49 crore. Axis Securities has selected this stock because it expects the bank’s net interest margin (NIM) improvement to be visible from the second half of the current fiscal onwards, as surplus liquidity eases and floating rate loans re-price. The brokerage also expects the bank’s credit growth to remain healthy, mortgages to gain momentum, and productivity gains to help contain cost ratios despite continued network investments.
Nephrocare Health Services
Shares of Nephrocare Health Services closed at Rs 605.95 apiece, up by 0.47 per cent on November 6 on the NSE. The market capitalisation of the stock stood at Rs 6,051.14 crore. Axis Securities has selected this stock citing a projection of strong revenue growth and recurring demand for dialysis treatments. The brokerage also expects the company to benefit from improving profitability, strong international expansion, and its ability to leverage organised market opportunities through hospital partnerships.
Indian Hotels Company
Shares of Indian Hotels closed at Rs 888 apiece, up by 1.49 per cent on November 6 on the NSE. The market capitalisation of the stock stood at Rs 1,26,400.78 crore. Axis Securities has selected this stock citing the company’s leadership in hospitality, diverse brand ecosystem, and scalable growth driven by an asset light model. The company also maintains strong cashflow with a robust balance sheet that limits heavy capital obligations while maximizing return ratios, according to the brokerage firm.
Ashok Leyland
Shares of Ashok Leyland closed at Rs 172.09 apiece, up by 1.10 per cent on November 6 on the NSE. The market capitalisation of the stock stood at Rs 1,01,083.16 crore. Axis Securities has selected this stock because it expects product innovation, network expansion, and consistent pricing and cost savings to support the business. The brokerage also favors the company for its diversification across defence, power solutions, and electric vehicles, alongside a rebound in commercial vehicle replacement demand.
Coforge
Shares of Coforge closed at Rs 2,076 apiece, down by 0.14 per cent on November 6 on the NSE. The market capitalisation of the stock stood at Rs 91,974.82 crore. Axis Securities has selected this stock because of its strong deal pipeline and growing AI capabilities. The firm notes that AI investments are driving delivery efficiency, and synergies from the Encora acquisition are unlocking new cross selling opportunities.
Eternal
Shares of Eternal closed at Rs 363.15 apiece, up by 1.35 per cent on November 6 on the NSE. The market capitalisation of the stock stood at Rs 3,50,452.48 crore. Axis Securities has selected this stock because it believes Blinkit remains a key growth catalyst with aggressive store expansion plans. The brokerage also highlighted the company’s healthy food delivery franchise, scaling of new verticals, and increasing investments in its tech platform and enterprise AI capabilities.
Hindalco Industries
Shares of Hindalco Industries closed at Rs 958.40 apiece, up by 2.19 per cent on November 6 on the NSE. The market capitalisation of the stock stood at Rs 2,15,374.19 crore. Axis Securities has selected this stock because it expects capacity expansion at the Aditya Aluminium smelter to drive long term growth. The brokerage also notes that Novelis margins are expected to be resilient due to the Bay Minette expansion, which helps offset near term volume weakness in the copper segment.
APL Apollo Tubes
Shares of APL Apollo Tubes closed at Rs 2,185.30 apiece, down by 0.41 per cent on November 6 on the NSE. The market capitalisation of the stock stood at Rs 60,676.69 crore. Axis Securities has selected this stock because it expects a recovery in the second half of the year and continued capacity expansion. The company achieved record sales volume performance in the second quarter, and its resilient balance sheet provides a strong cushion against near term market volatility.
Elecon Engineering Company
Shares of Elecon Engineering Company closed at Rs 418.50 apiece, down by 4.43 per cent on November 6 on the NSE. The market capitalisation of the stock stood at Rs 9,401.24 crore. Axis Securities has selected this stock citing the company’s robust order book and strong inflows that are expected to enhance revenue visibility. The gear division continues to drive margin expansion, and the overseas business is strengthening as the company progresses toward its long-term revenue targets, according to the brokerage.
Regarding the broader market outlook for Samvat 2083, Axis Securities said that domestic equities are set to enter the new year following a sharp correction and a period of heightened volatility. The brokerage said that the balance between resilient domestic growth and imported cost pressures will be an important determinant of market performance through the year. Consequently, Axis Securities has advised a constructive but disciplined approach, focusing on buying the right businesses at sensible valuations while monitoring earnings delivery and avoiding speculative concentration.
