Shriram Finance, Blue Star among 4 stocks with up to 20% upside. Here’s why Axis Securities is bullish

1 hour ago 23

Feb 16, 2026, 03:37:04 PM IST

Axis Picks

As domestic markets begin the week on a positive note, ETMarkets highlights four stock ideas recommended by Axis Securities that could deliver gains of up to 20% over the next 3–4 weeks. Shriram Finance is a fundamental pick, while Kirloskar Oil Engines, Blue Star and Astral are technical calls backed by strong momentum and chart patterns.
Here’s what is working in their favour:

Agencies

 10%

2/5

Buy Shriram Finance |Target: Rs 1,172 | Upside: 10%

Buy around: Rs 1,066
Axis Securities recommends the stock as a fundamental buy, citing a strong NIM profile supported by rating upgrades. The NBFC reported broad-based asset quality improvement in Q3 and maintains a healthy growth outlook.
The brokerage expects AUM/NII/earnings CAGR of 18%/22%/27% over FY26–28E.
(Dnyanada Vaidya, Axis Securities)

Agencies

 16%–20%

3/5

Buy Kirloskar Oil Engines | Target: Rs 1,550–1,600 | Upside: 16%–20%

Buy in range: Rs 1,323–1,350
Stop loss: Rs 1,230
Time frame: 3–4 weeks
The stock remains in a strong uptrend on the weekly chart, forming higher highs and higher lows while holding above its upward-sloping trendline.
Momentum indicators remain bullish, with the weekly RSI sustaining above its reference line and trendline support.
(Rajesh Palviya, Axis Securities)

ETMarkets.com

 7%–9%

4/5

Buy Blue Star | Target: Rs 2,076–2,120 | Upside: 7%–9%

Buy in range: Rs 1,926–1,965
Stop loss: Rs 1,880
The stock has broken out of a symmetrical triangle pattern formed since January 2025, clearing the Rs 1,910 level with a strong bullish candle and confirming continuation of the medium-term uptrend.
Momentum indicators support the breakout, with the weekly RSI crossing above its downward-sloping trendline and reference line.
(Rajesh Palviya, Axis Securities)

Agencies

 13%–15%

5/5

Buy Astral | Target: Rs 1,772–1,800 | Upside: 13%–15%

Buy in range: Rs 1,548–1,580
Stop loss: Rs 1,460
Time frame: 3–4 weeks
Astral found strong support near the 1,200 zone, which coincides with the 61.8% Fibonacci retracement of the March 2020–July 2024 rally (around Rs 1,196) and a key horizontal support formed in June 2022.
The stock consolidated at this base, forming an ascending triangle pattern, and has now delivered a decisive breakout with a strong bullish candle, signalling a potential price reversal.

(Rajesh Palviya, Axis Securities)

ETMarkets.com

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