Hot stocks: Brokerages on Axis Bank and Gujarat Gas

Axis Bank: Buy

Target price: Rs 1,050

Axis Bank is one of the largest private sector banks in India. The bank has a strong presence in retail banking, corporate banking, and investment banking. Axis Bank has been performing well in recent quarters and is expected to continue to do so in the future. The bank's strong fundamentals and growth prospects make it a good buy at current levels.

Some of the key factors that make Axis Bank a good investment include:

• Strong retail banking franchise
• Growing corporate banking business
• Expanding investment banking operations
• Healthy financial performance
• Attractive valuations

Risks

Some of the risks associated with investing in Axis Bank include:

• Competition from other banks
• Interest rate risk
• Credit risk
• Economic slowdown

Gujarat Gas: Buy

Target price: Rs 550

Gujarat Gas is the largest city gas distribution company in India. The company has a strong presence in Gujarat and is expanding into other states. Gujarat Gas is expected to benefit from the government's focus on increasing the use of natural gas in the country. The company's strong market position and growth prospects make it a good buy at current levels.

Some of the key factors that make Gujarat Gas a good investment include:

• Strong market position in Gujarat
• Expanding into other states
• Beneficiary of government's focus on natural gas
• Healthy financial performance
• Attractive valuations

Risks

Some of the risks associated with investing in Gujarat Gas include:

• Competition from other gas distribution companies
• Regulatory risks
• Economic slowdown

Disclaimer

The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of any other person or organisation. The author does not provide financial advice and this article should not be construed as financial advice.