# Axis Direct Picks 5 Smallcap Stocks with 40% Upside

> Axis Direct identifies 5 smallcap stocks with up to 40% upside potential after eight-week market decline.
- Title: Axis Direct Picks 5 Smallcap Stocks with 40% Upside | Shortify
- Summary: Axis Direct identifies 5 smallcap stocks with up to 40% upside potential after eight-week market decline. Axis Securities recommends 5 smallcap stocks with…
- Keywords: axis securities, smallcap stocks, upside potential, nifty 22461.85, dalal street, stock recommendations, motilal oswal midcap fund, healthcare global enterprises, minda corporation, city union bank, ccl products, money
- Source: The Economic Times — https://economictimes.indiatimes.com/markets/stocks/news/axis-direct-picks-5-smallcap-stocks-with-up-to-40-upside-potential-how-many-do-you-have/slideshow/134670761.cms
- Read time: 1 min
- Topics: axis securities, smallcap stocks, upside potential, nifty 22461.85, dalal street, stock recommendations, motilal oswal midcap fund, healthcare global enterprises, minda corporation, city union bank, ccl products, money
## Market Record Losses
The Indian stock market has logged losses for eight consecutive weeks, surpassing the 2020 Covid-19 crash and 2008 financial crisis streaks.
## Chalet Hotels Target
Axis Securities assigns a target price of Rs 1,000, implying 19% upside from current levels for this high-end hotel operator.
## Healthcare Global Enterprises
Healthcare Global Enterprises has a target price of Rs 820, forecasting 23% upside from current levels as India's leading oncology provider.
## Minda Corporation
Minda Corporation has a target price of Rs 815, offering 18% upside from previous close as a major automotive component manufacturer.
## City Union Bank
City Union Bank has a target price of Rs 280, with 24% upside potential from current levels as a pan-India bank focused on MSME lending.
## CCL Products
CCL Products has a target price of Rs 1,425, forecasting 40% upside potential from current levels with strong order pipeline growth.
## Key takeaway

Axis Securities recommends 5 smallcap stocks with target prices offering up to 40% upside from current levels.