After a bruising 2025 that saw the smallcap index slip nearly 6% and underperforming Nifty, investor sentiment around the segment has remained cautious. However, looking ahead to 2026, Axis Securities believes select opportunities are emerging across the smallcap space. In a recent report, the brokerage has identified seven smallcap stocks spanning utilities, financials and consumer discretionary that could offer value and potentially deliver returns of up to 54% over the next year. Here’s the full list.
With a target price of Rs 190 per share, the brokerage implies an upside potential of 54% from current market levels. Backed by the INOXGFL Group, IWL benefits from synergies across wind, solar, hybrid, and BESS segments, while its credit profile has been further reinforced by rating upgrades and improved financials.
The brokerage says the stock can rise 36% and has set a price target of Rs 1,540. The company has stepped up capex from FY22 onwards, reaching Rs 1,000 crore in FY25 and guided for higher capex of Rs 1,100-1,300 crore at least for the next couple of years. This bodes well for the company, it said.
The brokerage forecasts an upside potential of 24% from current market levels and has a price target of Rs 1,475. The management expects a full-year order inflow of Rs 25,000 crore, with a major focus on the T&D and B&F segments. The management foresees opportunities across power transmission, distribution, solar EPC, residential and commercial buildings.
The brokerage has a price target of Rs 63, an upside of 23% from current market levels. With incremental stress accretion in the MFI book declining and the secured book performing well, the management remains confident of credit costs tapering meaningfully in H2 and has reiterated its guidance of credit costs settling at 2.3-2.4% in FY26 vs 2.76% in H1FY26.
With a target of Rs 1,950, the brokerage implies an upside of 16%. Sansera’s order book stands at Rs 2,146 crore in peak annual revenue potential, well-diversified across ADS (24%), xEV (7%), tech-agnostic auto components (10%), ICE PV+CV (31%), and twowheelers (17%). In H1FY26, the company secured new orders worth Rs 1,168 crore.
(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)
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