Axis Direct has identified five stocks with strong upside potential, targeting companies tied to housing, travel and consumption trends. According to the brokerage house report, premium housing demand, improving consumer spending, market-share gains by organised players and continued momentum in domestic travel remain among the key factors supporting its positive view on these companies. The brokerage's conviction list includes real estate developers, consumer durable makers and hospitality companies, with upside potential ranging from 15% to 24% across the five preferred stocks.
Arvind SmartSpaces leads the list with the highest upside potential of 24%, maintaining a 'Buy' rating with a target price of ₹750. As reported by Axis Direct, the company delivered its highest-ever quarterly bookings and collections during the March quarter, with both metrics exceeding ₹600 crore. FY26 bookings rose 22% year on year to ₹1,550 crore, supported by strong response to projects in Bengaluru and Vadodara. The company continued expanding its development pipeline, adding projects with a gross development value of around ₹3,140 crore during FY26 and subsequently signing a high-rise residential project in the Mumbai Metropolitan Region with an estimated gross development value of ₹2,400 crore.
LG Electronics India maintains a 'Buy' rating with a target price of ₹1,815, implying an upside of 19%. According to Axis Direct, the company reported its highest-ever quarterly revenue of ₹8,054 crore during Q4FY26, supported by strong demand across premium and mass-premium product categories. The brokerage highlighted growing traction in products such as OLED televisions, French-door refrigerators and higher-star-rated air conditioners, which continue to improve product mix and support profitability. Localisation levels improved to 55.2%, while investments of nearly ₹5,000 crore in the Sri City facility are expected to expand manufacturing capacity and support exports.
Indian Hotels Company maintains a 'Buy' rating with a target price of ₹765, implying an upside of 16%. As reported by Axis Direct, the company delivered its 16th consecutive quarter of record performance despite geopolitical disruptions and softer international travel trends. FY26 consolidated revenue increased 16% year on year to ₹9,689 crore, while EBITDA rose 15% to ₹3,196 crore. The brokerage highlighted the company's diversified presence across luxury, upscale, mid-scale and homestay formats, with a pipeline exceeding 31,000 keys and plans to open more than 60 hotels during FY27.
Greenply Industries maintains a 'Buy' rating with a target price of ₹340, implying an upside of 17%. According to Axis Direct, medium-density fibreboard continues to emerge as a major growth engine, with management guiding for volume growth of 25% to 30% during FY27. The brokerage noted that industry dynamics remain favourable for organised players, with higher compliance requirements, raw material pressures and working capital constraints creating challenges for unorganised manufacturers. Prestige Estates Projects rounds out the list with a 'Buy' rating and target price of ₹1,830, implying an upside of 15%. The company reported record pre-sales of more than ₹30,000 crore during FY26, representing growth of 76% year on year.
