India’s benchmark BSE Sensex rose 19%, and the broader Nifty 50 gained 20% in 2023, led by sustained domestic mutual fund inflows, return of foreign buying, better-than-expected economic growth, and healthy corporate earnings. Meanwhile, based on technical parameters, domestic brokerage firm Axis Securities recommended several stocks for 2024. These stocks include Maruti Suzuki, PNB, JSW Steel, Wipro, Divi’s Laboratories, GAIL, Grasim Industries, HUDCO, Voltas, and Patanjali Foods. Here is a list of the recommended stocks:

1. Maruti Suzuki – Buy at Rs 10,000-9,000; Target Price: Rs 11,000-11,500; Upside: 11-16%
2. PNB – Buy at Rs 90-85; Target Price: Rs 105-113; Upside: 20-29%
3. JSW Steel – Buy at Rs 870-845; Target Price: Rs 985-1,030; Upside: 15-20%
4. Wipro – Buy at Rs 455-442; Target Price: Rs 530-570; Upside: 18-27%
5. Divi’s Laboratories – Buy at Rs 3,850-3,730; Target Price: Rs 4,185-4,450; Upside: 10-17%
6. GAIL – Buy at Rs 145-140; Target Price: Rs 179-195; Upside: 19-37%
7. Grasim Industries – Buy at Rs 2,100-2,040; Target Price: Rs 2,320-2,450; Upside: 12-18%
8. HUDCO – Buy at Rs 120-110; Target Price: Rs 148-165; Upside: 29-43%
9. Voltas – Buy at Rs 960-930; Target Price: Rs 1,055-1,170; Upside: 12-24%
10. Patanjali Foods – Buy at Rs 1,550-1,490; Target Price: Rs 1,835-1,950; Upside: 21-28%