Stocks to buy: 5 midcap and chemical stocks with up to 25% upside potential

Axis Securities in its latest report listed out five midcap and chemical stocks on which it recommends ‘Buy’ rating, as it believes they offer an attractive combination of earnings visibility, structural growth and improving operating performance, based on earnings assessment and medium-term outlook. “We believe companies with strong balance sheets, differentiated capabilities and execution track records are likely to gain market share as industry conditions improve,” it said. Here are the five stocks with their respective target prices and upside potentials.

Axis Securities has a ‘Buy’ call on the shares of Navin Fluorine International, with a target price of Rs 8,600 per share, implying an upside potential of more than 4% from the stock’s previous closing price of Rs 8,247.5 apiece on NSE. The shares of the company have gained 9% in a month and 39% in 2026 so far. In the longer term, the stock delivered positive returns of 64% in one year, 87% in three years and 121% in five years.

Axis Securities has a ‘Buy’ call on the shares of VA Tech Wabag, with a target price of Rs 2,105 per share, implying an upside potential of nearly 6% from the stock’s previous closing price of Rs 1,994 apiece on NSE. The shares of the company have made marginal gains in a month and 52% in 2026 so far. In the longer term, the stock delivered positive returns of 24% in one year, 300% in three years and 478% in five years.

Axis Securities has a ‘Buy’ call on the shares of Jubilant Ingrevia, with a target price of Rs 835 per share, implying an upside potential of nearly 14.5% from the stock’s previous closing price of Rs 729.5 apiece on NSE. The shares of the company have fallen over 1% in a month but gained more than 3% in 2026 so far. In the longer term, the stock delivered positive returns of 3% in one year, 64% in three years and 1% in five years.

Axis Securities has a ‘Buy’ call on the shares of Mold-Tek Packaging, with a target price of Rs 850 per share, implying an upside potential of more than 25% from the stock’s previous closing price of Rs 679.2 apiece on NSE. The shares of the company have fallen over 2% in a month but gained more than 12% in 2026 so far. In the longer term, the stock delivered negative returns of 13% in one year and 29% in three years, but gained over 38% in five years.

Axis Securities has a ‘Buy’ call on the shares of Aarti Industries, with a target price of Rs 560 per share, implying an upside potential of more than 5% from the stock’s previous closing price of Rs 532 apiece on NSE. The shares of the company have gained around 8% in a month and 42% in 2026 so far. In the longer term, the stock jumped 39% in one year and 18% in three years.
(With inputs from agencies)
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)