Inox Wind among top 9 small and midcap picks from Axis Securities with upside potential of up to 43%

After a prolonged phase of underperformance, the Indian markets appear to be building a base for a stronger second half. The Nifty 50 has rallied over 1,500 points since October 2025, with the index hitting an all-time high of 26,203 on November 28. This sharp move has been supported by several key developments, including better-than-expected earnings in the first half of the year, optimism around 15% tariffs for India, and early signs of consumption recovery.A stable currency and relatively attractive valuations versus other emerging markets have also helped fuel positive sentiment. Amid this recovery, Axis Securities has released a list of its top stock recommendations across segments. In this slideshow, we present their top midcap and smallcap picks, where the brokerage sees upside potential of up to x%. Market overview