Axis Securities analyst targets IIFL Finance, SRF, HLE Glascoat for Indian equity gains

Rajesh Palviya highlights three stocks for short-term upside as Indian indices open higher on Tech Mahindra earnings.

By Handelsavisen Newsroom · Automated 2026-07-17 04:24 UTC · 1 min read Last updated: 2026-07-17 07:07 UTC

Axis Securities analyst Rajesh Palviya has recommended IIFL Finance, SRF, and HLE Glascoat as key equity targets for the current trading session.

The recommendations come as Indian benchmark indices opened higher on Friday, supported by gains in information technology heavyweights following Tech Mahindra's better-than-expected quarterly performance.

47% in early trade. Investor sentiment remains cautious amid mixed sector performance, with attention focused on upcoming earnings reports and broader market positioning.

The Nifty 50 rose 0.38% while the Sensex gained 0.47% in early trade.

Investor sentiment remains cautious amid mixed sector performance, with attention focused on upcoming earnings reports and broader market positioning.

Palviya's selection of IIFL Finance, SRF, and HLE Glascoat suggests specific pockets of strength within the broader market rally.

This follows recent analyst activity in Indian equities, where Axis Securities previously identified JSW Infrastructure, Ind-Swift Laboratories, and Welspun Living as key targets for the coming trading week.