Axis Securities Projects Up to 20% Upside for Shriram Finance, Blue Star, and Two Other Stocks
Market Brief: Momentum Picks for February 2026
Indian equity markets are showing constructive sentiment as the NIFTY 50 aims for the **26,000** psychological milestone. Institutional interest has pivoted toward selective buying, with Foreign Institutional Investors (FIIs) recently turning net buyers. Within this landscape, four specific stocks are currently positioned for potential gains of up to **20%** over the next 3–4 weeks.
Shriram Finance: Fundamental Strength
Shriram Finance remains a top fundamental conviction pick. As of February 16, 2026, the stock is trading near **1,085**, marking a steady climb from its weekly open of **1,005**.
The stock faces immediate technical resistance at **1,100.80**. A decisive close above this level is expected to trigger a sharp breakout toward analysts' average consensus targets of **1,142**. Support is firmly established at **1,017**, providing a cushion for staggered accumulation.
Kirloskar Oil Engines: Momentum Leader
Kirloskar Oil Engines has emerged as a high-momentum outlier, surging over **17.5%** in the past week alone. This rally was fueled by a robust **27%** surge in quarterly profits and the announcement of a dividend.
The stock reached a fresh 52-week high of **1,435** recently and currently trades around **1,390**. With a bullish MACD crossover and a low PEG ratio of **0.87**, the technical setup remains strong. Analysts from major brokerage houses have revised price targets upward, with some aiming as high as **1,540** to **1,665**.
Blue Star: Technical Upside
Blue Star is displaying resilient price action in the consumer durables segment. The stock is currently priced near **1,972**, maintaining an upward momentum score despite broader market volatility.
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Technically, the stock is trading above all its key Simple Moving Averages (SMAs). While short-term oscillators like the RSI are approaching overbought territory at **60.7**, the underlying trend remains bullish. Immediate resistance levels are pegged at **2,006**, with a secondary barrier at **2,269**.
Astral Ltd: Breakout Potential
Astral has delivered a robust **8.3%** weekly gain, hitting a new 52-week high of **1,624.90** on February 16, 2026. A significant technical milestone was reached with the formation of a **Golden Cross**, where the 50-day moving average surpassed the 200-day average.
The stock has outperformed the Sensex by over **13%** on a one-year basis. Current technical indicators, including a Mojo Score of **65**, suggest sustained buying interest. Analysts have set consensus targets near **1,695**, supported by a significant surge in open interest in the derivatives segment.
**Market Summary Data**
* **Nifty 50 Index:** **25,693**
* **Shriram Finance LTP:** **1,085.00**
* **Kirloskar Oil LTP:** **1,390.00**
* **Blue Star LTP:** **1,972.30**
* **Astral Ltd LTP:** **1,624.90**