Axis Securities has come up with 5 large-cap stock ideas with up to 25 per cent upside potential. Do you own any?

Varun Beverages - CMP Rs 804 | Target Price Rs 930 | Upside 16%

Focus on expanding high-margin Sting energy drink across outlets coupled with increased focus on expansion of Value Added Dairy, sports drink (Gatorade) and Juice segment.

ICICI Bank Ltd- CMP Rs 998|Target Price Rs 1,250|Upside 25%

We maintain a BUY rating on the stock with a target price of Rs 1,250/share (SOTP basis core book at 3x FY25E and Rs 165 Subsidiary value).

Maruti Suzuki India Ltd- CMP Rs 9,821|Target Price Rs 10,800|Upside 10%

We maintain our BUY rating on the stock and value it at 27xP/E of its Jun’25E EPS (roll forward from FY25 EPS).

State Bank of India- CMP Rs 620|Target Price Rs 715|Upside 15%

We maintain our BUY rating on the stock with a target price of Rs 715/share (core book at 1.3x Sep’24E and subsidiaries at Rs 164/share)

ITC Ltd- CMP Rs 466| Target Price 540|Upside 16%

reasonable valuation among the entire FMCG pack provides a huge margin of safety.