Axis Securities swaps Kalpataru and Navin Fluorine for APL Apollo, HCG

Axis Securities refreshed its top picks list for July 2026, booking profits in Kalpataru Projects and Navin Fluorine while adding APL Apollo Tubes and HCG Ltd. The changes take effect at the start of the month, the broker said in a note.

Kalpataru Projects and Navin Fluorine had been part of the list since earlier this year. The exits suggest the broker sees better risk-reward in the two new additions. APL Apollo Tubes is a steel tube manufacturer with a large share of the organised market in India. HCG Ltd operates cancer-care hospitals across several cities.

Axis Securities did not provide specific price targets or hold-period guidance in the note. The remaining 13 picks in the list were unchanged.

It is the first refresh since the broker's June edition, when it also rotated two names.