Axis Direct, a domestic brokerage firm, has forecasted a target of 29,480 for the Nifty index by December 2026, suggesting a 30% upside from current levels. The firm has identified five smallcap stocks poised for significant growth. Ujjivan Small Finance Bank is projected to reach ₹74, indicating a potential 47% increase. Chalet Hotels, with a target price of ₹1,120, could see a 60% rise due to its focus on the luxury hotel segment. Minda Corporation's target of ₹710 reflects a 40% upside, supported by strong order inflows and a strategic push towards electric vehicles. Navin Fluorine International is expected to grow by 20% to ₹7,400, while Kalpataru Projects International is projected to reach ₹1,450, implying a 37% increase based on its strong order book and favorable market conditions. Overall, these stocks are positioned well for growth amid improving market dynamics.