has , Infosys, ICICI Bank, SBI and among its top largecap picks for June. , , Ashok Leyland, L&T Tech and are some of its top midcap and smallcap picks for the month.
Some of these stocks are common in Axis Securities’ top June picks. This brokerage has ICICI Bank, , Bharti Airtel and Ashok Leyland as its top picks, along with names such as Bajaj Auto, Tech Mahindra, , Cipla, Federal Bank, , Astral Ltd (India), Bata India, , HealthCare Global Enterprises, and CCL Products (India).
May saw Nifty50 falling 3 per cent. It was the second consecutive month of decline for the index but analysts believe the performance of the domestic market over the next few months will depend on the trajectory of inflation globally. This is even as the valuation of the broader market and most sectors look a lot more reasonable after the recent correction, they said.
“We believe the present market volatility offers an attractive opportunity to build a long term portfolio of quality companies, which have lean balance sheets, are capital efficient and have growth longevity,”
said in a June note.
The brokerage likes capex-linked capital goods, commercial vehicle space and PLI oriented domestic manufacturing plays as structural bets.
Among its largecaps picks, Emkay Global is overweight on ICICI Bank, Maruti Suzuki, SBI, and Tata Motors. It is underweight on PNB.
In the small & midcap pack, the brokerage has a buy rating on ABFRL, Birlasoft, Escorts,
Wiring, Varun Beverages and .
(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)