Top picks for New Year 2023: Axis Securities suggests these 9 stocks to buy

Top picks for New Year 2023: Axis Securities suggests these 9 stocks to buy


In 2022, the Indian stock marketplace outperformed different worldwide and rising markets via way of means of a brilliant margin, which turned into on the whole pushed via way of means of the country’s sturdy financial outlook no matter a couple of headwinds it confronted which includes the Russia-Ukraine geopolitical crisis, coverage tightening, growing inflation, and risky FII flows. The broader marketplace in India, too, confirmed first-rate resilience withinside the final 365 days vis-à-vis its worldwide peers.

The Indian financial system stands in a candy spot of increase and stays the land of balance towards the backdrop of a risky international financial system. The majority of the high-frequency signs are trending upwards and the uptick from the pre-Covid tiers is visible, indicating the resilience of the Indian financial system, stated domestic brokerage and studies organization Axis Securities.

For the subsequent 6-9 months, the marketplace may also remain prompted through the evolving macroeconomic information points. Currently, the consensus has been constructed for the decrease quantum of charge hikes through americaA FED going forward. While the index are soaring close to the height of the growing hobby charge cycle, it nonetheless remains depending on the evolving information points. Nonetheless, the brokerage residence believes americaA FED may also take a pause someday in mid-2023.

“Historically, over a quick span, the arena has in no way visible fee hikes as speedy because it witnessed this year. Hence, the probabilities to head incorrect have elevated withinside the closing couple of months. This might be a slowdown in worldwide boom or a recession withinside the evolved economy. If the marketplace sails thru the following 6-nine months smoothly, then we're possibly to peer the following stage of triggers rising withinside the marketplace," the be aware stated.

New Year top stock picks :

MAS Financial Services Ltd - Target Price - 955 ₹

Cholamandalam Invst and Finance - Target Price - 845 ₹

Cipla Ltd - Target Price - 1,260 ₹

Hindustan Unilever (HUL) - Target Price - 3,000 ₹

Astral Ltd - Target Price - 2,280 ₹

V-Mart Ltd - Target Price - 3,500 ₹

Trent Ltd -Target Price - 1,650 ₹

Rites Ltd - Target Price - 405 ₹

Federal Bank - Target Price - 160 ₹


The perspectives and recommendations made above are the ones of individual analysts or broking companies