Maintaining its Nifty target of 20,200, Axis Securities said earnings momentum will be a key factor for market performance going forward. The short term focus will be on Q3FY22 income and Union Budget 2022, it said in a note.
Based on the above themes, Axis Securities has recommended the following stocks: lifts up For January 2022, which includes State Bank of India (SBI), Rakesh Jhunjhunwala Portfolio Stocks Federal Bank, ICICI Bank, HCL Technologies, Bajaj Auto.
Top stocks in the brokerage house include Tech Mahindra, Maruti Suzuki India, Bharti Airtel, Dalmia Bharat, Varun Beverages, Ashok Leyland, Bata India Limited, Krishna Institute of Medical Sciences, Equitas Small Finance Bank, Mold-Tech Packaging, Amber Enterprises India. Huh. Recommendations for this month.
“The IT sector is likely to post another strong quarter following the positive outlook posted by global IT major Accenture. The overall demand scenario will be a major one to watch. Some sectors are expected to hike prices to offset rising costs, while some margins may see improvement with some cooloff in raw material prices.
Axis Securities is overweight on sectors such as IT, specialty chemicals, metals and mining, while pharma, real estate, consumer staples sectors have a similar trend.
Price and quality have remained as our top-performing styles over the past month, while growth has been lagging behind. Large cap stocks are likely to rise in the near future. The brokerage note said that the momentum theme has seen good traction in recent months, followed by the value and quality themes. “While largecaps have outperformed small and midcaps over the past 3 months, it appears that small and midcap stocks are gaining value, providing attractive investment opportunities in the broader market.”
The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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