Top picks: 16 stocks to buy this month, as Axis Securities suggests

Further, a boost to overall expenditure in the Union Budget 2022-23 will help deliver broad-based growth in FY23, assuming Nifty maintains its March 2023 target of 18,400.

“We believe that though aggressive policy tightening will help in easing inflationary pressures, the continued rise in oil and commodity prices will continue to pose challenges for the market in the next few quarters. Below the current India VIX LTA levels is trading and a clear trend is likely to emerge only if volatility remains at lower levels for a prolonged period of time. Considering these developments and overall weak global cues, we expect the market to moderate performance in the near term Will stay.”

Based on the above themes, Axis Securities recommends the following: top stock picks For the month of August 2022 inclusive of ICICI Bank (Target Price .) 1,000), Tech Mahindra (TP: 1,200), Maruti Suzuki India (TP: 9,900), State Bank of India or SBI (TP: 665), Cipla (TP: 1,125), Federal Bank (TP: 125), Varun Beverages (TP: 1,050).

Ashok Leyland (TP: 164), Astral Limited (India) (TP: 2,000), Bata India (TP: 2,200), APL Apollo Tubes (TP: 1,100), Healthcare Global Enterprises (TP: 330), Praj Industries (TP: 477), CCL Products (India) (TP: 560), Coal India (TP: 235) and Bajaj Finance (TP: 8,250) are also part of its key recommendations.

The brokerage has made some changes to its top picks which now include booking profit in Bharti Airtel and Bajaj Auto while adding Coal India and Bajaj Finance to the basket.

“We believe that going forward profitability will shift from commodity producers to commodity consumers. Keeping this in mind, banks, automobile, discretionary consumption and industrial themes look attractive in the near term over export and commodity sector themes,” it said. couple.

The views and recommendations given above are those of individual analysts or broking companies and not of Mint.

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