Axis Securities Picks 15 Stocks for June with Potential Upside

Axis Securities has retained a bullish view on Indian equities, recommending 15 stocks for June across various market capitalizations. The brokerage firm expects these stocks to have potential upside. The favored sectors include banking, telecom, and capital goods, while the firm remains cautious on the IT sector.

The recommended stocks include Eternal and Minda Corp, among others. Axis Securities believes that market corrections will offer opportunities to invest in these stocks. The firm's top ideas are expected to perform well, with potential upsides ranging from 20% to 44%. The midcap fund, such as Motilal Oswal Midcap Fund Direct-Growth, has given a 5Y return of 23.23%.

The banking sector is expected to perform well, driven by improving asset quality and increasing credit growth. The telecom sector is also expected to do well, driven by increasing data consumption and improving average revenue per user (ARPU). The capital goods sector is expected to benefit from the government's focus on infrastructure development and the "Make in India" initiative.

On the other hand, the IT sector is expected to be cautious, due to concerns over global economic growth and the impact of artificial intelligence on the industry. The firm believes that the current market correction will provide a good opportunity to invest in the recommended stocks.

The Nifty index has witnessed a decline. The market is expected to be volatile, with investors advised to consult with a certified financial professional and conduct their own research before making any investment decisions.

Disclaimer: This analysis is for educational and informational purposes only and does not constitute financial or investment advice. ReturnsPlanner is not a SEBI-registered investment advisor. Investors are advised to consult with a certified financial professional and conduct their own research before making any investment decisions based on the data provided here.