Axis top picks for July: These largecap stocks could surge up to 70% going ahead

June was a month of massive correction for the Indian markets with benchmark indices declining 9 percent during the month. Axis Securities, in its latest report, said that the market will adopt a wait & watch approach till more clarity emerges on the direction and intensity of prevailing inflation as well as the demand scenario and expects the market performance to remain range-bound in the near term. It also believes that Indian markets will fall along with the global markets, however, the intensity of this fall is likely to be much lower. Let's take a look at Axis Securities' top largecap recommendations for the month of July: