From Maruti Suzuki to UPL, JM Financial's 7 picks that can deliver up to 46% returns in 2023

The year 2022 saw a number of headwinds including the Russia-Ukraine war, rise in inflation, rate hikes and growth concerns. Despite that, the Indian market managed to remain positive for the year, with the Sensex and Nifty up nearly 5 percent each. While the market is expected to remain muted in 2023 as well, brokerage house JM Financial has listed stocks including Maruti, UPL, Patanjali Foods and Sapphire Foods that could give 25-46 percent returns in the next 12 months.