scorecardresearchFrom RIL to Maruti: ICICI Direct lists top stock picks for 2023 that can rise up to 35%

From RIL to Maruti: ICICI Direct lists top stock picks for 2023 that can rise up to 35%

Updated: 03 Jan 2023, 08:10 AM IST
TL;DR.
The Indian market has outperformed global peers despite multiple headwinds including the Russia-Ukraine war, inflation, interest rate hikes and fears of recession. India's outperformance this year is attributed to 'stronger domestic fundamentals'. Going ahead, ICICI Direct believes H1CY23 is likely to remain volatile, however, such volatility will throw up attractive opportunities in domestic oriented sectors like banks, capital goods, infra, and logistics. Apart from these, sectors like retail, real estate, auto ancillaries will also provide good opportunities for the medium to long term, suggested the brokerage. It has listed 9 stock picks for 2023. Let's take a look: