From Varun Beverages to Federal Bank: Axis Securities lists top midcap and small

February was a very volatile month for the markets with the Nifty declining 3% for the month. Broader markets were also under pressure with both midcap and smallcap indices down over 5% each in Feb. In the backdrop of the Russia-Ukraine crisis, volatility in the markets will continue and commodities would be the biggest gainers and as long as the geopolitical heat continues, Axis Securities said. Let's look at its top midcap and smallcap picks for March.