scorecardresearchUp to 29% upside: From Dalmia Bharat to Varun Beverages; Axis Securities lists 6 top midcap picks; See full list

Up to 29% upside: From Dalmia Bharat to Varun Beverages; Axis Securities lists 6 top midcap picks; See full list

Updated: 07 Feb 2023, 01:09 PM IST
TL;DR.

Being the last full-year budget before the Union Election in 2024, it was expected to be a growth-oriented budget. Against this backdrop, the Union Budget 2023-24 indeed lived up to its expectations, said Axis Securities in a note. As per the brokerage, Indian economy stands at a sweet spot of growth and it continues to believe in the long-term growth story of the Indian equity market. While the medium to long-term outlook for the overall market remains positive, it expects volatility in the short run. It recommends investors to use dips in a phased manner to build a position in high-quality companies with an investment horizon of 12-18 months. Here are its top midcap picks for February: