Axis Securities selects top stock picks for March; Nifty may reach 27,000 by December 2025. Despite market correction, the brokerage advises investment in b companies.
Axis Securities Top Picks: The first two months of 2025 were quite volatile for the Indian stock market. The Sensex and Nifty experienced significant declines, impacting investors heavily. Midcap and smallcap stocks also underperformed during this period. According to Axis Securities' report, investor sentiment was cautious in February due to market instability, with midcaps declining by 11% and smallcaps by 13%.
Significant Correction in Benchmark Indices
The Indian market witnessed a significant correction over the past two months. During this time, the benchmark Nifty index fell to a low of 22,125 on February 28, 2025. The Nifty is down 16% from its peak, while midcap and smallcap indices have declined by 21% and 25%, respectively.
Focus on Top Stocks for March
Amidst the weak market sentiment, Axis Securities has revealed its top stock picks for March. The brokerage house believes that focusing on selectively chosen, high-quality stocks is currently the most prudent strategy. They have included several promising stocks from large-cap, mid-cap, and small-cap segments in their list.
Nifty's Projection for December 2025
Axis Securities anticipates the Nifty to reach the 27,000 level by December 2025. Under a bullish outlook, Nifty's valuation is pegged at 21x, suggesting a gradual stabilization and long-term growth in the market. Conversely, if global conditions turn adverse, the Nifty may remain capped around 22,000.
Focus on Global Markets
According to the brokerage house, policy decisions by the Trump administration following the American elections could influence global markets. Furthermore, inflation might continue to pose a challenge for developed economies, leading to continued market volatility.
Advice for Investors
Axis Securities suggests that investors should currently focus on companies with b fundamentals, which are likely to exhibit improved performance in the future. The brokerage has selected several large-cap, mid-cap, and small-cap stocks as top picks, showing potential upside.
