These 5 largecap stocks make it to brokerages’ shopping list for 2023 - Economic Times

Despite witnessing relentless selling by foreign institutional investors, the marathon run by Indian equities in 2022 left a lasting impression.

India was the best performing market compared to the emerging and developed market peers.

Nearly half of the stocks that are part of the Nifty 50 gave index-beating returns this year. At least 26 smallcap stocks turned multibaggers even though the broader market underperformed.

A showstopper performance by domestic equities was possible primarily due to the strong growth in the domestic economy.

Given that the macroeconomic factors remain conducive in India and corporate earnings growth have improved, most brokerages are betting on automobile, banks, industrials, capital goods and engineering, consumer staples, real estate, and telecom sectors in 2023.

Axis Bank, ICICI Bank,

, Larsen & Toubro, and are the five stocks that most analysts have recommended for 2023.
Most of the analysts are bearish on export-oriented sectors as growth uncertainties globally persist. Here’s a summary of the stock recommendations by brokerages for 2023:

Motilal Oswal Broking and Distribution
Axis Bank, State Bank of India, Larsen & Toubro, ITC, Maruti Suzuki India, UltraTech Cement, Titan Co, PI Industries,

, Indian Hotels, Bharat Forge, , Infosys and .

HDFC Securities
SBI, ACC, Bharat Forge, Chennai Petroleum Corp, Indian Oil Corp, Larsen & Toubro, PNC Infratech, Power Finance Corp,

& Fertilisers, and .

JM Financial Institutional Securities
ICICI Bank, SBI, Bajaj Finance, Axis Bank, Maruti Suzuki,

, UPL, Patanjali Foods, M&M Financial, Akzo Nobel, Sapphire Foods, Arvind Fashion, , Gokaldas Exports.

Religare Broking
Maruti Suzuki India, Voltas, Exide Industries, V-Guard Industries, Birlasoft.

Morgan Stanley
FSN E-Commerce, Maruti Suzuki, Titan Co, ICICI Bank, SBI Cards, SBI Life Insurance,

, UltraTech Cement, and Infosys.

Nomura Financial Advisory and Securities
SBI, Axis Bank, Larsen & Toubro, Hindustan Unilever,

, KEC International, Zydus Lifesciences, , Indraprastha Gas, and .

Credit Suisse
SBI, Bank of Baroda, IndusInd Bank, ICICI Bank, L&T, HUL, and UltraTech Cement.

BNP Paribas
Reliance Industries, Bharti Airtel, Maruti Suzuki India, Mahindra & Mahindra, Havells India,

, Fortis Healthcare, HDFC Bank, ICICI Bank, Axis Bank, SBI Life Insurance, and .

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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These 5 largecap stocks make it to brokerages’ shopping list for 2023 - Economic Times
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