Amber, Ambuja Cement, Axis Bank and Bharti Airtel among Jefferies' top picks
"India's capex cycle has turned from its FY20 bottom, and should last another five-plus years as the housing and corporate capex cycle play out," it said.
Mumbai: , , , , , L&T, , , , and are among brokerage Jefferies' top stock picks for the next five years. The firm expects these stocks to return 15-25% on a compounded basis by March 2029. said these stocks are expected to benefit from various themes such as capex cycle, 's manufacturing push, consumerism and financialisation of savings.
Agencies"India's capex cycle has turned from its FY20 bottom, and should last another five-plus years as the housing and corporate capex cycle play out," it said.
Source: Stocks-Markets-Economic Times
