Axis Securities has retained a constructive stance on Indian equities despite rising geopolitical risks and elevated crude oil prices, recommending 15 stock picks for June across largecap, midcap and smallcap segments with potential upside of up to 44%.
In its latest monthly strategy report, the brokerage said domestic macroeconomic fundamentals remain resilient even as global uncertainties linked to the West Asia conflict, higher crude prices, rupee weakness and foreign investor outflows continue to weigh on market sentiment.