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Amber, Ambuja Cement, Axis Bank and Bharti Airtel among Jefferies' top picks

Synopsis

"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.

JefferiesIANS
"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: Amber Enterprises, Ambuja Cement, Axis Bank, Bharti Airtel, JSW Energy, L&T, Macrotech Developers, Max Healthcare Institute, SBI, TVS Motors and Zomato 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. Jefferies said these stocks are expected to benefit from various themes such as capex cycle, government's manufacturing push, consumerism and financialisation of savings.
Amber, Ambuja Cement, Axis Bank and Bharti Airtel among Jefferies’ Top PicksAgencies

"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.




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(You can now subscribe to our ETMarkets WhatsApp channel)

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

...more