Top Picks And Investment Strategy For June - Market Awaits A Prompt Unlocking Of The Economy: Axis Securities
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Axis Securities Report
Axis top picks basket has delivered a solid 78% return since its introduction in the month of May 2020 (10% in May 2021), beating all benchmarks by a significant margin.
Our thematic approach has delivered consistent results and we continue to believe in the broader market rally driven by midcaps and smallcaps.
The overall trend of the market was constructive during the month. For the first half, the market was range-bound on account of mobility restrictions and the localised lockdowns.
However, in the second half, the market gathered strength on account of declining Covid-19 cases and encouraging recovery rate.
Thus, a catch-up rally with the global market ensued, resulting in an excellent gain of 6.5% during the month.
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