Top Stock Picks, Investment Strategy For September - Style Rotation Holds The Key: Axis Securities
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Axis Securities Report
Axis top picks basket delivered a positive return of 1% during the month as the market breadth narrowed and high-quality large cap stocks outperformed the broader market.
The small cap index declined by 3% during the month and a significant divergence between the returns was observed between the top 50 and the rest of the market.
Interestingly, IT and FMCG were the top-performing sectors for the month with monthly returns of 13% and 10% respectively.
Apart from IT and FMCG, private banks delivered healthy returns of 5% during the month.
On the other hand, the metals sector, which had been one of the strongest performing sectors over the last several months, cooled off and corrected by 1% during the month.
Click on the attachment for the full list of Axis Securities’ stock picks for September:
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