Ahead of the beginning of Samvat 2079, the Hindu calendar year, domestic brokerage Axis Securities said the Indian equity market will likely outperform led by favourable macroeconomic factors and better-than-historical fundamentals of Indian corporates.The brokerage firm believes housing and banking will be major themes to watch out for in 2023 on account of their improved economic outlook and the pick-up in credit growth, while the QSR space is well-placed to deliver superior returns. Here are 9 Diwali picks for long-term portfolio from Axis Securities:
Is the smallcap rally a trap? Only 37% of stocks are outperforming their benchmark
India’s recent smallcap surge indicates that less stock is outpacing the benchmark index, revealing a narrowing group of successful stocks boosting overall returns. Conversely, largecap