Top 6 Stock picks for 2023

Stock picks for 2023: L&T, SBI, Axis Bank among top brokerage picks for the new year

L&T, SBI, and Axis Bank are three of the top brokerage picks for the upcoming year in terms of stocks.

Although economists are optimistic about 2023, a number of things, such as geopolitical tensions, an increase in Covid-19 cases in China, and changes in monetary policy, might have an impact on markets.

Business Insider India has looked at the studies of several brokerages to identify the stocks predicted to soar in 2023.

Following are some equities that brokerages like ICICI Direct, HDFC Securities, Sharekhan, Motilal Oswal, and Religare Broking advise investing in for the upcoming year.

Geopolitical tensions, an increase in Covid-19 cases, monetary policy decisions, a rise in the price of commodities like crude oil, and India’s union budget are some of the variables that will affect the markets in 2023.

Which equities would be a good investment in this situation, given all these uncertainties?

The following list of stocks is provided to you by Business Insider India after reviewing the analyses of several brokerages, including ICICI Direct, HDFC Securities, Sharekhan, Motilal Oswal, and Religare Broking.