360 ONE Capital Research released a list of 21 top multicap stock picks offering up to 52% upside potential despite recent market declines, according to livemint.com. The brokerage highlighted that Indian equities faced pressure in September, with the Nifty 50 and Sensex falling nearly 6% each, but domestic demand remains resilient.
The brokerage noted that while the near-term growth outlook is healthy, risks such as prolonged high oil prices, adverse monsoon conditions, and persistently high global interest rates could impact demand over the medium term. Geopolitical uncertainty and a firmer dollar have also contributed to a less supportive external liquidity environment. 360 ONE Capital emphasized a bottom-up, market-cap-agnostic approach to stock selection.
360 ONE Capital remains overweight on healthcare and power/energy sectors, neutral on industrials due to elevated valuations, and neutral on financials because of regulatory uncertainties despite reasonable valuations. The firm expects broader market returns to increasingly track earnings growth, with bottom-up stock selection continuing to offer alpha generation opportunities. Key large-cap picks include ICICI Bank, ITC, and NTPC.
The brokerage’s focused list of 21 multicap picks reflects its strategy to capitalize on resilient domestic demand and sector-specific opportunities. The next quarterly earnings season will provide further clarity on margin normalization and demand trends, critical factors for these stock recommendations.