Despite rising around 15 percent in the last 3 sessions, the benchmarks are still down 25 percent for the month amid the coronavirus crisis. So should investors buy? According to Axis Securities, while the valuations are attractive across the board, picking the right stocks for the short term as well as the long term will lead to significant wealth creation. "It is intuitive to say that the time to sell in the market is passed as valuations have compressed significantly. While examples of previous crisis present that there is further correction left in the market but it can also be observed that bounce-backs also tend to be very sharp," the brokerage pointed out. It further advised that the portfolios should be realigned according to the market conditions which means that many stocks must still be sold and quality should be bought. Here are its top short- term picks under these market conditions:
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