Iran War: Phillip Capital Picks L&T, Tata Steel, HAL, BEL, UltraTech Among Top Stock Bets

• Phillip Capital maintains a constructive outlook on Indian equities despite geopolitical uncertainties, including the US, Israel, and Iran conflict.
• Brokerage views market corrections due to geopolitical tensions as buying opportunities, expecting stability to return to the Middle East.
• Top stock picks include L&T, Tata Steel, HAL, BEL, UltraTech Cement, Schneider Electric Infrastructure, JK Cement, Amber Enterprises India, MTAR Technologies, Coforge, Hindalco Industries, Axis Bank, Titan Company, Ashok Leyland and Lumax Auto.
• Forecasts India's GDP growth at 7.5% by FY27-28, Nifty profit growth of 17% in FY27, and Nifty target of 26,500-27,500 by March 2027.
• Prefers mid- and large-cap stocks, with increased exposure to capital goods, defence, banks, and consumer staples; reduced autos, IT, oil & gas, pharma.