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Axis Securities has chosen Bajaj Finance, SBI, Varun Beverages, HDFC Bank, and Bharti Airtel as its top picks for July. Bajaj Finance has a target price of Rs 1,050, implying a 12% upside, while Varun Beverages is expected to grow by 42%. SBI is seen maintaining a sustainable RoA of 1% over the medium term, and HDFC Bank and Bharti Airtel are also expected to see strong growth.

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