Raymond James strategist Matt Orton has flagged selective opportunities in Indian equities, telling CNBC-TV18 Markets that he sees Paytm and Eternal as attractive growth names while highlighting Bharti Airtel and Bharat Electronics as stocks he favors on weakness.

Orton said he expects earnings resilience across select Indian stocks even as elevated global bond yields and persistent market volatility weigh on sentiment, according to the report by CNBC-TV18 Markets.

The comments come against a backdrop of higher global bond yields, a macro environment that has pressured equity valuations worldwide and contributed to choppy trading across emerging markets, including India. Allocation views from global financial services firms attract attention in the Indian market partly because foreign portfolio investors are among the significant participant groups in Indian equities, and their positioning has historically shifted alongside global rate cycles.

Of the four names referenced in the strategist's remarks:

• Bharti Airtel is one of India's largest telecommunications operators, offering mobile, broadband and enterprise services. Listed on the National Stock Exchange and the BSE, the company is part of the Bharti group founded by chairman Sunil Bharti Mittal. The Indian telecom sector has consolidated around three private carriers — Reliance Jio, Bharti Airtel and Vodafone Idea — since Jio's 2016 entry reshaped pricing across the industry.
• Bharat Electronics Ltd (BEL) is a state-owned defence electronics manufacturer operating under India's Ministry of Defence and holds Navratna public sector undertaking status. The company supplies radars, communication and electronic warfare systems to the Indian armed forces, a customer base that has received rising capital allocation as the government pursues defence indigenisation.
• Paytm is operated by One 97 Communications, which became a publicly listed company following its initial public offering on Indian exchanges in November 2022.
• Eternal Ltd is the parent company of food-delivery platform Zomato and quick-commerce business Blinkit, having been renamed from Zomato Ltd in 2025.

Raymond James Financial is a US-based financial services firm headquartered in St. Petersburg, Florida, providing wealth management, investment banking and asset management services. Its market strategy team regularly publishes views on global and regional equity allocation. The near-term reference points for the stance Orton outlined are the trajectory of global bond yields and the next round of quarterly results from Indian corporates, the two factors most directly tied to his earnings-resilience argument.

Orton's remarks represent his stated views as reported by CNBC-TV18 Markets and do not constitute investment advice.