Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 45%
Synopsis
While bulls are back on the street, volatility is also making a comeback. In two trading sessions, the nifty slipped intraday though it was able to recover. The only thing which appears to be a sign of caution is that the mid-cap index and market breadth in that segment is not as bullish as it used to be when the nifty would be witnessing a similar kind of an up move. There is a high probability we might see some profit booking which is rational in nature. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
While the long term trend stays in favor of bulls, there will be small corrections as we have seen last week. A correction where select stocks witness some decline and other inching higher, so there will be a situation where some investors will feel that their portfolios are under performing while others may not see it that way. As an investor it would be better to focus on fundamentals and continue to apply more filters while buying stocks. The
ETMarkets.com
15 mins read
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