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    Stock picks of the week: 6 stocks with consistent score improvement and upside potential of up to 25%

    Synopsis

    As the nifty once again forms a new high and crosses some of the psychological barriers. The mood of the markets is clearly bullish, while it might appear that one is trying to spoil the party, by adding words like caution and high valuations at this point of time. The fact remains that it pays to be cautious in terms of selecting stocks when it is a bullish time. So be selective, avoid impulsive investing, and keep reviewing one’s portfolio and stay away from penny stocks especially. We look at stocks which have witnessed a continuous rise in their score in the last one month. 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.

    There is sunshine all around, better than expected GDP numbers, further decline in oil prices, falling US bond yields and clear indication from RBI that it is in no mood to increase interest rates any further. So while macros are bullish and could not get better, it is time to spend some time in understanding what stocks are you buying and why that stock at this point of time only. As an investor, one needs to look at every sector and company
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    The Economic Times