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    These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20%

    Synopsis

    While the correction has been going on in the market since the middle of July, it is only on days like Monday where everyone on the street feels that equity markets are correcting. It is only a matter of time that the concept of relative valuation will come into play and large caps will get more attention from the market. Stocks from different sectors are making to the list, this week, stocks from Oil refining and marketing, private banks, insurance, auto ancillary and fertilizer space. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.

    Finally it appears that bulls have decided to take some rest as global events are giving back some ammunition to bears. While sentiment might push one to ignore the valuations, but finally markets are governed by earnings and money which is chasing those earnings. At this point of time, it appears that the speed of the money which was chasing those earnings has considerably slowed down. When markets are trading with strong bullish bias, some of
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    The Economic Times