After a phase of correction, where more than index it was the market breadth which witnessed cuts, bulls were once again making their move on the street. Before you once again become bullish, it is extremely important not to forget the fact valuations are still high. In such conditions, for investors who are looking to increase their exposure to stocks, it would be better to focus on fundamentals and if there is any improvement in them which has made the overall score go up in the last one month then have a look at those stocks. 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.
The correction which happened on the street has brought valuation only a few segments lower, still the large part of the market is in fairly valued to overpriced territory, for an investor it would be better to focus on fundamentals and continue to apply more qualitative and quantitative filters while buying stocks. The reason, when valuations are high, small corrections in broader market indices can lead to sharper cuts in individual stock
ETMarkets.com
13 mins read, Last Updated:
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