Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 33%

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Synopsis

Besides the hit which nifty and sensex have taken, what is more important is that there are more declines than advances and that is largely due to market breadth in the mid-cap segment. This is indicative of continued profit booking happening at the broader market level. At this point of time, one cannot rule out more profit booking which can bring more damage to stock prices in the mid-cap segment. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. 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.

Last week, bears once again made a comeback, their appearance has become more frequent and it is very likely that we are going to see them more often at least for some time specially in mid-cap space. In such times it would be better for investors to focus on what is happening to the individual stocks they own and how the operating matrix of that sector is shaping up. Avoid taking decisions based on what is happening in nifty as there are high

ETMarkets.com

14 mins read, Last Updated:

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