Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 25%

Synopsis

Every now and then the nifty keeps witnessing volatile movement, the difference this week was amidst all the intraday volatility because the bias of volatility has changed, nifty was able to touch a new high. Also because market breadth was positive, the trend for the majority would be bullish. Given the fact that macros are shaping for good, it appears that there is no reason for bulls to leave their control any time soon. While being bullish, be ready for a phase of volatility. 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.

There is sunshine all around, better than expected GDP numbers, stable oil prices, falling US bond yields and clear indication from RBI that things are on track as far as interest rates concerned 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 and their

ETMarkets.com

Jun 29, 2024, 01:08:00 PM IST

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