Stock picks of the week: Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 46%

Synopsis

With each passing session, it is clear the bulls are making a comeback. The way market breadth has improved, it is evident that more segments of the market are participating in the recovery kicked off after the Maharashtra election results. Being bullish is good, but being selective is equally important in the current market. Especially when it is clear that global events can still bring back volatility. On our list today are stocks that have witnessed a continuous rise in their score in the last one month. These stocks depict a strong upward trajectory in their overall average score. This is based on five key pillars – 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 way the market performed on Friday – a sharp bounce from the low of the day – again confirms that the bulls are back in action. And if there is no major issue in the global financial markets, the probability of bulls taking control over all segments of the market is high. The only thing going against them is valuations. Even after the deep correction of October-November, valuations are still at a level where they cannot be called fairly

ETMarkets.com

Dec 14, 2024, 05:00:00 AM IST

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