Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 41 %
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about 2 months ago
As the Nifty and Sensex continue to touch new highs with just minor corrective moves, it is the bulls who are in control of the street. In such conditions, a decision to hold current stocks is probably an easy one. The more difficult decision is: Which sectors and stocks should one look at when investing fresh money? Rather than looking at what is happening to stock prices, look at the underlying business. Finally it is the real business which matters and, even in a bullish market, sectors seeing real and positive change are likely to perform better. So look at stocks where analysts' outlook has improved over the last one month. These selected stocks depict a strong upward trajectory in their overall average score which 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.
Economic Times