Weekly Top Picks: 4 stocks with score improvement and upside potential of up to 39%
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Synopsis
As more stocks from different sectors see an improvement in their analyst scores, it is important to be selective before being bullish when looking at stocks. The 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.
Expectation and price action at the time of the earning season have a strong relationship. The Q1 earning season for FY 24 has started at a time when all the corners of dalal street are under the control of bulls. This is exactly the opposite of the situation in April 2023, when the season was starting with bulls just making their first attempt to come back after getting a serious drubbing by bears in the first three months of 2023. Why it is
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