Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 32%
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Synopsis
After many months of strong rally, for the last three weeks, the stock market has witnessed what can be called a correction. It has been different from previous corrective moves, along with nifty and sensex, even the broader market breadth in mid and small cap segment saw stocks shedding weight. In such times, if one is looking to buy stocks it would be better to look at stocks where some fundamentals developments have made analysts turn bullish on them. 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.
As the earning season gets kick started this week, the reaction of the street would be an important thing to watch. As usual it would be getting kicked off with large IT companies announcing their results. Now expectations and price action have a strong relationship on Dalal Street. At this point of time expectations are not very high from the IT sector but reaction could be strong given the fact they are over owned by foreign investors. So
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