Stocks to buy today: Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 40%
Synopsis
For almost two months now the market has been in volatile mode. But the way it is reacting to news and witnessing quick rebounds with positive market breadth, it is likely a recovery is underway that has some steam in it. Given that there might be more sightings of bulls, there is a case to be bullish. But be selective. For, while the bias might be changing, the fact is that events in the global market could still spark another round of volatility. Our selected stocks today 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.
The street has been talking of lower-than-expected GDP numbers for some time. And the confirmation came on Friday. Now, how the NIfty behaves on Monday would be a good indication of whether it has already formed a bottom. If the index does not lose a lot of weight and market breadth is positive, then, yes, the worst is over for the market. But given that volatility could still be sparked by global events, the question is: Should you be looking
- FONT SIZE
AbcSmall
AbcMedium
AbcLarge
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Why ?
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Clean experience with
Minimal AdsComment & Engage with ET Prime community Exclusive invites to Virtual Events with Industry Leaders A trusted team of Journalists & Analysts who can best filter signal from noise Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-







Comments
Post a Comment