Stock picks of the week: 5 stocks with consistent score improvement and return potential of more than 23% in 1 year
After four weeks of upward movement both at the index and market breadth levels, it is natural for some profit-booking to emerge. But given the GST rate rationalisation (which may boost consumption) and a likely India-US trade deal, the bias can be expected to be towards the bulls even in case of volatility. But as investors, you need to be selective and not forget that earnings are slowing and valuations are not cheap. The selected stocks on our list today 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.
After four weeks of upward movement both at the index and market breadth levels, it is natural for some profit-booking to emerge. But given the GST rate rationalisation (which may boost consumption) and a likely India-US trade deal, the bias can be expected to be towards the bulls even in case of volatility. But as investors, you need to be selective and not forget that earnings are slowing and valuations are not cheap. The selected stocks on our list today 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.
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