stock ideas: Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 27%
While the nifty has started 2024, in holiday mode as it trades flat, the other part of the market which is the mid and small cap are continuing with the party mode which they had started six months ago. This is reelected in the market breadth. In all market conditions, one should not forget the basic principle of investing, fundamental matters and valuations finally rule the markets. So before investing at this point of time have a look at both of them and if there is an improvement in fundamentals only then go for fresh buying in those stocks. 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.
In today’s market conditions, first have a look at what is happening in the underlying business. If there is any improvement in the business, then only look at that stock. Just because the stock price is moving upward that does not mean that the business is also improving. Finally it is the basics of business and whether they are improving which will matter. Look at what happened to sugar stocks, there was a short term development which
- FONT SIZE
Uh-oh! This is an exclusive story available for selected readers only.
Worry not. You’re just a step away.
Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors
Stock analysis. Market Research. Industry Trends on 4000+ Stocks
Clean experience with
Comment & 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/-