Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 41%


Synopsis

After a phase of strong directional movement with a clear bullish bias, some volatility was witnessed at index level as both nifty and sensex witnessed strong moves. More importantly, it was the market breadth which was indicating that some profit booking was happening at the broader market level. One cannot rule out volatility with strong bearish bias and more damage to stock prices in the mid-cap segment. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. 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.

While the party continues on the street, it would be better for investors to focus on what is happening to the individual stocks they own and how the operating matrix of that sector is shaping up. The reason is simple, what happens in nifty is not reflecting underlying development in a particular sector and companies. It is what is happening at the micro level in a sector or an industry that finally determines the trajectory of earnings of that

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