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2024

Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 37%

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Friday's movement of the Nifty and Sensex will make a number of people think again about volatility. While Friday ’s decline can be attributed to global events, the fact is that when valuations are high, the probability of volatility hitting the street is always high. So, it would be better to stay ready for volatility both for domestic and global reasons. At this point of time, if the global situation gets bearish, one cannot rule out more damage to stock prices. 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.