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    Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 39%

    Synopsis

    Yesterday, all thanks to news reports that change in tax laws might be getting tweaked, once again bears were spotted on the street. Though by evening, all those reports were denied by the government. The fact is that because valuations are high the extent to damage was higher. There is a probability of a selective correction taking place, which is essentially led by the profit booking. At this time if one is looking to increase exposure, it would be better that they should look for stocks where there are some improvements in the business operating matrix that tend to weather the storm better. 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.

    Given the way markets have reacted on Friday, it would be better that both investors and traders should be more cautious in terms of the quality of the stocks they are buying. The reason, small corrections in broader market indices can lead to sharper cuts in individual stock prices but there is a fundamental reason why the sector and the stock is moving upward, there is a higher probability that even if the market witnesses correction the stock
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    The Economic Times