Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 29%

Synopsis
The bullish mode and mood of the market, which is already in place on the street as the nifty touched new high, is likely to get a boost as the first indication of return of FPI comes to markets. The budget and the narrative which gets built post that is going to play an important role in that. Maintaining fiscal discipline and announcing continuing policy push for key sectors would be key for that. We look at stocks which have witnessed a continuous rise in their score in the last one month. 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 small profit booking moves where one or the other sectors keeps witnessing correction cannot be ruled out, there are greater chances the broader market mode and mood is likely to remain bullish. On the global front, if one looks at the overall flows, money has been moving out of emerging markets as set. While the US elections are still far away, they are going to play an important role in deciding how the global flows pan out. So, there is

ETMarkets.com

15 mins read, Last Updated:

Jul 01, 2024, 04:47:00 PM IST

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