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    These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20%

    Synopsis

    As the street grapples with what will be the final come out of elections, the street is witnessing two things, unwinding of the long position which were taken after the exit poll showed a comfortable win for ruling BJP and also fresh short position being created. Whatever may be the final outcome, it would be better to stick to the basic principle of investing, that is looking at fundamentals and developments in the sector and only when things are positive on both the front then only go ahead and take a decision. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.

    One day euphoria, second day all around pessimism, this is what two days of movement of nifty and broader market can be summed up. While the clarity will come in some time but one thing which again gets reminded is that corrections are part of any bull run, the only thing any investor needs to make sure that in any corrective phase, fresh investment should be made in large cap stocks as there is a possibility that they would see less damage in
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    The Economic Times