Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 34%
- Posted on November 4, 2024
- By Business News Today
- 1 Views
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 34%
The way the markets absorbed October’s FII selling tells us one thing: It is important to have a structure which encourages the flow of domestic money in the financial ecosystem. Now all eyes will be on how SIP flows to the equity markets pans out in the coming weeks and months. If there is no let up in the flows, it would suggest two things. One: Maturity of the Indian investor. Two: Breadth of the equity culture. But remember: Valuations are still high, and it may be a while before the market recovers. So, be cautious and selective when investing. Our selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars – 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.