rec: Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 38%

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Synopsis

Though the total number of stocks which have seen a consistent improvement in their overall score have come down. As compared to a basket of around 15 to 18 stocks, overall numbers of stocks have come down to 10. It is an indication of volatile markets of the last four weeks showing its impact on the result of quantitative investing models. In one case, while the score has improved, overall recommendation remains as a “sell”. The stocks from sectors like new age platform companies, capital goods, have come to the list. The 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.

It is the second time in the last six weeks that there had been a correction which was more reflected in broader market breadth than nifty. On Friday, it was the mid-cap segment which suffered more cuts both in terms of numbers of stocks which have seen a decline but also the cut in mid-cap index was more than nifty and bank nifty. When valuations are high and sentiment is bullish, one thing which should be kept in mind is that volatility knocks

ETMarkets.com

14 mins read, Last Updated:

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