Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 33%
Synopsis
Even at the time of volatility movement with slightly more bearish bias which the nifty and broader market has witnessed in the last four weeks, some stocks have witnessed consistent improvement in their scores, which makes it worth looking at them. The stocks from sectors like power distribution, tech based marketplace, have come to the list. But this time there is a difference, a number of these stocks where the score has improved the recommendation has stayed as “ hold”. So, there is an element of caution which seems to have come into broader analyst recommendations.
Last quarter of the calendar year tends to see strong directional moves. A number of times in the last two decades, trend reversal has taken place in this period. As recently as October 2021, small and midcap stocks saw a change from bullish to bearish and these segments remained under pressure till April 2023. At this point of time we are in volatile markets, is this volatility which broader market indices like Nifty and Sensex have witnessed
ETMarkets.com
16 mins read
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