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Stock picks of the week: Stock picks of the week: 5 stocks with consistent score improvement and return potential of over 23% in 1 year

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  • Stock picks of the week: Stock picks of the week: 5 stocks with consistent score improvement and return potential of over 23% in 1 year
Stock picks of the week: Stock picks of the week: 5 stocks with consistent score improvement and return potential of over 23% in 1 year


Qries

Synopsis

What’s happening in one sector should not be taken as a sign of what’s happening in the market. But if it is banking and auto stocks which are leading a rally, the chances are that the market will see a higher upside in the near term. So, in the extreme short term, it would pay to be bullish. At the same time, it would be better to be cautious and look for quality stocks. And keep some powder dry and focus on buying for the long term. Our selected stocks for today 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.

In the last few days, it is not only the Nifty and Sensex that have moved up; the mid-cap indices have had an upward trajectory, and, importantly, market breadth has been positive. All this suggests the bulls may again make a comeback attempt. So, with the basic assumption that being bullish is better than being bearish and fearful, it might be time to bring select stocks onto your watchlist. While doing so, keep one thing in mind. Which is that

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