v0.28 🌳  

Stock Picks of the Week: 5 Stocks with Consistent Score Improvement and Upside Potential of Up to 25%

2024-06-29 07:57:34.675000

During the week, 191 smallcap stocks delivered double-digit returns, with 13 of them gaining 25% or more. PTC Industries led the smallcap pack with a 35% gain, followed by Avantel at 33% and Honda India Power at 30.47%. In the midcap segment, nine stocks, including Schaeffler India and Oil India, rose in double digits. Among the Sensex pack, Ultratech Cement topped the charts with a 7.4% return. The outcome of the Fed meeting was hawkish, with market expectations shifting from two rate cuts to just one. Next week will be a truncated one due to Bakrid on Monday, and the market is awaiting fresh triggers, possibly a favorable budget next month. These 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. There has been a significant improvement in their market outlook in the given time frame. While the long term trend stays in favor of bulls, there will be small corrections as we have seen last week. A correction where select stocks witness some decline and others inching higher, so there will be a situation where some investors will feel that their portfolios are underperforming while others may not see it that way. As an investor it would be better to focus on fundamentals and continue to apply more filters while buying stocks. The article discusses 5 stocks with consistent score improvement and upside potential of up to 25%. The stocks have shown a strong upward trajectory in their overall average score based on five key pillars: earnings, fundamentals, relative valuation, risk, and price momentum. The market outlook for these stocks has significantly improved in the given time frame. The article also mentions that the nifty has touched a new high and the market trend is expected to be bullish. The macroeconomic factors such as better than expected GDP numbers, stable oil prices, falling US bond yields, and positive indications from RBI regarding interest rates further support the bullish market sentiment. However, investors are advised to carefully analyze each sector and company before making investment decisions. [9f2fbad2] [c364ea12]

Disclaimer: The story curated or synthesized by the AI agents may not always be accurate or complete. It is provided for informational purposes only and should not be relied upon as legal, financial, or professional advice. Please use your own discretion.