Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 34% (2024)

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    Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 34% (3)

    Synopsis

    While the nifty and sensex have been touching new highs, if one looks at the market breadth, it is showing signs of profit booking. The way things are panning out, it is clear that divergence between what is happening to nifty and the broader market level might continue further. Nifty which has underperformed mid and small cap indices is witnessing a catch up. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. 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. This implies that there has been a significant improvement in their market outlook in the given time frame.

    As far as Nifty is concerned it appears to be out of reach of bears, but when it comes to broader market and specially midcap segment, they can be sighted more often in the last two weeks. One cannot rule out more sightings of bears in the coming weeks. So, it would be worthwhile for investors to prepare for two things, first it would be better for investors to focus on what is happening to the individual stocks they own and how the operating

    ETMarkets.com

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    Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 34% (4)

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    Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 34% (2024)

    FAQs

    What is the upside potential in the stock market? ›

    The upside is the potential for an investment to increase in value, as measured in terms of money or percentage. Upside is the opposite of downside, which determines the downward movement of a financial instrument's price. Analysts use fundamental or technical analysis to make predictions about movement.

    What are the 10 best stocks to buy right now? ›

    Sign up for Kiplinger's Free E-Newsletters
    Company (ticker)Analysts' consensus recommendation scoreAnalysts' consensus recommendation
    Nvidia (NVDA)1.31Strong Buy
    Amazon.com (AMZN)1.32Strong Buy
    Emerson Electric (EMR)1.32Strong Buy
    Microsoft (MSFT)1.33Strong Buy
    19 more rows

    What are the best growth stocks right now? ›

    9 Best Growth Stocks to Buy for 2024
    StockImplied upside over May 29 close*
    Meta Platforms Inc. (META)13.8%
    JPMorgan Chase & Co. (JPM)8.5%
    Tesla Inc. (TSLA)19.2%
    Mastercard Inc. (MA)22%
    5 more rows
    May 30, 2024

    Which stock will boom in 2024? ›

    5 best stocks to buy
    S.No.Top 5 StocksIndustry/Sector
    1.Shriram FinanceNBFC
    2.SBI Life InsuranceInsurance
    3.Axis BankBanking
    4.Mahindra & MahindraAuto
    1 more row
    3 days ago

    How to calculate the upside potential of a stock? ›

    The Price Target Upside metric is a daily calculation of the hypothetical return from the current price to the consensus Price Target. For example, if a company's current Price Target is $100, and they closed the last trading day at $80, they're Price Target Upside would show a value of 25%.

    What does upside potential mean? ›

    Financial Terms By: U. Upside potential. The amount by which analysts or investors expect the price of a security may increase.

    What is the fastest rising stock right now? ›

    Day Gainers
    SymbolName% Change
    CELHCelsius Holdings, Inc.+8.32%
    SSLSasol Limited+7.57%
    FUNCedar Fair, L.P.+7.52%
    IBRXImmunityBio, Inc.+6.86%
    21 more rows

    Which stock is increasing rapidly? ›

    FAST GROWING STOCK
    S.No.NameCMP Rs.
    3.Bajaj Holdings8210.30
    4.Lloyds Metals738.50
    5.Indraprastha Gas474.05
    6.Star Health Insu524.50
    23 more rows

    Which stock has high potential growth? ›

    HIGH GROWTH STOCKS
    S.No.NameCMP Rs.
    1.Gretex Industrie127.35
    2.Maha Rashtra Apx173.83
    3.Franklin Indust.6.93
    4.Digikore Studios387.80
    23 more rows

    What is the best stock to make money fast? ›

    Money Making Stocks To Invest In
    • Airbnb, Inc. ( NASDAQ:ABNB)
    • Novo Nordisk A/S (NYSE:NVO)
    • ASML Holding N.V. (NASDAQ:ASML)
    • Lockheed Martin Corporation (NYSE:LMT)
    • Cisco Systems, Inc. ( NASDAQ:CSCO)
    • PDD Holdings Inc. ( NASDAQ:PDD)
    • The Home Depot, Inc. ( NYSE:HD)
    • Booking Holdings Inc. ( NASDAQ:BKNG)
    Dec 30, 2023

    Which stock will boom today? ›

    Stocks to Buy Today
    STOCKACTIONTRADE PRICE
    SWANENERGYBUY663
    NOCILBUY277
    IDFCBuy121
    SCIBuy285
    1 more row

    What is the upside of a stock option? ›

    For speculators, options can offer lower-cost ways to go long or short the market with limited downside risk. Options also give traders and investors more flexible and complex strategies, such as spread and combinations, that can be potentially profitable under any market scenario.

    What is the upside-downside potential indicator? ›

    The upside/downside ratio is a market breadth indicator that shows the relationship between the volumes of advancing and declining issues on an exchange. Investors typically use this indicator to determine the momentum of the market at any given time.

    What is the upside in trading? ›

    Introduction: The upside in finance refers to the possible rise in value, gauged in cash or percentage of a given investment. Generally, the analysts utilise either fundamental analysis or technical analysis methods to foretell the ensuing worth of an investment, especially the prices of stocks.

    What are upside opportunities? ›

    Upside opportunity is the idea that any given strategy may have higher potential than what originally anticipated by management. Upside opportunity is the other side of risk. It is the chance that a given strategy will perform better than expected.

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