Synopsis
As the Nifty and Sensex make another attempt to resume their upward journey, the market seems to be getting into stock-specific mode. With market breadth in a sort of equilibrium zone, the chances are that, in the next few weeks, volumes will be low, with phases when even a bit of selling can see individual stock prices tumble. So, be cautious if you are increasing exposure for the short term. On our list today are stocks that have witnessed a continuous rise in their score in the last one month. These stocks depict a strong upward trajectory in their overall average score. This 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 all probability, the India-focused selling by FIIs is over, and the domestic market is now likely to move in line with global markets. This is where both medium- and long-term investors need to be cautious.There is a high chance that we are going to see more volatility, and given that the valuations are high, you should be cautious when buying. Also take into account the fact that there is a possibility of adjustment in the currency market,
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