In the last three trading sessions, sentiment came full circle. On Monday euphoria of the nifty crossing 20,000 mark, on Tuesday, the mid-cap index fell by more than 3 percent with extremely poor market breadth. On Wednesday, the market opens with a gap down and then stays in range bound mode while mid-cap stays under pressure. These are typical signs of impending volatility and during this period it might be better to stick with large cap stocks. Coming on the list is a private sector which has seen a major change at top level, along with a healthcare and PSU oil major. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
As nifty takes a breather after crossing the 20,000 mark the broader market continues in bullish mode making analysts bullish on select large cap stocks. Just till last week, stocks from different sectors were coming to the list, this week, stocks only from two sectors have made it to the list. private bank and fertilizer. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
"Largecaps Reliance, Apollo Hospital, and ICICI have great potential for growth and it is time to get overweight on these stocks. Tata Tele and JP Power are the midcap dark horse opportunities. Midcaps may be frothy but there is still value to be found. The Nifty is likely to reach 20,000 this month. Underlying positive global cues and strong macroeconomic fundamentals are driving factors."
While Nifty might be moving in a range bound mode for the last few weeks, the broader market continues in bullish mode making analysts bullish on select large cap stocks. Making to the list are companies from different sectors, right from an insurance provider to a private bank which has just seen a major change at the top and two new age companies. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Every industry has its own operating structure, right from the raw material supply chain to who the end consumers are and what are their needs. Like, in the case of infrastructure, it is government expenditure that drives the demand whereas raw material supply is largely domestic. In the case of an FMCG company, it is the disposable income at the hands of the common man that matters most. However, in the case of chemicals, what happens in China is more important than anything else. Similarly, for every industry, the range of financials, like ROE and ROCE would be a range rather than a single number. ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “hold” or a “buy” or a "strong buy".