6 largecap stocks from different sectors with upside potential of up to 32% The markets are in corrective mode, if one looks at the markets breadth it is not as bad as it normally is when such corrective moves have happened in the early part 2023. 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. The nifty and sensex has been witnessing for the last seven weeks was finally felt by the large majority of stock last Tuesday. This week once again markets are in corrective moves and unlike in the past when mid and small caps were able to keep their head above water, even some part of the mid-cap markets have slipped sharply. We take a look at stocks which have shown outperformance in the phase of volatility in the nifty of the last few weeks. Outperformance can be measured in a couple of ways: either the stock has not fallen as much as the Nifty or it has been able to move up even if the index has slipped southward and when Nifty witnessed a recovery, it was among the first to gain. Below is a list containing stocks which in the past 1 month gave positive stock returns; had their latest average SR+ score improve by at least 1 point month on month, had a positive Upside Potential and a rating of “Strong Buy” or “Buy”. Will these stocks move up faster when the market recovers on a sustained basis is something to watch out for. Large Cap Stocks with Score Improvement Month on Month Upside Potential - Sep 21, 2023 MISSING: summary MISSING: current-rows. MISSING: sort-direction / descending MISSING: sort-column Company Name Latest Avg Score Avg Score 1M ago Reco Analyst Count Upside Potential % 1M Return % Inst Stake % Market Cap Rs Cr Prestige Estates Projects 7 6 Strong Buy 18 32.8 7.8 25.4 24,078 Star Health & Allied Insurance 7 6 Buy 19 28.0 0.7 13.6 36,377 Carborundum Universal 7 6 Buy 11 27.4 6.6 37.1 22,048 Solar Industries India 10 9 Buy 7 23.8 5.7 19.6 41,588 Bank of Baroda 10 9 Buy 31 21.8 11.4 20.7 110,434 Max Healthcare Institute 7 6 Buy 13 20.9 3.9 56.0 53,898 Calculated from highest price target given by analysts source:et
Sep 22 2023, 10:50