These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analysts
Synopsis
The Nifty and Sensex are correcting. A closer look, however, reveals that the correction is not as strong as it could have been. The correction has to be seen in the context that, at this time of the year, markets anyway tend to be more volatile. Yes, companies that are disappointing the street with their Q2 numbers are getting punished. But it is not leading to strong across-the-board weakness. At this point, there is a high probability that, given there are no global hiccups, this phase of correction will pass without major damage to individual stocks. ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, and having an average recommendation rating of “Buy” or "Strong Buy". This predefined screener is only available to ET Prime users.
As the Q2 earning season sets in, the street is getting into stock-specific mode. In terms of the macro picture, volatility anyway tends to be high at this time of the year. So the question investors should ask is: Does the current profit-booking run the risk of turning into a more timewise correction?You will find the answer to this question by keeping an eye on market breadth. If the market breadth is not positive for consecutive days, it
ETMarkets.com
16 mins read
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