Nifty touches new highs and then consolidates, some sectors are making a comeback across market cap categories. The interesting point, sectors which have under performed for more than a decade are witnessing some interest. The only difference, select stocks from those forgotten sectors have been able to make a comeback.
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Methodology used in filtering the list of stocks:
- Stocks with a minimum upside potential of 20%
The average price targets for all the stocks are calculated where analyst target prices are available over the next 12 months. This average price target is then compared with current market prices to arrive at the average upside potential or simply upside potential in percentage terms. The minimum upside potential should be of minimum 20% to fit into this list.
2. Stocks with a “Buy” or “Strong Buy” rating and with a minimum analyst count of 10
After step 1, stocks with only “Buy” or “Strong Buy” rating along with a minimum 10 analysts that have given the price target for the stock in question are considered and the rest are removed from the list.
- Stocks with a market capitalization of between Rs 5,000 crore and Rs 25,000 crore
In the final step, only stocks with a minimum market capitalization of Rs 5,000 cr and a maximum market capitalization of Rs 25,000 cr are selected and kept in the final list.
The final list arrived is as follows:
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score. Each stock is ranked on a scale of 1 to 10. A score of 8 to 10 is considered positive, 4 to 7 is neutral and 1 to 3 is given a negative outlook.