More than the Nifty and Sensex taking a beating, what is worrying is that market breadth across different segments is negative. The risk of the situation getting worse if the indices remain under pressure is high. Also, with valuations being on the higher side, any recovery in the market may take a while. Now, with the Q2 earning season set to start in the next few days, we may see the street punishing any disappointment in earnings numbers. So, be cautious and selective when putting in fresh money. These selected stocks depict a strong upward trajectory in their overall average score which 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.
