If there is nothing major in the budget, which spooks the markets or there is no major global development which disturbs the equilibrium, there is a high probability that we have entered into a new bull phase. A phase where due to valuation, the street would be more stock and sector specific. If one looks at the FII figures, unlike in the past few months before elections, when they are only keen to sell. Now there are days when they are buyers on the street. There are a set of investors who would probably be waiting for a budget, before making a move in Indian markets. Were that to happen, mid-cap stocks are likely to do extremely well. 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". This predefined screener is only available to ET Prime users.
