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While the recent up move in large caps has made them cover some of the differential which has developed in the valuations between mid and large stocks. If one looks at the long term average, there is still a scope of mean reversion. It might happen in both ways, mid-cap witnessing some profit booking and large caps doing relatively well in the corrective phase of the markets. 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&quo...

Vedanta Ltd has rallied over 20% in the last 3 months, breaking out from a falling trendline pattern. Short-term traders can buy the stock now, with a target of Rs 295-300 in 4-6 weeks. The stock rose from Rs 227 to Rs 274 in 3 months, and it has risen over 9% in a month. After a price-wise correction, the stock found support above the 200-week moving average and hit a 52-week high of Rs 340. It is now trading above crucial short- and long-term moving averages, with a bullish momentum.

Close to 5 sessions of correction at the start of new year and then again bulls come back from holidays and take control of the market. For investors who are looking to increase their exposure to stocks, it would be better to focus on fundamentals and if there is any improvement in them that has made the overall score go up in the last one month then have a look at those stocks. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk, and price momentum. This implies that the...

In the last nine years, it has been government spending which has been at the forefront of capital expenditure. But if one goes by the recent estimates of sanctioned loans by the banks, there are indications that private sector capex which has been at the literally non-existent for quite some time might be coming back. Which sector in the capital good space will gain is a big question because capital goods and engineering is a very broad term. From a company making small machinery parts to one making a large turbine for power generation all tend to get clubbed together. But they are all differ...

Sometimes a rationale which goes against owning a set of stocks at the start of a bull run, comes in handy in the case of a correction in stock markets. There is one sector where business updates from companies talk in the common lingo. First one is: growth will be muted. Second, margins will be under pressure due to cost inflation and third, competition is increasing in different categories. The sector is FMCG where the narrative is that it is a bad time to buy FMCG stocks. Probably, it is time to take a contrarian call in this sector.