ICICIdirect.com brokerage analysts have come up with a list of seven stocks that have the potential to be outperformers. These stocks have been selected out of the universe of 918 NSE listed stocks on the basis of broad technical concepts and fundamental concepts. Technical concepts such as relative strength rankings, price structure analysis, and DOW theory bullish signals whereas fundamental concepts based on these companies having reasonable business models with decent management pedigree. The list of 7 stocks are given below:
|Stock||Buying Range (in Rs.)||Target Price (in Rs.)||Upside (in %)||Market Cap (in Cr.)|
|Dr Lal’s PathLabs||1,500-1,585||1,845||20||12,997|
|Navin Fluorine Intl.||1,430-1,510||1,780||21||7,444|
According to ICICdirect.com, “These stocks have the potential of return of 19% to 24% in a year”.