Are you looking for stocks with solid financials? Take a look at this!
Markets are trading in a range-bound pattern with a bearish tilt. In such a circumstance, it is prudent to own stocks with excellent financials. Continue reading to learn more.
Today's session began in the green, with small gains in the very volatile market. Metals, banks, and financial services started the session about 1 per cent higher, followed by Pharma and FMCG with minor gains.
At the time of writing, Nifty 50 futures were down 0.71 per cent (115 points) at 16,068 as they confronted resistance between 16,200 and 16,400. In terms of broader markets, the Nifty Mid-Cap Index and the Nifty Small-Cap Index are both lagging benchmark indices, down approximately 1.5 per cent to 2 per cent, respectively.
However, acquiring stocks with excellent financials makes more sense, and nothing beats looking for businesses with a high Piotroski score.
What is Piotroski's score?
The Piotroski score is a discrete number ranging from zero to nine in which businesses are evaluated using nine criteria, each of which is worth one point. This score is used to determine a company's financial strength. This is very popular among value investors, with a score of nine being the greatest and a score of zero being the worst. The Piotroski score examines the profitability, leverage, liquidity, source of money, and operational efficiency of a company.
The following is a list of the top Nifty 500 stocks having a high Piotroski score.
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Stocks
|
Piotroski Score
|
CMP (Rs)
|
ROE (%)
|
PE TTM
|
Price to Book
|
Revenue QoQ Growth (%)
|
|
Easy Trip Planners Ltd.
|
8
|
457.3
|
46.5
|
87.9
|
61.1
|
98.1
|
|
Steel Authority of India Ltd.
|
8
|
71.6
|
25.1
|
2.4
|
0.7
|
21.8
|
|
Vedanta Ltd.
|
8
|
302.4
|
29.8
|
6.0
|
1.5
|
16.8
|
|
Uflex Ltd.
|
8
|
557.1
|
16.5
|
4.0
|
0.7
|
14.4
|
|
Rain Industries Ltd.
|
8
|
151.3
|
9.7
|
7.8
|
0.8
|
10.2
|