Top small-cap stocks with the highest Piotroski score

Top small-cap stocks with the highest Piotroski score

by 5paisa Research Team Last Updated: Dec 12, 2022 - 12:47 pm 12k Views
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Nifty 50 continues its rally from its low registered in September 2022. With strong domestic and global cues, investing in quality small-cap stocks makes more sense. Read on to find out more about such stocks.

Nifty 50 opened today’s session on a strong note and encouraging global cues. Moreover, it has also surpassed the important Fibonacci level of 78.6%. However, strong resistance is seen near the 18,200 level. Any movement above this level will start a fresh move northward. On the journey southwards, 17,800 and 17,600 would act as strong support.

After making a strong rally in July 2022, the S&P BSE Small-Cap index corrected nearly 8.5% to 9%. In the month of October 2022, the S&P BSE Small-Cap index traded range bound. Unlike large-cap indices, the valuations of small-caps are lower. This serves as a good opportunity to gradually accumulate fundamentally strong small-cap stocks. In this article, we would be listing top-quality small-cap stocks having higher Piotroski score.

What really is Piotroski's score?

The Piotroski score is a unique number between zero and nine. 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 finest and a score of zero being the worst. The Piotroski score examines the profitability, leverage, liquidity, source of money, and operational efficiency of a firm.

The following is a list of the top small-cap stocks having a high Piotroski score.

Stocks

Piotroski Score

CMP (Rs)

PE TTM

Price to Book

Revenue QoQ Growth (%)

Vadilal Industries Ltd.

9

2,217.6

19.6

5.4

83.8

Jindal Drilling & Industries Ltd.

9

310.2

7.8

0.8

3.9

West Coast Paper Mills Ltd.

9

617.0

8.9

2

4.4

Andhra Paper Ltd.

9

491.8

9.9

1.8

6.1

Accelya Solutions India Ltd.

9

1,293.5

20.3

7.4

11.8

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