Looking for stocks with strong financials? Check this out

Stocks with strong financials

by 5paisa Research Team Last Updated: May 25, 2022, 02:10 PM IST

Markets are moving in a range-bound fashion with a negative bias. However, accumulating stocks with strong financials in such a scenario is a wise thing to do. Read on to find out more. 

Markets today opened the session in green with modest gains in the highly volatile market. On the sectoral front, metals, banks, and financial services began the session nearly one per cent higher followed by Pharma and FMCG with slight gains. 

At the time of writing, Nifty 50 futures was trading down by 0.71% (115 points) at 16,068 as it faced rejection at 16,200 to 16,400 levels. Speaking about broader markets, the Nifty Mid-Cap Index and Nifty Small-Cap index are underperforming benchmark indices with both of them down about 1.5% to 2%, respectively. 

Having said that, accumulating stocks with strong financials makes more sense and nothing better than seeking companies with high Piotroski score. 

What is Piotroski score? 

The Piotroski score is a discrete score ranging from zero and nine where the companies are put through nine criteria where one criterion carries one point. This score is used to understand the financial strength of a company. This is particularly popular among the value investors where a score of nine is the best and zero is the worst. Piotroski score majorly checks the company’s profitability, leverage, liquidity, source of funds and operating efficiency. 

Below is the list of top Nifty 500 stocks with high Piotroski score. 

Stocks 

Piotroski Score 

CMP (Rs) 

ROE (%) 

PE TTM 

Price to Book 

Revenue QoQ Growth (%) 

Easy Trip Planners Ltd. 

457.3 

46.5 

87.9 

61.1 

98.1 

Steel Authority of India Ltd. 

71.6 

25.1 

2.4 

0.7 

21.8 

Vedanta Ltd. 

302.4 

29.8 

6.0 

1.5 

16.8 

Uflex Ltd. 

557.1 

16.5 

4.0 

0.7 

14.4 

Rain Industries Ltd. 

151.3 

9.7 

7.8 

0.8 

10.2 

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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SENSEX
53,018.94
-8.03 (-0.02%)
Nifty 50
15,780.25
-18.85 (-0.12%)
Nifty Bank
33,425.10
155.20 (0.47%)

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