Top midcap stocks with a high Piotroski score

Top midcap stocks with a high Piotroski score

by 5paisa Research Team Last Updated: 2022-03-02T14:58:40+05:30

With markets trending downwards, investing in companies with sound financials makes sense. In this article, we would be listing top midcap stocks having high Piotoski score.

Nifty 50 had a weak opening today amid global cues and is presently trading around 16,650 levels down compared to Monday’s close of 16,794. Yesterday markets were closed on account of Mahashivratri. Having said that, at present market’s (Nifty 50) 200 Day Exponential Moving Average (EMA) is acting as a very strong resistance, whereas 16,203 and 16,356 is acting as a very good support zone.

The markets now would consolidate until any major development is witnessed in the geopolitical tension between Russia and Ukraine. However, markets still hold the downwards bias as they made a lower low on February 24, 2022. Having said that, it makes complete sense to gradually accumulate stocks with sound financials and nothing better than looking at companies with high Piotroski score.

What is the 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 carry one point. This score is used to understand the financial strength of a company. This is particularly popular among the value investors where the score of nine is the best and zero being the worst. The Piotroski score majorly checks the company’s profitability, leverage, liquidity, source of funds and operating efficiency.

Below is the list of the top 10 midcap stocks with a high Piotroski score.

Stocks 

Piotroski Score 

Last Traded Price (Rs) 

Market Cap (Rs Crore) 

P/E TTM 

P/B 

Revenue QoQ Growth (%) 

Hindustan Aeronautics Ltd. 

1,387.8 

46,404.6 

12.9 

3.0 

6.10 

Emami Ltd. 

495.4 

22,019.0 

38.6 

12.5 

23.20 

Glenmark Pharmaceuticals Ltd. 

448.5 

12,655.2 

12.2 

1.8 

0.80 

Jindal Steel & Power Ltd. 

424.9 

43,338.4 

6.7 

1.4 

-8.00 

Torrent Pharmaceuticals Ltd. 

2,749.9 

46,534.6 

38.2 

8.0 

-1.40 

Steel Authority of India (SAIL) Ltd. 

96.4 

39,797.6 

3.0 

0.9 

-5.90 

Supreme Industries Ltd. 

2,042.4 

25,944.0 

23.7 

8.2 

0.90 

Balkrishna Industries Ltd. 

1,822.6 

35,233.0 

24.5 

5.9 

-1.30 

NHPC Ltd. 

27.4 

27,523.4 

7.9 

0.8 

-26.70 

Astral Ltd. 

1,941.8 

39,013.7 

75.5 

20.4 

-4.80 

 

Also read: Low price stocks: These stocks are locked in the upper circuit on March 2


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