The Piotroski score, which ranges from zero to nine, represents nine parameters used to analyse the strength and financial position of a company. It is used to rank the best-value stocks, with nine being the best and zero indicating the worst.
Following are the three AI stocks with a high Piotroski score of up to 8.
Zensar Technologies Limited
With a market capitalisation of Rs. 16,706.6 crores and a Piotroski score of 7, the shares of a leading experience engineering and technology solutions company rose by 1.2 percent on BSE to reach an intraday high of Rs. 760.95 during Friday’s trading session, compared to its previous closing price of Rs. 751.75.
On a year-on-year basis, the company reported a significant 1.4 percent increase in revenue from operations, rising from Rs. 1,212.6 crore in Q4 FY22-23 to Rs. 1,230 crore in Q4 FY23-24, while the after-tax profit stood at Rs. 173.3 crore in Q4 FY23-24 from Rs. 119.2 crore in Q4 FY22-23, reflecting a growth of 45.4 percent.
The stock delivered positive returns of around 93 percent in one year, as well as nearly 21.6 percent returns year-to-date.
Zensar Technologies Limited is engaged in the business of providing a complete range of IT Services and Solutions, while its industry expertise spans across manufacturing, retail, media, banking, insurance, healthcare and utilities.
Bosch Limited
With a market capitalisation of Rs. 1.03 lakh crores and a Piotroski score of 8, the shares of a leading supplier of technology and services rose by 1.2 percent on BSE to reach an intraday high of Rs. 35,669 during Friday’s trading session, compared to its previous closing price of Rs. 35,244.4.
On a year-on-year basis, the company reported a significant 4.2 percent increase in revenue from operations, rising from Rs. 4,063.4 crore in Q4 FY22-23 to Rs. 4,233.4 crore in Q4 FY23-24, while the after-tax profit stood at Rs. 564.4 crore in Q4 FY23-24 from Rs. 400 crore in Q4 FY22-23, reflecting a growth of 41 percent.
The stock delivered positive returns of around 83 percent in one year, as well as nearly 57 percent returns year-to-date. Bosch, a German-based multinational conglomerate, is a leading global supplier of technology and services.
In India, Bosch is a leading supplier of technology and services in the areas of Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology.
RateGain Travel Technologies Limited
With a market capitalisation of Rs. 9,397.2 crores and a Piotroski score of 8, the shares of a leading provider of AI-powered SaaS solutions for travel and hospitality rose by 1.6 percent on BSE to reach an intraday high of Rs. 817.4 during Friday’s trading session, compared to its previous closing price of Rs. 804.3.
On a year-on-year basis, the company reported a significant 40 percent increase in revenue from operations, rising from Rs. 183 crore in Q4 FY22-23 to Rs. 255.8 crore in Q4 FY23-24, while the after-tax profit stood at Rs. 50 crore in Q4 FY23-24 from Rs. 33.8 crore in Q4 FY22-23, reflecting a growth of 48 percent.
The stock delivered positive returns of around 81.8 percent in one year, as well as nearly 11.6 percent returns year-to-date.
Founded in 2004, RateGain Travel Technologies Limited is a global provider of AI-powered SaaS solutions for travel & hospitality, and is one of the world’s largest processors of electronic transactions, price points, and travel intent data.
Written by Shivani Singh
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