The Piotroski score is a discrete number that ranges from zero to nine and represents the nine factors that are used to assess how strong a company’s financial position is. The best value stocks are identified using the Piotroski score, where nine represents the best stock and zero represents the worst.
Here are the 4 stocks with a high Piotroski Score of 9.
Tata Chemical Ltd
The main goods produced by Tata Chemicals Ltd. are cement, salt, soda ash, soda bicarbonate, crushed refined soda, and marine chemicals. Glass, detergents, pharmaceuticals, and other top downstream brands in the world are served by the company’s chemistry solutions.
With a market capitalization of Rs 25,400.47 Crores. Tata Chemical Ltd, On Friday, The shares closed at Rs 997.05 a share, a decrease of 2.10 percent from the previous closing price. The company has a Piotroski score of ‘nine’.
Looking into the company’s performance, Tata Chemical Ltd’s revenue decreased by 5 percent from Rs 4,239 Crore in Q2FY23 to Rs 3,998 Crore in Q2FY24. During the same period, net profit decreased by 27 percent from Rs 680 crore to Rs 495 crore.
Fineotex Chemical Ltd
Fineotex Chemicals Ltd manufactures specialty and auxiliary chemicals for the paint, leather, water treatment, textile, building, and fertilizer industries.
With a market capitalization of Rs 4,027.37 Crores. Fineotex Chemicals Ltd, On Friday, The shares closed at Rs 363.65 a share, a decrease of 0.63 percent from the previous closing price. The company has a Piotroski score of ‘nine’.
Looking into the company’s performance, Fineotex Chemicals Ltd’s revenue increased by 8.2 percent from Rs 134 Crore in Q2FY23 to Rs 145 Crore in Q2FY24. During the same period, net profit increased by 47 percent from Rs 31 crore to Rs 41 crore.
Alufluoride Ltd
A well-known producer of aluminum fluoride is Alufluoride Limited. Mulagada, Andhra Pradesh, is where it was incorporated. With technology created by Alusuisse, Switzerland, it is the only company in Andhra Pradesh producing high-purity aluminum fluoride (AlF3).
With a market capitalization of Rs 410.42 Crores. Alufluoride Ltd, On Friday, The shares closed at Rs 524.80 a share, an increase of 0.97 percent from the previous closing price. The company has a Piotroski score of ‘nine’.
Looking into the company’s performance, Alufluoride Ltd’s revenue increased by 24 percent from Rs 35.86 Crore in Q2FY23 to Rs 44.63 Crore in Q2FY24. During the same period, net profit increased by 80.13 percent from Rs 3.32 crore to Rs 5.98 crore.
Nitta Gelatin India Ltd
Originating from India, Nitta Gelatin India Ltd mainly produces and distributes collagen peptides, ossein, and gelatin.
With a market capitalization of Rs 727.15 Crores. Nitta Gelatin India Ltd, On Friday, The shares closed at Rs 800.90 a share, an increase of 1.60 percent from the previous closing price. The company has a Piotroski score of ‘nine’.
Looking into the company’s performance, Nitta Gelatin India Ltd’s revenue decreased by 4.1 percent from Rs 146 Crore in Q2FY23 to Rs 140 Crore in Q2FY24. During the same period, net profit increased by 46 percent from Rs 15 crore to Rs 22 crore.
Written by:- Abhishek Singh
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