The Piotroski score is a number ranging from 0 to 9 that is used to analyze the financial soundness of a firm. Financial investors use the score to choose the best value stocks (with nine being the best). The score is named for Stanford accounting professor Joseph Piotroski.
Here are three Mukul Agrawal stocks high Piotroski score of 9:
Transpek Industry Ltd
Transpek Industry Limited manufactures and exports a wide range of chemicals to meet the needs of clients in a variety of sectors such as textiles, pharmaceuticals, agrochemicals, and advanced polymers.
With a market capitalization of Rs 1,076.28 crore, the shares closed at Rs 1,926.90 per share, decreased around 2.13 percent as compared to the previous closing price of Rs 1,968.90 apiece. The firm received a Piotroski score of ‘nine’.
The company’s revenue decreased by 44 percent, from Rs 216.17 crore in Q2FY23 to Rs 116.03 crore in Q2FY24. During the same period, net profit also decreased by 210 percent, from Rs 19.99 crore to Rs 2.99 crore.
JTEKT India Ltd
JTEKT India Ltd is principally engaged in the manufacture of steering systems and other auto components for passenger car and utility vehicle manufacturers in the automobile industry.
With a market capitalization of Rs 4,032.41 crore, the shares closed at Rs 165.00 per share, decreased around 0.75 percent as compared to the previous closing price of Rs 166.25 apiece. The firm received a Piotroski score of ‘nine’.
The company’s revenue increased by 2 percent, from Rs 571 crore in Q2FY23 to Rs 584 crore in Q2FY24. During the same period, net profit is stable at Rs 30 crore.
Pearl Global Industries Ltd
Pearl Global Industries Limited (PGIL) is a garment exporter that manufactures in different sourcing locations across India and South Asia. The product line comprises knits, wovens, and bottoms for men, women, and children’s apparel.
With a market capitalization of Rs 2,383.44 crore, the shares closed at Rs 547.15 per share, decreased around 4.29 percent as compared to the previous closing price of Rs 571.65 apiece. The firm received a Piotroski score of ‘nine’.
The company’s revenue increased by 11 percent, from Rs 860 crore in Q2FY23 to Rs 961 crore in Q2FY24. During the same time frame, net profit also increased by 50 percent, from Rs 26 crore to Rs 39 crore.
Written by:- Abhishek Singh
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
