‘Piotroski Score’, named after Chicago Accounting Professor Joseph Piotroski, is a discrete score between ‘0’ and ‘9’ that reflects nine distinct criterias used to determine the strength of a firm’s financial position. The said score is used to determine best-value stocks.
Listed below are four high Piotroski score stocks in the portfolio of Goldman Sachs, a leading Global Financial Institution, that one should keep an eye on:
KEI Industries Limited
With a market capitalization of Rs 32,200.40 crores, the stocks of KEI Industries Limited, engaged in the business of manufacturing wires and cables, started their trading session on Friday at Rs 3,567.45 and closed the session at Rs 3,568.25, slipping approximately 0.50 percent compared to the previous closing levels of Rs 3,587.15 apiece. The company’s stock portrays a piotroski score of ‘8’.
The latest shareholding pattern data of the company showcases Goldman Sachs holding around 9.05 lakh equity shares equivalent to a 1.00 percent stake in the company.
Having a glance at the financials, the company’s basic business parameters, viz, its operating revenues as well as after-tax profits, showed positive movements with the former moving up from Rs 1,947 crores during Q2FY24 to Rs 2,062 crores during Q3FY24, and the latter, shifting from Rs 140 crores to Rs 151 crores.
Team Lease Services Limited
With a market capitalization of Rs 5,113.26 crores, the stocks of Team Lease Services Limited, providing employment-related services such as staffing, recruitment, training, etc, started their trading session on Friday at Rs 3,034.60 and closed the session at Rs 3,049.25, gaining approximately 0.80 percent compared to the previous closing levels of Rs 3,024.50 apiece. The company’s stock portrays a piotroski score of ‘8’.
The latest shareholding pattern data of the company showcases Goldman Sachs, across all its funds, holding around 10.18 lakh equity shares totaling a 6.08 percent stake in the company.
Having a glance at the financials, the company’s basic business parameters, viz, its operating revenues as well as after-tax profits, showed positive movements with the former moving up from Rs 2,273 crores during Q2FY24 to Rs 2,445 crores during Q3FY24, and the latter, shifting from Rs 28 crores to Rs 31 crores.
Gravita India Limited
With a market capitalization of Rs 7,494.07 crores, the stocks of Gravita India Limited, one of the largest lead producers in India, started their trading session on Friday at Rs 1,102.05
and closed the session at Rs 1,085.50, slipping approximately 1.20 percent compared to the previous closing levels of Rs 1,098.75 apiece. The company’s stock portrays a piotroski score of ‘8’.
The latest shareholding pattern data of the company showcases Goldman Sachs holding around 11.99 lakh equity shares equivalent to a 1.74 percent stake in the company.
Having a glance at the financials, the company’s basic business parameters, viz, its operating revenues as well as after-tax profits, showed movements in opposing directions with the former, on one end, moving down slightly from Rs 836 crores during Q2FY24 to Rs 758 crores during Q3FY24, and the latter, on the other end, moving up from Rs 59 crores to Rs 61 crores.
Pricol Limited
With a market capitalization of Rs 4,943.51 crores, the stocks of Pricol Limited, engaged in manufacturing and selling instrument clusters and other allied auto components, started their trading session on Friday at Rs 402.55 and closed the session at Rs 405.60, gaining approximately 0.60 percent compared to the previous closing levels of Rs 403.35 apiece. The company’s stock portrays a piotroski score of ‘9’.
The latest shareholding pattern data of the company showcases Goldman Sachs holding around 26.93 lakh equity shares equivalent to a 2.21 percent stake in the company.
Having a glance at the financials, the company’s basic business parameters, viz, its operating revenues as well as after-tax profits, showed movements in opposing directions with the former, on one end, moving down slightly from Rs 578 crores during Q2FY24 to Rs 573 crores during Q3FY24, and the latter, on the other end, moving up from Rs 33 crores to Rs 34 crores.
Written by Amit Madnani
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