Piotroski score, named after Stanford accounting professor Joseph Piotroski, is a number between ‘0’ and ‘9’ used to assess the strength of a company’s financial position. Financial investors use the score to find the best-value stocks.
Listed below are the midcap stocks that have a high Piotrowski score and are trading at discount from their 52-week high:
Vedant Fashions Ltd
With a market capitalization of Rs. 24,009 crores, the shares of the textile company started Wednesday’s trading session on a higher note at Rs. 997 compared to its previous close of Rs. 987. During the trading session, the shares hit a low of Rs. 984, making a loss of around 2 percent and are currently trading at Rs. 989 apiece. The company has a Piotroski score of ‘8’.
The company hit its 52-week or all-time high in December 2023 at Rs. 1,481.35 and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 33 percent.
Coming onto the company’s financial statements, the revenue zoomed by 117 percent from Rs. 218 crores during the September quarter to Rs. 474 crores in the December quarter. In addition, the net profits magnified by 222 percent from Rs. 49 crores to Rs. 158 crores during the same period.
Emami Ltd
With a market capitalization of Rs. 20,651 crores, the shares of the FMCG company started Wednesday’s trading session on a higher note at Rs. 470.35 compared to its previous close of Rs. 466.65. During the trading session, the shares hit a low of Rs. 466, making a loss of around 1 percent and are currently trading at Rs. 468 apiece. The company has a Piotroski score of ‘7’.
The company hit its 52-week or all-time high in January 2024 at Rs. 588.65 and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 21 percent.
Coming onto the company’s financial statements, the revenue increased by 15 percent from Rs. 865 crores during the September quarter to Rs. 996 crores in the December quarter. In addition, the net profits zoomed by 45 percent from Rs. 180 crores to Rs. 261 crores during the same period.
Star Health and Allied Insurance Company Ltd
With a market capitalization of Rs. 33,325 crores, the shares of the insurance company started Wednesday’s trading session on a flatter note at Rs. 566.15. During the trading session, the shares hit a high of Rs. 572, gaining around 1 percent and are currently trading at Rs. 569 apiece. The company has a Piotroski score of ‘7’.
The company hit its 52-week or all-time high in September 2023 at Rs. 674.95 and, comparing the same with the current stock price prevailing in the market, there is a discount of approximately 16 percent.
Coming onto the company’s financial statements, the revenue increased by 3 percent from Rs. 3,462 crores during the September quarter to Rs. 3,578 crores in the December quarter. In addition, the net profits zoomed by 132 percent from Rs. 125 crores to Rs. 290 crores during the same period.
Written By Vaibhav Patil
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