Accounting professor Joseph Piotroski established the Piotroski Score, a financial tool that evaluates a company's overall health and profitability. The tool assesses accounting parameters and assigns a score from 0 to 9, helping investors find potential investment possibilities based on financial strength. Here are the mid-cap stocks with a high Piotroski Score of up to [...]
The National Stock Exchange (NSE) withdrew the statement made, on the 23rd of February 2023, through a circular wherein the F&O contracts for the company were excluded from its operations. The withdrawal comes into play because of the interim relief provided by the National Company Law Appellate Tribunal (NCLAT). Moreover, the company, as of today, [...]
Beauty and fashion e-tailer FSN E-commerce Ventures’ (Nykaa) share price declined to the tune of 6.22% on Tuesday’s trades. This happened after the company’s net profit for the third quarter nose-dived, leading to investor disappointment. Analysts said that the company’s results were a mixed bag. It met growth expectations, but its margins undershot for both [...]
The shares of Oil India Limited were trading more than 7 percent higher till the afternoon on Monday at Rs 238 levels after the company reported its highest-ever quarterly net profits. In Q3FY23, their total revenue from operations stood at Rs 10,580.55 Crore, an increase of 38 percent Year on Year from Rs 7,685.49 Crore. [...]
Pipe manufacturer Astral’s board of directors in their meeting held on Tuesday, February 07, 2023, considered and approved the issue of bonus shares in the proportion of 1:3, or 1 equity share for every three shares held as of the record date. The Company has fixed Tuesday, March 14, 2023, as the Record Date, for [...]
The shares of Coforge Ltd rallied 7.15% to reach an intraday high of ₹ 4250.00 apiece on the National Stock Exchange (NSE). The IT services provider reported better-than-expected net profit for the October to December quarter (Q3FY23), which is a seasonally weak quarter. Its shares were trading at ₹ 4210.60 apiece at 12:36 PM on [...]
The Piotroski score is a score between zero and ten, used to determine the best value stocks, with nine being the best and zero being the worst. It uses nine parameters to determine the strength of a firm's financial position. These parameters include net income, operating cash flow, quality of earnings, return on assets, leverage, [...]
The shares of National Standard (India) Ltd opened at Rs 4,770 and rallied to hit an upper circuit of 20 percent in the early hours of the last trading day of the week. The stock has gained more than 40 percent in the last five days after it posted strong quarterly earnings. In Q3FY23, the [...]
Telecom Operator Vodafone Idea recently sought emergency funds of at least ₹ 7,000 crores from local banks, according to reports. It approached the State Bank of India, Punjab National Bank, HDFC Bank and IDFC First Bank amongst others. However, lenders could wait for capital infusion by its promoters— India’s Aditya Birla Group and UK’s Vodafone [...]
The shares of Sona BLW Precision Forgings surged 8.37% on Tuesday’s early trades to reach an intraday high of ₹ 457.85 apiece on the National Stock Exchange (NSE). It is a mid-cap company with a market capitalization of ₹ 24,714 crores. The company announced the acquisition of a 54% stake and voting rights in Novelic, [...]
