- 1 FUNDAMENTAL SCREENER FOR INDIAN STOCK MARKET
- 2 What to look for in the best fundamental stock screener for your Investment Needs.
FUNDAMENTAL SCREENER FOR INDIAN STOCK MARKET
What is a Stock Screener?
A screener is a tool that investors in the stock market used to bring out results defined by various metrics.
Fundamental stock screeners for the Indian stock market are easily found on the online website they are a better way of analyzing than the desktop application. The usual metrics that investors use to filter the companies or narrow down to a company are PE Ratio, Debt to Equity Ratio, Dividend Yield, M Cap, EPS, DPS, P&L, Return on Investment, Return on Capital, etc.
The tool is used to find performance improvements, relative analysis, sector relative analysis, market opportunities, change in basic metrics, bargain buys, dark horses, etc.
Contemporary screening tools have advanced so much that there are readily made screeners, screener along with the rating, rule based screener etc. Screeners are also available based on top investor predefined metrics for selecting stocks.
The screeners are broadly classified into two fundamental screener and technical screener.
In this article, we are going to explore the various screener available for the Indian Stock Market which is actively used by Investors.
Caveat screeners are not used to predicting the movement of the stock price. It is purely used to narrow down to one stock based on fundamental metrics and comparison tool.
Over to the Various Stock Screeners
What to look for in the best fundamental stock screener for your Investment Needs.
- Free to Use
- Classified Metrics
- Coverage BSE & NSE
The criteria option is fantastic. Once you start using it, you’ll enjoy since it gives the most important information is the best possible way.
The results are very spontaneous. You can also click on the criteria to arrange in a certain order as you desire.
You can also click on the company name which will take you the Google Finance which has many chart options. It also has a live chart.
Google finance does not give your fundamental details of the company. This is a disadvantage using Google Finance.
“Built by the Investors. Designed for the Investors.” – Screener.in
- Free to Use
- Predefined Screens
- Add your Own Screen
- Custom Query Builder
- Watch List
Screener.in has an amazing concept where you can use the ready screens. It is a unique feature that most others do not offer.
If you are an investor you will not change your stock screening process on a daily basis. Also, you can register yourself here and ensure that you get notifications on additions or changes in the result of the screener.
You can set alerts on the stock screens and also have the option of customizing the columns.
One can also click on the company to get company specific details. You would be taken to another page where all the company information will be available for further analysis.
Once you have reached the final company you can decide to add to the watch list and also you can export to excel.
You would enjoy going through all the available screeners.
- Free to Use
- Watchlist and Alert
- Top Screens
- My Screen Options
- Sectorwise & Exchangewise Options
- Easy Drag and Drop
This screen uniquely integrates risk based screens. It covers all the basic screen required for narrowing down a stock.
The results are in details and are downloadable. Can be added to watch list right from the page. Also, has the option of fundamental, technical and candlestick in the same page.
Directly from the report, one can go to the company info page. All the details of the particular company will be available there. In this page, you get all the details required about the company right from adding to alert and watch list, news, and reports, analysis, comments, and summaries.
- It is a Paid Tool
- They do an in-depth analysis.
- Screen Results are known as Superstar
- Yearly Plan
They have a concept of 10 years x-ray. All the companies are fundamentally analyses based on their ten years of fundamentals.
They are very focused.
1. Specific stocks directly at a discount from their fair value.
2. Index Funds, e.g., Nifty50
3. Select Mutual Funds based on unique selection criteria
Their screeners are very different from other. They have their own set of calculations and historical comparison which rate the stock and superstars. You have to buy those superstars.
Their ten years x-ray results are color highlighted. It can be classified based on sector or index.
They have a unique concept of MRP for the stock.
Because of this factor, their superstars are better at investing than the mutual fund. When you invest in a mutual fund, you are fully invested all the time. If the market is up or down, you are always invested in the Indian Stock market. You don’t get a chance to fundamentally value the company and buy them at a deep discount.
Which is not the case with the in value investing with moneyworks4me superstars.
Their assessment is classified into very good, somewhat good, and not good. Which is color coordinated.
This is their assessment based on continuous performance.
Once you narrow down to the company you will get a decision based on 10 year and long term prospect. The stock MRP price and also suggest you the right allocation for the enterprise.
After drilling or selecting the company, you will reach the company page where you will be able to see the financial of the company for the past ten years.
They have developed a perfect solution for a complex problem. Moneyworks4me have termed it as [email protected], which is a hypothetical value of the nifty index. They consistently analyze and backtest their analysis. This makes them better over a period. They have been doing this for more than a decade for the Indian Stock Market. Fundamentally they have analyzed on a regular basis if the stock market is over valued or not.
This performance report is color coordinated.
You can click here if you are interested in buying this. (We are not affiliated with this company and we do not earn anything if you buy from the company)
- Gurufocus is a Paid Tool
- Complex Screeners for Professional
- Ready Guru based Screeners
- Market Details
- Market News
- Value Screen
- Download | Tools Options
- Guru Based Picks
- Insider (Investor Insider)
- Ideas, Research, Guru’s Pick & Interviews
- Conference & Forums
They have a tutorial on how to use their tools in a detailed view.
It has all the fundamental points covered. They are professional screen providers to all over the world. They have options which include sophisticated filters and calculations.
Their Filters are also classified
- Valuation Ratio
- Customised (Recently Introduced)
The reason their tool is so popular is that you will get Stock Ideas for Indian Stock Market.
With in-depth research on Indian Stock Market, you would be assured to get value based ideas.
Their ready-made value screens are the best one can get.
The reason why they have such a large customer base all over the world and in India that they have a holistic product.
Some of their customer includes
- Investment Advisors
- Investment Advisors
- Mutual Funds
- Hedge Funds
- Family Offices
- Analysts Family Offices
- High Net Worth Individuals
- Individual Investors
Most people focus only on the company’s valuations. They focus also on market valuations. Believe me you many investors still ignore this as an important factor.
Some of the other additional tools which are included are
- Valuation Tools
- Portfolio App
- Personalized Guru List
- Real Time Guru Trades
- All-In-One Screener
- Interactive Charts
- Warning Signs/Good Signs
- Value Strategies
- Excel/CSV Downloads
It has loads of other feature, and they keep updating themselves with whatever recommendations they get. The best part is they are so confident about their product they give you money back guarantee. Why not just start with their FREE TRIAL and decide for yourself.
I make money on some of the links in this post at no cost to you.
No matter at which level investor you are. A screener is a must for your investing needs.
Almost all the free screener will provide you the stock selection from the Indian Stock Market. Guru Focus will do the work which is required form a professional screener. Also, a single good opportunity can actually pay itself for years.
Instead of paying for tipster and losing few lakhs of rupees. Guru focus sounds a much better opportunity for all screenings needs. Moneyworks4me seems to be an expensive option because little more bucks could give you access to Gurufocus.
If your focus is only part time investor and then screener.in will do the work.
Let me know if you have something to say in comments.
Also published on Medium.