The Piotroski score, which ranges from zero to nine, represents nine parameters used to analyse the strength and financial position of a company. It is used to rank the best-value stocks, with nine being the best and zero indicating the worst.
Following are a few mid-cap stocks with high Piotroski score of up to 7 trading at a discount of up to 49 percent to keep in your watchlist:
1. Bharat Dynamics Limited
With a market cap of Rs. 43,252.5 crores and a Piotroski score of 6, the stock slumped by around 1.6 percent on BSE to Rs. 1,163.75, during Thursday’s morning trading session. The stock has delivered positive returns of nearly 36 percent in the last one year, while around 3.2 percent of negative returns in one month.
The stock hit its 52-week high at Rs. 1,794.7 on 5th July 2024, and compared to its current trading price of Rs. 1,179.95, the stock is trading at a discount of nearly 34 percent.
The company experienced a decline in its revenue from operations, showing a year-on-year fall of around 11.5 percent to Rs. 545 crores in Q2 FY25, accompanied by around a 16.3 percent decrease in net profit to Rs. 123 crores.
Bharat Dynamics Limited, a Government of India Enterprise under the Ministry of Defence, is engaged in the business of manufacturing Missiles and allied Defence Equipments.
2. Exide Industries Limited
With a market cap of Rs. 34,425 crores and a Piotroski score of 6, the stock surged by around 0.3 percent on BSE to Rs. 406.45, during Thursday’s morning trading session. The stock has delivered positive returns of nearly 23.6 percent in the last one year, while around 13.3 percent of negative returns in one month.
The stock hit its 52-week high at Rs. 620 on 25th June 2024, and compared to its current trading price of Rs. 404, the stock is trading at a discount of nearly 35 percent.
The company experienced a marginal growth in its revenue from operations, showing a year-on-year rise of around 2 percent to Rs. 4,450 crores in Q2 FY25, while a decline of around 14 percent in net profit to Rs. 233 crores.
Exide Industries Limited is primarily engaged in the business of manufacturing storage batteries and allied products in India.
3. Astral Limited
With a market cap of Rs. 41,521.5 crores and a Piotroski score of 6, the stock surged by around 0.5 percent on BSE to Rs. 1,559.95, during Thursday’s morning trading session. The stock has delivered negative returns of nearly 15 percent in the last one year, as well as around 16.6 percent returns in one month.
The stock hit its 52-week high at Rs. 2,453.95 on 2nd July 2024, and compared to its current trading price of Rs. 1,545.65, the stock is trading at a discount of nearly 37 percent.
The company experienced a marginal growth in its revenue from operations, showing a year-on-year rise of around 0.5 percent to Rs. 1,370 crores in Q2 FY25, while a decline of around 17.4 percent in net profit to Rs. 109 crores.
Astral Limited was established in 1996 with the aim to manufacture pro-India plumbing and drainage systems in India.
4. Container Corporation of India Limited
With a market cap of Rs. 46,011 crores and a Piotroski score of 6, the stock surged by around 0.3 percent on BSE to Rs. 758.65, during Thursday’s morning trading session. The stock has delivered negative returns of nearly 15 percent in the last one year aas well as around 12 percent returns in one month.
The stock hit its 52-week high at Rs. 1,193.95 on 4th June 2024, and compared to its current trading price of Rs. 755, the stock is trading at a discount of nearly 37 percent.
The company experienced a significant growth in its revenue from operations, showing a year-on-year rise of around 4.2 percent to Rs. 2,288 crores in Q2 FY25, but a marginal decline of around 0.5 percent in net profit to Rs. 366 crores.
Incorporated in 1988, Container Corporation of India Limited is engaged in providing inland transportation of containers by rail. It also covers the management of ports and air cargo complexes, and establishes cold chains.
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5. Steel Authority of India Limited
With a market cap of Rs. 45,038.6 crores and a Piotroski score of 7, the stock surged by around 1 percent on BSE to Rs. 110.8, during Thursday’s morning
trading session. The stock has delivered negative returns of nearly 4.6 percent in the last one year as well as around 13.6 percent in one month.
The stock hit its 52-week high at Rs. 175.65 on 22nd May 2024, and compared to its current trading price of Rs. 109, the stock is trading at a discount of nearly 38 percent.
The company experienced a decline in its revenue from operations, showing a year-on-year fall of around 17 percent to Rs. 24,675 crores in Q2 FY25, accompanied by around a 31.3 percent decrease in net profit to Rs. 897 crores.
Steel Authority of India Limited (SAIL) is engaged in the business of producing iron and steel. It is conferred with Maharatna status by the Government of India and is one of the largest steel producers in the country.
6. Cochin Shipyard Limited
With a market cap of Rs. 39,856.7 crores and a Piotroski score of 6, the stock surged by around 2.4 percent on BSE to Rs. 1,527.6, during Thursday’s morning trading session. The stock has delivered multibagger returns of nearly 126.6 percent in the last one year, while around 10 percent of negative returns in one month.
The stock hit its 52-week high at Rs. 2,977.1 on 8th July 2024, and compared to its current trading price of Rs. 1,515, the stock is trading at a discount of nearly 49 percent.
The company experienced a significant growth in its revenue from operations, showing a year-on-year rise of around 13 percent to Rs. 1,143 crores in Q2 FY25, accompanied by around 4 percent rise in net profit to Rs. 189 crores.
Cochin Shipyard Limited, one of the leading shipyards in India, is primarily engaged in the business of shipbuilding and ship repair, in both the domestic and international markets.
Written by Shivani Singh
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