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The Baseline
06 Sep 2017
Screener for 'quality stocks': High return on capital, at a bargain price

Thenew screener on quality stocks helps identifies stocks that are not too expensive - with reasonable PE, but high ROCE on capital invested by the company. We also adjusted the net profit returns over a two year period as well as short term, which ensured stocks that have been performing consistently. 

The screener only looked at stocks with market cap above Rs. 2,000 crore. In the current market environment, smaller caps are becoming increasingly risky plays. 

What is the result? At the PE and ROCE levels that we set, the result was just five stocks which at current share price and fundamentals, qualified for these criteria. One of the companies in the list is L&T Infotech (LTI), which received buy calls over the last three months from multiple brokerages, and is still trading below their target prices. 

 
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The Baseline created a screener Quality Stocks: High ROCE, …
06 Sep 2017
This screener identifies "quality stocks" with low PE, high ROCE and good net profit. The marketcap threshold for these stocks is at least Rs. 2000 crore.
 
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Trendlyne Marketwatch
06 Sep 2017

Political uncertainty tends to be bad for markets, and Asian markets including the Sensex fell today with all eyes on North Korea and its aggressive posturing. Market breadth is holding steady. Of the 2638 stocks traded today, 1281 were in the positive territory and 1206 were negative.

Riding High:

Largecap and midcap gainers today include Tata Global Beverages Limited (206.10 4.86%), UCO Bank (32.60 4.32%) and Motherson Sumi Systems Limited (327.60 3.90%).

Downers:

Largecap and midcap losers today include Sun Pharmaceuticals Industries Limited (475.00 -3.73%), Punjab National Bank (139.00 -3.47%) and Idea Cellular Limited (81.85 -3.36%).

Volume Rockets

31 stocks in BSE 500 are trading on high volumes today.

Top high volume gainers on BSE included Jai Corp Limited (98.45 15.28%), Aegis Logistics Limited (200.25 8.36%) and Muthoot Finance Limited (505.90 8.34%).

Top high volume losers on BSE were Vijaya Bank (63.00 -5.26%), Idea Cellular Limited (81.85 -3.36%) and Trent Limited (290.00 -3.16%).

SKF India Limited (1550.00 1.64%) was trading at 293.1 times of weekly average. Thermax Limited (880.10 -0.28%) and GlaxoSmithKline Consumer Healthcare Limited (5190.20 -2.00%) were trading with volumes 54.1 and 17.3 times weekly average respectively on BSE at the time of posting this article.

BSE 500: highs, lows and moving averages

24 stocks took off, crossing 52 week highs, while 3 stocks were underachievers and hit their 52 week lows.

Stocks touching their year highs included - Ambuja Cements Limited (283.90 0.73%), Bajaj Finance Limited (1859.10 3.69%) and Bharat Electronics Limited (194.00 1.02%).

Stocks making new 52 weeks lows included - Religare Enterprises Limited (40.30 -4.62%) and Sanofi India Limited (3954.00 -1.12%).

10 stocks climbed above their 200 day SMA including Firstsource Solutions Limited (39.30 4.38%) and Tata Teleservices (Maharashtra) Limited (7.03 4.15%). 11 stocks slipped below their 200 SMA including Vijaya Bank (63.00 -5.26%) and Swan Energy Limited (144.50 -3.09%).

 
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The Baseline
05 Sep 2017

On the Relative Strength Index (RSI) screener, 34 largecap stocks are trending towards higher RSI as of 4:00 pm today, with NMDC having crossed the 70 threshold indicating that the stock may be overbought (an RSI value >70, an overbought stock, suggests that the share price of the company may start losing momentum soon). NMDC has been gaining on news of increasing iron ore prices, which is good news for the company's margins. 

Companies in the metal sector, including Vedanta and Tata Steel, figure in the overbought screener as they near the 70 mark. Vedanta hit a new year high in share price after the metals and mining conglomerate said that it plans to invest around Rs 50,000 crore on business expansion in India in the coming years.