As markets slipped in June, some expensive stars also fell rapidly in share price, and their valuation score went from red to green. These stocks now may be good options for investors looking for great picks at a discounted share price.
The stocks in this newly affordable stocks screener(premium), saw share price declines of more than 10%, and has seen valuation improve significantly with the Trendlyne valuation score going from red to green. These stocks also have strong financial durability and high Piotroski scores.
Stocks that the screener pulled up include some old favorites - Prakash Industries, which announced today to the BSE that the company has achieved its highest ever sales volume of around 2.4 lakh tonnes in Q!FY19. driven by higher capacity utilization. Rain Industries is also another candidate in this screener. Please note that this screener is a subscription screener due to premium parameters, but the screenshot above shows some of the stocks in the screener strategy.