Trendlyne Blog: The Baseline, Latest on stock market and finance in India and the world.

11 Jul 2018, 03:29PM

Screener: 30 Day SMA crossing over 200 Day SMA with week gains

With investors watching upcoming results closely, some stocks have seen gains in recent days in the stock market. This screeneridentifies stocks with their 30 day average crossing over their 200 day average, with share price greater than open. Companies in the list include Aarti Industries and L&T Technology Services, both of which saw share price gains of 6% or more in the past week.

The Baseline

10 Jul 2018

Screener: Nifty500 Companies with strong EPS growth in recent results

As most companies have filed their annual results, the following screener looks at stocks that have seen strong EPS and cash EPS growth. Some companies such as Tata Steel have seen a switch to positive EPS in the recent financial year, and in all just 16 Nifty 500 stocks qualify in terms of strong growth in both basic and cash EPS. The list includes Piramal Enterprises, TTK Prestige and others. For the full screener, click here.

The Baseline

28 Jun 2018

The death cross screener has been active the past few days

With oil prices rising, investors have been selling some of their holdings in stock markets, disproportionately impacting certain stocks in the Nifty500, including Sun TV Network, Religare Enterprises, and Bliss GVS Pharma. These stocks have entered the Death Cross screener in recent days, with their short term 50 day moving average falling below their 200 day average. For the full screener click here.

The Baseline

27 Jun 2018

Screener: Nifty500 stocks with high EPS, and strong EPS growth

Ths screener indicating stocks with both high EPS, as well as good EPS growth has approximately 22 stocks from the Nifty500 stocks qualifying. These stocks include familiar names such as Indiabulls Real Estate, as well as Natco Pharma, L&T Technology Services and more. For the full screener, click here.

The Baseline

27 Jun 2018

Oil prices are rallying sharply up as concerns around global supplies mount

The US sanctions imposed on Iran are taking Iran's oil supply out of the market, and upheaval in Venezuela is disrupting supplies globally, driving oil prices up. This is causing investors across markets anxiety over growth - supply bottlenecks would be a brake on economic activity across geographies, and the EU, India and China have all grown dependent on Iran oil after sanctions had been lifted. Reliance Industries (RIL) owner of the world's biggest refining complex, already plans to halt oil imports from Iran, two sources familiar with the matter said this week, in a sign that new U.S. sanctions are forcing buyers to shun oil purchases from Tehran.

The US Energy Secretary Rick Perry recently said that the new deal between OPEC and Non-OPEC countries to raise production may not be sufficient to relieve supply constraint stress in global oil markets, Saudi Arabia is reportedly planning to pump a "record amount of crude" in July, embarking on one of its biggest-ever export surges to cool down oil prices.

What does this mean for the oil price trendline? Goldman Sachs estimates that US shale production is not yet sufficient to meet the oil shortfall, due to process bottlenecks, and Algeria and Venezuela's global oil supplies will continue to fall, putting serious upward pressure on oil prices.

The Baseline

26 Jun 2018

Screener: How did top-rated analyst stocks perform: Vedanta, JK Cement, Sadbhav Engg

As markets turned choppy, stocks with high target prices from analysts and strong coverage still took a beating. Some of the top stock recommendations in recent months, including Vedanta Sesa, JK Cement,IG Petrochemicals and others have seen sharp downturns, with JK Cement hitting a new year low last week, and Vedanta near its year low.

This screener tracks how stocks with strong analyst upgrades and price targets more than 20% of share price, performed. The results over the last month have not been pretty, with only 23 of the 107 stocks having seen positive price movement in the past month or quarter.

For analysts, Manpasand Beverages - which is also part of this screener, with analysts being strongly bullish right upto the auditor crisis - was a particular shock, after strong bullishness among the brokerages. Deloitte resigned as Manpasand's auditor stating that the company had failed to provide it with "significant information", and Manpasand hit back, saying that its reporting systems had delayed passing on some information but insisting that it was otherwise in the clear. The sole listed company in the beverages industry, Manpasand carried the high hopes of investors and analysts banking on strong rural demand and growth. MB had fallen 63% in the last month since the auditor fiasco, a deep hole indeed in investor pockets. For the full screener on analyst calls, click here.

The Baseline

25 Jun 2018

Growth Screener: Net profit increasing every quarter for the last four quarters

There are only 120 companies in the Indian stock market, and 29 Nifty500 companies, that fulfill the following growth criteria: that the company should have delivered rising net profits, in each of the past four consecutive quarters. In this screener, Yes Bank is one of the banking stocks that qualify. And despite the rapid growth in sectors like agrochemicals, only Astec LifeSciences met this criteria in that sector.

Unsurprisingly, some sectors such as telecom which have seen upheaval in the last few quarters had zero companies in the list. Auto Ancillaries is a sector that did well as far as net profits, with seven companies from the sector part of the list. For the full screener, click here.

The Baseline

22 Jun 2018

This longer-term screener strategy has delivered 50%+ returns over the past 15 months

When it comes to screener strategies, there are ones that change stocks weekly (like momentum screeners) and screeners that hold on to stocks for much longer. One such longer-term strategy combines Piotroski Score, Durability and EPS growth to select stocks that the strategy keeps for at least a few months.

Of the ten stocks that exited the strategy in May 31, 2018, two were multibaggers (Action Construction held between May 2017 and May 2018, and Investment Precision Castings held between Jan 2017 and May 2018) and only one stock saw negative returns. The highest return stock picked by this strategy, Goa Carbon, gave a return of 400%+. For the screener click here.

The Baseline

20 Jun 2018

Rising Delivery Percentage and Momentum: Indiabulls Ventures, IndSwift Labs

Rising Delivery Percentages are used by traders to track those stocks that are seeing accumulation patterns. Combined with changes in momentum, this can be used to track demand increasing or decreasing for a stock. One such stock seeing rising delivery as well as gaining in momentum is Indiabulls Ventures. This stock is currently in multiple delivery screeners, as well as showing strong week volumes. For the full set of delivery screeners click here.

The Baseline

19 Jun 2018

Screener: Stocks like Maruti Suzuki, Sanofi India gain past short term averages despite market choppiness

The screener that looks like stocks showing price momentum in short term averages, has some stocks gaining sharply over the last few days despite choppy markets and global trade tensions. Stocks like Maruti Suzuki, as well as pharma stocks like Sanofi India and Merck have gained on high volumes, with their 30 day price average crossing over the 200 day.

In fact, 18 pharma or biotech stocks are present in this screener, showing rising investor interest in this vertical, which had taken a beating over the last several months. For the full screener, click here.