The new 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.