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The Baseline
09 Mar 2018
Fundamentals Strategy: Growth Companies in Tech Screener

One of the popular screeners on the platform identifies growth companies, focusing on tech stocks that have shown rising net profits, revenues, and ROCE (returns on capital employed). This strategy has been backtested three times: in the beginning on 2018, and in March 2018 for Nifty500 and tech stocks, after the most recent results rolled out. The strategy has held steady so far, improving the returns for an investor focused on fundamentals, delivering 40%+ annual returns on average for all nifty500 stocks, and 32%+ for only tech stocks. 

This strategy chose 8K Miles Software in June 2015, before it entered the analysts' radar. As a result, that stock alone delivered 162% returns for the strategy. 

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