
While brokerages are getting squeezed, the overall finance sector is a different story - with multiple stocks analysts are bullish on.
This screener shows stocks from the banking and finance sector with momentum scores greater than 50, and a strong Q4FY23 result outlook - where estimates for quarterly YoY revenue growth are higher than 10%, and estimates for quarterly net profit growth are more than the previous quarter.
The screener is dominated by stocks from the banking industry with 12 bank stocks. Major stocks in the screener are Shriram Finance, Karur Vysya Bank, Federal Bank, IDFC First Bank, ICICI Bank and Bank of Baroda.
Shriram Finance has the highest YoY revenue growth estimates of 71.3% for Q4FY23, according to Trendlyne’s forecaster. The NBFC has a Trendlyne momentum score of 52.7. Over the past quarter, the lender has fallen 4.7%, but has outperformed its industry by 320 bps.
ICICI Bank has a revenue growth estimate of 29.5% YoY from forecaster for Q4FY23. The bank has a Trendlyne momentum score of 53.4 and has outperformed the banking industry by 5.8 percentage points.
You can find more screeners here.