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Top small-cap stocks with the highest Piotroski score
Last Updated: 12th December 2022 - 12:47 pm
Nifty 50 continues its rally from its low registered in September 2022. With strong domestic and global cues, investing in quality small-cap stocks makes more sense. Read on to find out more about such stocks.
Nifty 50 opened today’s session on a strong note and encouraging global cues. Moreover, it has also surpassed the important Fibonacci level of 78.6%. However, strong resistance is seen near the 18,200 level. Any movement above this level will start a fresh move northward. On the journey southwards, 17,800 and 17,600 would act as strong support.
After making a strong rally in July 2022, the S&P BSE Small-Cap index corrected nearly 8.5% to 9%. In the month of October 2022, the S&P BSE Small-Cap index traded range bound. Unlike large-cap indices, the valuations of small-caps are lower. This serves as a good opportunity to gradually accumulate fundamentally strong small-cap stocks. In this article, we would be listing top-quality small-cap stocks having higher Piotroski score.
What really is Piotroski's score?
The Piotroski score is a unique number between zero and nine. This score is used to determine a company's financial strength. This is very popular among value investors, with a score of nine being the finest and a score of zero being the worst. The Piotroski score examines the profitability, leverage, liquidity, source of money, and operational efficiency of a firm.
The following is a list of the top small-cap stocks having a high Piotroski score.
Stocks |
Piotroski Score |
CMP (Rs) |
PE TTM |
Price to Book |
Revenue QoQ Growth (%) |
Vadilal Industries Ltd. |
9 |
2,217.6 |
19.6 |
5.4 |
83.8 |
Jindal Drilling & Industries Ltd. |
9 |
310.2 |
7.8 |
0.8 |
3.9 |
West Coast Paper Mills Ltd. |
9 |
617.0 |
8.9 |
2 |
4.4 |
Andhra Paper Ltd. |
9 |
491.8 |
9.9 |
1.8 |
6.1 |
Accelya Solutions India Ltd. |
9 |
1,293.5 |
20.3 |
7.4 |
11.8 |
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