Making use of Stock Screeners

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While stock picking or stock selection is not the easiest of tasks in investing, stock screening is one of the good starting points in this process.

Internet and technology has made it very convenient to screen stocks, funds and ETF's for further study and analysis

Finance sites such as Yahoo, MSN and IBD provide very helpful stock screeners

For Indian stock buffs, there do not seem to be very many free options. ICICI Direct has good stock screeners, but I guess it is available only for members, unless there is a way to get around its Research section and jump to the screeners

The free ones are :
http://money.rediff.com/money/jsp/markets_home.jsp
http://www.moneycontrol.com/india/stockmarket/industryclassification/23/17/marketstatistics/NSE/indcomp
http://idbipaisabuilder.in/Market_Content/Secure_Css.aspx
http://www.business-standard.com/india/markets/

IDBI paisabuilder is only one that can be considered a parametric screener. The others are more of classified stock lists with the price and some value metrics.

One of the ways to use a screening process is to try the following style classification
  • Value using low P/E and P/BV ratios
  • Growth using EPS growth and PEG ratios
  • Momentum using weekly and/or monthly price action

The problem with some of the Indian stock screeners is that you cannot drill into like 3-5 yr history. Maybe this is asking for too much

Would like to know any more good SS out in cyberspace

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