Introduction:
The Piotroski score is a numerical rating from 0 to 9 that evaluates a company’s financial strength. It identifies value stocks, with a score of nine indicating strong performance and zero showing weak performance across nine distinct financial criteria.
The Piotroski score helps investors quickly assess a company’s financial health and value potential.
It simplifies complex financial analysis, highlighting fundamentally strong stocks while avoiding weaker ones. By focusing on profitability, leverage, and operating efficiency, it aids in making informed investment decisions with minimal effort.
ONGC (Oil & Natural Gas Corpn Ltd)
As of November 18, 2024, ONGC Ltd. opened at ₹251.55, reached an intraday high of ₹252.05 and a low of ₹247.05, closing at ₹250.80, reflecting a slight decrease of -0.04%. The company’s market capitalization stands at ₹3,15,513.40 crore.
Oil & Natural Gas Corporation Ltd shows strong financial metrics with a Return on Equity (ROE) of 16.3% and Return on Capital Employed (ROCE) of 18.4%. With a Piotroski score of 8.00, it highlights robust profitability, efficient capital utilisation, and solid fundamentals, attracting investors.
Oil & Natural Gas Corporation Ltd (ONGC) is India’s largest oil and gas exploration and production company. It plays a pivotal role in energy security, contributing significantly to domestic crude oil and natural gas production while expanding operations globally to ensure sustainable energy solutions.
PTC India Ltd
As of November 18, 2024, PTC India Ltd. opened at ₹165.55, reached an intraday high of ₹170.00 and a low of ₹163.60, closing at ₹166.50, reflecting a slight decrease of -0.18%. The company’s market capitalization stands at ₹4,928.54 crore.
PTC India Ltd demonstrates steady financial performance with a Return on Equity (ROE) of 9.57% and Return on Capital Employed (ROCE) of 9.64%. With a Piotroski score of 8.00, it indicates moderate profitability, efficient capital use, and strong fundamentals, positioning it as a stable energy trading player.
PTC India Ltd is a leading power trading company in India, facilitating electricity trading, cross-border energy exchange, and consultancy services.
It plays a pivotal role in ensuring efficient energy distribution and promoting renewable energy integration across the Indian power sector.
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Canara Bank
As of November 18, 2024, Canara Bank opened at ₹97.50, reached an intraday high of ₹98.80 and a low of ₹95.72, closing at ₹97.89, reflecting a 0.63% increase. The bank’s market capitalization stands at ₹88,983.09 crore, showcasing steady investor confidence.
Canara Bank Ltd exhibits strong financial metrics with a Return on Equity (ROE) of 17.9%, reflecting robust profitability. However, its Return on Capital Employed (ROCE) of 6.63% indicates moderate capital efficiency. With a Piotroski score of 7.00, the bank shows solid fundamentals and shareholder value potential.
Canara Bank is one of India’s largest public sector banks, offering a wide range of banking and financial services. With a rich legacy, it focuses on retail, corporate, and international banking, driving growth through digital innovation and fostering financial inclusion nationwide.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
