3 Best Ever Stock Screeners For Indian Investors!

There are over 5,500 companies listed on the Indian stock market. While investigating for good companies to invest in, if you start reading the financials of each and every single stock, then it might take years.

Moreover, it doesn’t make sense to read the balance sheet, profit & loss statements, or cash-flow statements of all the listed companies, if you can filter them out based on just a few preliminary filters like debt or growth rate. And that why stock screeners can be a very useful tool for investors (and traders) to reduce lots of hassle.

What is a Stock Screener?

A stock screener is a tool to shortlist few companies from a pool of all the listed companies on a stock exchange using filters. The investors specify the filters and the stock screener gives the results accordingly.

For example, if you want to find a list of companies whose

• Market capitalization is greater than 10,000 Cr
• The price to earnings is between 10 to 25.
• Last 3 years average return on equity is 20%
• And the debt to equity ratio is less than 1

Then, you can apply all these filters in a stock screener to get the list of the companies which fulfill the above criteria.

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Stock screeners are very useful as they can save you a lot of time. You do not need to go through all the listed companies to shortlist a few good ones. You can just apply the basic filter to get the list of a few good ones that you want to investigate further.

Overall, the stock screener will help you to find good-performing stocks according to your specifications with a single click.

Here is the list of the 3 best stock screeners for Indian stocks that every Indian investor should know. Further, please read this post until the end, as there is a bonus in the last section.

3 Best Stock Screener That You Should Know

Here is the list of the 3 best stock screeners for Indian stocks that you should know and bookmark on your browser. All these best stock screeners are powerful are simple to use:

1. Trade Brains Screener

Website: https://portal.tradebrains.in/screener/

Through Trade Brains “Stock Screener”, you can scan and shortlist the stocks that fit your investment style by applying various parameters you choose while making an investment decision. Trade Brains Portal offers over sixty frequently used parameters to screen stocks. Using this portal, you can screen winning stocks based on different filters. Apply different parameters to shortlist the best ones among over 5,000 publically listed companies in India.

The biggest advantage of this feature is that rather than going through each and every share and testing the set of parameters, you can simply adjust it one time and the rest of the work will be done by our screener with the help of designed filters.

2. Screener.in

Website: https://www.screener.in/

The screener is a very simple yet powerful website for stock screening. The query builder of Screener allows the user to apply a number of filters to shortlist stocks based on PE ratio, market capitalization, book value, ROE, profit, sales, etc.

The results of the stock screener can be powerfully customized and moreover, the screen can be saved for future use.

3. Tickertape

Website: https://www.tickertape.in/screener/

Tickertape Screener is yet another simple stock screener that has a lot more criteria to filter companies based on market cap, sector, close price, PE ratio, and other financial ratios. What makes this website stand out from the rest is its easy-to-use interface and feature to apply all these filters on the same tab to find specific stocks.

The filters are fast to use and the results are easily customizable.

That’s all for this post. I hope that this list of the best stock screeners for Indian stocks is useful to you.