Quarterly Earnings Momentum - 3rd Nov 2024

Momentum Stock Scanner:

1) Quarterly sales grew by over 20%.

2) Quarterly net profit surged by more than 20%.

3) Operating profit is showing improvement.

4) Stock price is approaching its 52-week high.

5) Market capitalization exceeds ₹500 crore.

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Quarterly Sales (YoY Comparison): This parameter compares the company's revenue this quarter with the same quarter last year. By setting this to 1.2x, we're looking for companies whose revenue has grown by at least 20% year over year (YoY). This shows strong sales momentum.

Quarterly Net Profit (YoY Comparison): This compares the company's net profit with the same quarter last year. By multiplying by 1.2, we’re searching for companies with at least 20% net profit growth YoY. A consistent increase in profits signals solid business growth.

Operating Profit Margin (OPM) Comparison: OPM represents the company’s profit from its core operations, excluding taxes and interest. Here, we’re looking for companies with higher margins than last year, indicating that the company has some pricing power and is becoming more efficient.

Price Near 52-Week High: This checks if the stock is within 20% of its 52-week high. Stocks trading close to their yearly highs show good price momentum, meaning they’re in demand in the market.

Market Cap: We set a minimum market cap of 500 crore to ensure good liquidity, so we’re trading stocks with adequate buying and selling volume