Where do I find stock related information?

Short Answer

Fundamental analysis is an important part of stock investing. You can either refer to the company’s quarterly reports for the data or use any fundamental analysis and stock screening platform to analyse the data. Using a stock screening platform makes the job much easier as you get all the necessary data curated in one single place.

Detailed Answer

What to look at before purchasing any stock?

Equity Investing is the first step towards wealth creation over the long term. Sounds easy but it's not that simple when it comes to allocating money in stocks or other equity-related instruments. The reason being, there are more than 6000 stocks listed on the Indian stock exchange, and picking a couple from them seems to be a herculean task.

However, it is not that difficult anymore. With access to fundamental analysis platforms and stock screeners, you can pick out the best possible stocks under any industry in minutes. You just need to know some of the basic parameters using which you can filter out good stocks, and the rest of the job is simple.

Parameters to narrow down your stock analysis search:

Sector Analysis: In order to pick a stock, you will need to first analyze the sector and industry which seems to have a good growth potential in the near future. Once you figure out the sector, then the actual job of stock picking begins. If you don’t begin here, it will be similar to finding a needle in a haystack.

Financial Ratios: After you select the industry and sector, it's time to use the financial ratios to find out the strength and weaknesses of the companies. Financial ratios depict the quality of the company and its financial strengths. These are used to separate good-quality stocks from poor-quality stocks. Some of the key ratios which are to be looked at while analyzing a company is:

  • Price to Earnings Ratio (P/E)
  • Price to Book Value (PB Ratio)
  • Return on Equity (ROI)
  • Debt to Equity Ratio
  • Earnings before interest, taxes, depreciation, amortization (EBITDA), and some more.

Where to find the stock-related data?

Now that you know the basics and also the parameters with which you can find out the stocks, the question remains, how to find out this information.

There are mainly two ways in which you can find out the information on any stock. Firstly, you can directly read the Financial report of the company in its Annual/Quarterly report. You will get all the necessary numbers such as the profit, sales, EBITDA, etc. Whereas you will have to calculate the ratios on your own. Looking at annual reports can be time-consuming and pretty complex therefore there is another way to bypass this process.

The second process is much easier and you can get all the necessary data and ratios about companies in one single place. You can effortlessly use any Stock Screening platform or Fundamental Analysis platform to get all the necessary details, such as financial ratios, analyst's forecasts, and also get the cumulative data of multiple years all under one platform.

There are many free as well as paid fundamental analysis platforms in India where you can perform stock analysis on any listed stock easily. Screener, Tickertape, MoneyControl, Investing. com, Investello are some of the platforms using which you can obtain all the necessary data related to stocks for Free.

Beginners can use any of the fundamental analysis platforms to get all the necessary data whereas experts could analyze the quarterly results of companies to form an opinion about the company.

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Related FAQs

How to find good companies as there are many publicly listed companies in the Indian stock market?

To find good companies out of the thousand companies listen on the Indian stock exchange, you can filter stocks on the basis of certain parameters such as Market cap, Debt to Equity, Dividend payouts, Revenue and Profits growth, etc. You can easily use an online stock screener to find out these stocks.

Is Screener an useful stock screening tool?

Screener is a stock screening and technical analysis platform that can be used to filter stocks from the Indian stock markets. Screener is a useful platform as it has many tools and features that you can use to find the best stocks according to your parameters. Know about the features and tools in detail here.

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Screenr is a stock analytics platform that is useful to conduct detailed fundamental analysis and of stocks. You can use the pre-existing screens on the platform or create your own to filter stocks. You can easily follow some simple steps to create your own screens for filtering stocks.

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Screener offers a set of pre-existing filters or screens which you can use to filter stocks. It also provides the feature to create your own screen to filter out stocks with your own defined parameters. Using both of these features you can find undervalued stocks by adding certain parameters such as PE, RoCE, etc

How much time should I spend researching stocks?

Stock researching is a not a lengthy process but beginners can easily take up anywhere between 2 to 4 hours to complete the entire process. The task can be performed faster with the help of any stock screening and fundamental analysis platforms.

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There are several questions that one can ask your advisor. These questions include whether its good time to enter or exit the market? Should in exit from debt and move to FD? do I continue my SIP portfolio? and other such questions.

Can I become a millionaire by investing in stocks?

Investing in stocks can make you a millionaire, provided you follow the necessary steps. These include investing regularly, picking good quality stocks, and most importantly playing the long-term game rather than trying to make a million in months or a couple of years.

Are market highs good to invest in Equity mutual funds?

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Can NRI invest in Indian stock market?

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IPOs seem the modern money multiplying investment, Should you invest?

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