Best Canslim Stocks in Nifty 500

Last Updated on Jan 2, 2024 by Harshit Singh

Like any stock-trading strategy, the CANSLIM strategy helps investors to find fundamentally sound high-growth stocks with the potential to outperform the market. CANSLIM is a bullish strategy for fast markets and is suitable for investors with a high-risk tolerance. By applying CANSLIM investment criteria on Tickertape Stock Screener, we have identified CANSLIM stocks across different market capitalisations.

List of large-cap CANSLIM stocks

Name Sub-Sector Market Cap Close Price PE Ratio EPS (Q) 5Y Historical Revenue Growth FII Holding Change – 3M RSI – 14D 3M Average Volume
Polycab India Ltd Electrical Components & Equipments 82,061.50 5,464.70 64.62 28.38 15.81 2.76 37.49 6,04,349.61
Bharat Petroleum Corporation Ltd Oil & Gas – Refining & Marketing 97,752.01 452.05 45.87 38.71 14.83 0.47 42.21 71,43,102.42
Bajaj Finserv Ltd Insurance 266,806.57 1,676.40 41.58 12.1 20.09 0.23 44.08 13,75,914.78
Canara Bank Ltd Public Banks 80,257.12 442.40 7.13 20.93 17.94 1.27 47.21 68,54,304.32
Adani Power Ltd Power Generation 201,814.33 523.25 18.81 16.48 15.33 5.56 48.61 1,27,13,713.97
Bajaj Finance Ltd Consumer Finance 450,710.11 7,299.05 39.17 58.67 26.55 0.90 50.28 10,35,675.15
Union Bank of India Ltd Public Banks 89,505.31 120.75 10.52 5.14 20.37 1.42 50.88 2,24,70,529.57
Interglobe Aviation Ltd Airlines 114,953.76 2,978.50 -375.94 4.9 18.45 0.53 55.75 7,35,328.88
Titan Company Ltd Precious Metals, Jewellery & Watches 326,452.29 3,677.15 100.45 10.31 20.33 0.52 55.87 7,90,402.52
Havells India Ltd Electrical Components & Equipments 85,366.76 1,362.20 79.65 3.97 15.80 0.40 56.11 6,90,146.68

Note: The data is from 2nd January 2024. The above list of CANSLIM stocks is derived from Nifty 500 using Tickertape Stock Screener. Following filters are used to Following filters are used to replicate CANSLIM investment criteria – 

  • Stock universe – Nifty 500
  • Market Capitalisation – Large-cap
  • EPS (Q) – Set to high
  • 5Y Historical Revenue Growth – > 15
  • 3M FII Holding – Set to high
  • RSI 14D – Set to 30-70 (Sorted from low to high)
  • 3M Average Volume – Set to high

(RSI above 70 is considered in an overbought zone and oversold when below 30; therefore, anything in between will give you a good entry point.)


List of mid-cap CANSLIM stocks

Name Sub-Sector Market Cap Close Price PE Ratio EPS (Q) 5Y Historical Revenue Growth FII Holding Change – 3M RSI – 14D 3M Average Volume
Astral Ltd Building Products – Pipes 51,172.10 1,904.95 112.07 4.88 20.04 2.86 42.35 4,81,630.84
Indian Bank Public Banks 56,841.88 422.00 10.20 16.61 22.00 2.60 45.62 24,32,242.81
Patanjali Foods Ltd Packaged Foods & Meats 56,740.88 1,567.45 64.01 7.03 21.48 7.63 46.50 5,68,321.02
ICICI Lombard General Insurance Company Ltd Insurance 70,751.13 1,437.20 40.92 11.75 17.35 0.37 46.89 5,05,973.97
KPR Mill Ltd Textiles 27,722.82 811.05 34.05 5.90 15.58 1.15 47.66 3,89,519.02
Torrent Power Ltd Power Transmission & Distribution 45,295.73 942.45 21.39 10.94 17.23 0.12 49.25 6,84,225.25
Balkrishna Industries Ltd Tires & Rubber 49,803.34 2,576.25 47.10 17.97 16.14 0.13 50.45 2,71,730.11
Phoenix Mills Ltd Real Estate 40,272.74 2,254.10 30.17 14.15 14.93 1.46 53.96 3,20,707.22
Dixon Technologies (India) Ltd Home Electronics & Appliances 38,641.42 6,460.35 151.23 19.04 33.79 0.66 54.98 5,11,179.33
Global Health Ltd Hospitals & Diagnostic Centres 25,536.84 951.35 78.31 4.66 14.66 0.11 57.07 3,78,989.57

Note: The data is from 2nd January 2024. The above list of CANSLIM stocks is derived from Nifty 500 using Tickertape Stock Screener. Following filters are used to replicate CANSLIM investment criteria – 

  • Stock universe – Nifty 500
  • Market Capitalisation – Mid-cap
  • EPS (Q) – Set to high
  • 5Y Historical Revenue Growth – > 15
  • 3M FII Holding – Set to high
  • RSI 14D – Set to 30-70 (Sorted from low to high)
  • 3M Average Volume – Set to high

(RSI above 70 is considered in an overbought zone and oversold when below 30; therefore, anything in between will give you a good entry point.)

List of small-cap CANSLIM stocks

Stock Name Sub-Sector Market Cap (Rs. in cr.) Close Price (Rs.) PE Ratio EPS (Q) 5Y Historical Revenue Growth (%) FII Holding Change – 3M (%) RSI – 14D (%) 3M Average Volume
Central Depository Services (India) Ltd Stock Exchanges & Ratings 19,001.76 1,818.35 68.86 10.42 22.44 0.15 40.23 18,86,184.82
Jindal SAW Ltd Building Products – Pipes 13,420.01 422.15 21.22 11.82 15.89 1.78 40.33 13,03,998.38
MTAR Technologies Ltd Industrial Machinery 6,774.34 2,202.35 65.51 6.65 30.36 4.29 41.04 30,98,19.62
KNR Constructions Ltd Construction & Engineering 7,253.04 257.90 15.84 5.24 14.38 0.63 43.51 10,11,885.89
Rallis India Ltd Fertilizers & Agro Chemicals 4,915.20 252.75 53.46 4.23 14.61 0.53 44.36 13,94,208.70
ICICI Securities Ltd Investment Banking & Brokerage 22,944.80 709.95 20.53 13.11 12.98 0.58 45.10 3,56,999.95
Dr. Lal PathLabs Ltd Hospitals & Diagnostic Centres 21,409.81 2,575.35 89.64 13.16 13.60 1.09 51.96 2,65,742.15
Five-Star Business Finance Ltd Consumer Finance 21,469.80 734.70 35.57 6.85 50.65 41.48 53.03 7,23,377.28
Anupam Rasayan India Ltd Specialty Chemicals 11,745.51 1,072.50 64.95 3.78 35.79 0.46 53.05 2,54,274.53
JK Paper Ltd Paper Products 6,867.57 405.40 5.74 17.85 17.43 0.44 53.92 8,45,878.14

Note: The data is from 2nd January 2024. The above list of CANSLIM stocks is derived from Nifty 500 using Tickertape Stock Screener. Following filters are used to Following filters are used to replicate CANSLIM investment criteria – 

  • Stock universe – Nifty 500
  • Market Capitalisation – Small-cap
  • EPS (Q) – Set to high
  • 5Y Historical Revenue Growth – > 15
  • 3M FII Holding – Set to high
  • RSI 14D – Set to 30-70 (Sorted from low to high)
  • 3M Average Volume – Set to high

(RSI above 70 is considered in an overbought zone and oversold when below 30; therefore, anything in between will give you a good entry point.)

Conclusion

The goal of the CANSLIM strategy is to identify high-growth stocks with a strong ‘Profitability’ score. It is a bullish technique that requires considerable due diligence on the stocks. The only drawback of this strategy is if the market direction shifts for the worst, the CANSLIM investors are the first among others to fall. Therefore, to mitigate the risk, you can use Tickertape Pro to deeply understand the stocks. Explore today!

Harshit Singh
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