Best Stocks for Swing Trading in India (2023)

Last Updated on Dec 27, 2023 by Anjali Chourasiya

In the fast-paced world of stock trading, there’s a smart strategy called swing trading. It’s not about long-term commitments or quick day trades but rather making gains from short to medium-term market ups and downs. It’s like catching waves in the stock market to secure profits without constantly watching. In this article, let’s look at the best stocks for swing trading based on fundamental indicators.

Best swing trade stocks – Updated December 2023

Note: The data is from 27th December 2023. The stock selection for swing trading was made on Tickertape Stock Screener and based on the following parameters.

  • Market Cap: Above 5,000 (Set the lower limit to 5,000) 
  • Debt-to-Equity Ratio: Below 0.50 (Set the higher limit to 0.50)
  • 5Y Avg ROE: Above 0 (Set the lower limit to 0)
  • Create a custom filter for PEG Ratio: PE Ratio/Earnings Per Share – Set its limit above 2

Note that these stocks are in no order of preference. Please note that these stock selection criteria and the stocks are provided for informational purposes only; it is essential to conduct your own research.

A brief on the filters used

When it comes to selecting the best stocks for swing trading, several key factors come into play. One popular approach uses fundamental indicators such as the Price to Earnings to Growth ratio (PEG), debt-to-equity, and Return on Equity (ROE) to filter potential stocks. The PEG ratio helps evaluate a stock’s valuation relative to its growth prospects, while the debt-to-equity ratio assesses the company’s financial leverage.

Additionally, ROE provides insight into the profitability and efficiency of a company. By considering these indicators, swing traders can identify stocks with solid growth potential, manageable debt levels, and strong profitability, increasing the likelihood of capturing favourable price movements during their trading timeframes.

Details of top 3 swing trading stocks

1. Siemens Ltd

Siemens Limited is a holding company engaged in the manufacture of electric motors, generators, transformers, electricity distribution and control apparatus, general-purpose machinery, electrical signalling, safety or traffic-control equipment, etc. Below-mentioned is financial information about the stock:

  • The PEG ratio for the stock is 1.32%.
  • The net profit of the stock for this quarter decreased by 12.42% y-o-y.
  • EBITDA for this quarter decreased by 4.91% y-o-y.
  • Total Revenue for this quarter increased by 18.34% y-o-y.
  • The stock has a profitability score of 7.2 out of 10, showing good signs of profitability & efficiency.

Learn more about the stock’s performance here.

2. ICICI Lombard General Insurance Company Ltd

One of India’s largest general insurance providers, ICICI Lombard, has issued more than 2.17 cr. policies and has settled more than 1.6 mn claims at the end of FY 2022-2023. The key financial highlights of the company are as follows:

  • The PEG ratio for the stock is 1.14%.
  • The total Revenue for this quarter increased by 12.04% y-o-y.
  • The net profit for this quarter decreased by 2.25% y-o-y.
  • EBITDA increased by 25.26% y-o-y for this quarter.
  • The stock is overpriced but is not in the overbought zone.

Click here to learn more about the stock’s performance.

3. KSB Ltd

Founded in 1960, KSB Ltd is a smallcap industrial machinery company engaged in manufacturing power-driven pumps and industrial valves. The key financial details of the stock are mentioned below.

  • The PEG ratio for the stock is 1.25%.
  • The total revenue for this quarter increased by 29.60% y-o-y.
  • The net profit for this quarter increased by 28.46% y-o-y.
  • EBITDA increased by 22.74% y-o-y for this quarter.
  • There are no red flags present in the stock.

Learn more about KSB Ltd’s performance here.

To conclude

Stock selection criteria for swing trading varies from investor to investor. Remember, it is crucial to conduct your own research before investing. For this purpose, #TickertapeHaiNa! With over 200 filters, custom filters, pre-built screens,  custom universes, a linking watchlist, export data, and more features, Tickertape Stock Screener is your perfect companion for finding the next best stock for your portfolio. Don’t wait; seize the opportunity now!

Anjali Chourasiya
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