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.

Table of Contents

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

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!

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Harshit Singh

Content Strategist at Tickertape

Hey there, I’m Harshit Singh Mahey! With eight years of experience as a Content Strategist, I’ve had the pleasure of working with a Fortune 100 company and building three successful startups from the ground up.

As an investment fanatic, I’ve dabbled in early-stage startups, mutual funds, gold, stocks, smallcases, and real estate to identify which assets generate the highest ROI. At Tickertape, I’m dedicated to presenting my learning and providing insightful suggestions to help my readers make sound investment decision.