Want to start investing in stock? Looking for the best stock options that will give you the best returns? 

Did you know that for the financial year 2024, more than 2400 companies were listed across NSE (National Stock Exchange) and BSE (Bombay Stock Exchange).

So, if you plan to investigate these companies, it will take you a long time. That is why stock screeners were created. You can reduce the hassle and filter out stocks based on their growth rate. 

But before we jump into our recommendations of the 10 best screeners for stocks in India, let's find out what stock screeners are.

What are Stock Screeners?

Stock screeners are tools that shortlist stocks from companies using specific filters. Based on the filters chosen by the investor, the platform offers stock options. Some tangible parameters include growth rate, dividend ratio, average volume, average return on investment, market capitalization, debt-to-equity ratio, the average price-to-earnings ratio (P/E), volatility, and more. 

Let's say you are looking for stock in companies that have:

• Market capital of more than 10,000 crore
• Price to earnings is from 10 to 25
• The average return on equity has been 20% over the last three years
• The debt-to-equity ratio is <1.

With a stock screener, you can get a detailed list of companies that fulfil the criteria chosen.

Top 10 Best Stock Screener India in 2024

Let’s take a look at the top 10 stock screeners in India below:

1. TickerTape

TickerTape India offers a user-friendly interface that appeals to both new and advanced investors. It provides tools for practical usage in both long-term investing and high-frequency trading, with customizable filters based on performance, dividend, and profitability.

Main Features:

• Simple and easy-to-use platform
• Over 120+ filters
• Forecasting is done by industry experts
• Suitability of investment evaluation options
• Complete customization
• The easy data download process
• Advanced screening tools
• Community Insights.

Pricing:

TickerTape Pro subscription fees are as follows:

• One month: ?249 
• Three months: ?699 
• Twelve months: ?2,399

The platform also has a 14-day free trial option.

2. Screener.in

Screener.in India is known for its data-rich platform tailored for fundamental investors, enabling in-depth financial analysis and customised screening tools.

With the basic filters available, you can compare previous quarters of companies within the same industry.

Main Features:

• Options to create custom ratios, and stock screens
• In-depth company financials
• Valuation analysis tools
• Charts and visualization
• Easy screen alert options
• Detailed peer-to-peer comparison for stocks
• Easy download of credit ratings
• Customizable export of filters to Excel
• 24*7 priority support.

Pricing: 

The monthly subscription fee for the Screener.in app that offers a wider range of features is free for hobby investors and 4999 rupees per year for active investors.

3. MoneyControl

Moneycontrol, one of the leading stock screeners in India, provides a comprehensive platform combining stock screening tools with real-time news, market updates, and equity reports, making it ideal for investors who want access to multiple resources in one place.

Main Features:

• Latest updates in market data, prices, and charts
• Real-time stock quotes and market news
• Portfolio tracking
• In-house research options
• Analysis of the market by experts
• Completely ad-free
• Personalized watchlist options
• Smart calendar and mobile app features.

Pricing: 

The subscription fees for Moneycontrol are as follows:

• Three months: ?199
• Twelve months: ?499
• Three years: ?999.

4. Investing.com

A globally recognized financial platform and one of the best stock screeners, Investing.com, offers a robust stock screener with a focus on technical analysis tools. It provides in-depth coverage of Indian and international markets.  Also, it is counted as one of the best known free stock screeners.

Main Features:

• Multiple filtration options are available
• Real-time market data
• Easy download of market analysis
• Watchlist options
• Easy methods to create alerts
• Personalized screen options
• In-depth market analysis and tools.

Pricing:

On the free version of Investing.com, users can access continuously updated real-time data, stock quotes, interactive charts, and basic functions. Yet, there’s also InvestingPro+ with no advertisements and extended capabilities for Rs.619 and for pro it is Rs.249.

5. Edelweiss

Edelweiss.com is one of the most popular and known brokerage houses in India. The easily accessible mobile app offers support to both novices and seasoned traders to make decisions on the move.

The platform provides all the latest details and updates about stocks, previous weeks/months' highs and lows, sector performances, and more.

Main Features: 

• Focused on fundamental structure analysis
• Real-time stock market data
• 20+ customized criteria
• Live share market information
• Customized market watch options
• Easy alert and notification creation.

Pricing:

Edelweiss is available for Free.

6. 5 Paisa

5paisa, one of the top stock screening tools, offers screening and trading facilities integrated within a mobile-friendly interface, ideal for investors on the go. If your stock screening criteria is to have a mobile-friendly user interface, then you might want to check this out. 

Main Features:

• User-friendly platform
• Multiple investment options
• Comprehensive research tools.

Pricing:

• Brokerage Charges: Rs 20 per order
• Call & Trade Facility Charges: Rs 20 per call
• R&A Services: Rs 50 per month
• Demat Account Maintenance Charges (ACM): Rs 540 Per year.

7. Finology

Finology is a value-investing-focused platform that offers in-depth stock analysis, research, and financial planning tools. Choose this if you want support through courses to gain profound knowledge about the stocks. 

Main Features:

• Recipe: This feature offers financial recommendations for saving, investing and spending based on one’s targets, capacity to bear losses and overall wealth status.
• Quest: Finology provides a way to learn all kinds of courses that are related to finance to also get certifications.
• Ticker: This feature is a stock screeners tool where it analyses and compares the financial statements of firms, different values including valuation of firms and compares them with their industry competitors.
• Premium Bundles: It provides baskets of stocks in accordance with the investor's preferred investment themes or approaches.

Pricing:

A subscription costs:

• Monthly: Rs.599 per month, inclusive of GST
• Annual: Rs. 5999 per year, inclusive of GST.

8. Value Research

Value Research specialises in mutual fund analysis but also offers stock filtering based on fundamental indicators, making it suitable for investors looking to diversify.

Main Features:

• Comprehensive mutual fund database
• In-depth fund analysis
• Investment tools and calculators
• Educational resources.

Pricing:

The pricing for Value Research’s subscription services:

• The standard service (non-premium) is free
• Annual subscription: Rs.5841, including GST.

9. Groww

Groww is mainly known for its easy onboarding process and simple user interface. It provides a sleek and modern platform for beginners. It also offers mutual funds, investments in stocks, and ETFs.

Main Features:

• Simple interface
• Zero fixed charges
• Instant account opening
• One-click order placement
• Candlestick charts.

Pricing:

Groww's stock screener is free, but the brokerage charges for trading are as follows:

• Stock Trading: ?20 or 0.1% of the value of the financial instrument for each and every transaction executed. Note: If the charge per trade is less than ?2, a minimum charge of ?2 will apply.
• F&O Trading: ?20 per order.

10. Angel One

Angel One, formerly known as Angel Broking, offers advanced stock screening tools within its trading platform. This provides investors with a combination of analysis tools and brokerage services.  It is known to be one of the leading stock screeners in India dealing with financial stockbroking, portfolio management and investment advising.

Main Features:

• Integration and analysis
• SIP calculator
• Angel One super app
• Digital KYC
• Trading from charts
• Smart APIs.

Pricing:

Angel One provides its online clients with a flat charge broking package (iTradePrime). The scheme levies a flat Rs 20 per executed order for all other segments and provides brokerage-free equity delivery trading.

List of Other Best Screener For Indian Stocks

If you are looking for a few more options, here is a list of a few useful stock screeners that you can look at:

• Nuvama Wealth
• Equity Master 
• Investello 
• Capital Cube 
• MoneyWorks4Me
• Trading View.

When planning to invest in stocks, make sure that you understand the market and its rise and fall before investing. You could also ask people you know in stock trading for their views. But, to constantly analyze, track and check your investments, use a stock screener that suits your needs.

How Do Stock Screeners Work?

Stock screeners have hundreds of company databases in one place. This makes it easier to use, especially when filtering through the common indicators present.

Traders or stock investors use the best stock screener in India; then, they choose variables that have defined values. The platform searches through their databases and lists those company stocks that fulfill the criteria chosen.

What to look for when choosing the best screener for stocks in India?

There are hundreds of stock screeners to choose from. So, when choosing the best screener for stocks India, some factors you can look at are:

• User-Friendly Interface: Make sure the layout and design of the screen is simple, and this makes the screening process take a shorter time.  
• Customizable Filters: A screener should offer different filters for you to sort stocks based on different criteria.  
• Real-Time Data: Updated information is essential to traders, especially those engaged in intraday or swing trading. 
• Technical and Fundamental Analysis Tools: Moving to higher-level charts or financial ratios can help a lot with research.  
• Mobile Compatibility: Investors and traders use their mobile devices everywhere to open their account and monitor the screens and markets.  So, this feature is a must!
• Backtesting Capabilities: The screener that has backtesting features will help the investor test various investment strategies on simulated portfolio results. 
• Alert System: Make an effort to find the screeners that draw your attention to stocks on the basis of your required criteria and reflect real time changes. 
• Integration with Brokerage Accounts: A few stock screeners can connect to brokerage accounts so that users can transact immediately after analysing the data.

Now that you know what to look for in stock screeners, here are our top 10 recommendations for the best stock screener India:

Conclusion

The stock screeners are effective instruments that simplify the stock market for investors, thus enabling them to find stocks that best suit their investment objectives. By trying various screeners on various stocks, you will eventually learn which one suits you best, whether you are a seasoned investor or not. If you are planning to enhance your career as a stock market professional, then enrol in the stock market course for beginners in India.

Stock Screeners FAQ Section

1. What do Stock Screeners do?

A stock screener helps sort and display stocks that meet the user's criteria from the thousands available. It also displays the latest stock market data, information, and trends to help you make a decision.

2. Do stock screeners work?

If you know how to use them and understand the terminologies involved, then stock screeners can be a major help. They offer quantitative and unbiased opinions on a stock based on the user's requirements. But, it does take some learning and understanding to add the right variables for filtering.

3. What can stock screeners do?

Stock screeners help investors make informed decisions based on market studies and the technical analysis of previous data. Some common indicators include MACD, Relative Strength Index, on-balance volume, and others. The fundamental category includes price-to-sales ratio (P/E), Return-On-Equity (ROE), free cash flow (FCF), and others.

4. Is it good to use stock screeners?

Considering that India has over 7000 companies listed on the NSE and BSE, stock screeners are a great way to filter out your choices. But, you need to know which ones work best.

5. Where can I buy a stock screener?

You do not need to buy one, some of the best stock screener India are available for free. You just need to sign in and then can use the app or the website. Some screeners do have paid plans that offer better support.

6. What should I look at when scanning stocks?

When choosing stocks, there are some filters you need to look at. These include PE ratio, debt-equity ratio, market capitalization, return on equity, and technical factors such as high and lows, volume, and moving averages.