MSSN conducts its 5th Investors Club Meeting with a presentation of screener.in
Moneylife Digital Team 21 May 2016
The 5th Investors Club event organised by Moneylife Smartsavers Network (MSSN) was conducted at the iconic Bombay Stock Exchange (BSE). The seminar, “How to use Screener.in to find great new stock ideas, analyse them & track them” was conducted by Ayush and Pratyush Mittal, the brains behind the website screener.in. Moneylife was among the first to introduce stock screens in India in 2006 in Moneylife magazine.
 
Moneylife has always believed that screeners are the very first and absolutely essential tools for stock picking. This is because finding a few stocks for detailed analysis from among thousands of listed stocks can be virtually impossible for retail investors who do not have access to paid databases. Fortunately, Mittal brothers have created screener.in, a web-based stock screening tool, which is available free to anyone. The brothers, who came to Mumbai all the way from the city of Lucknow, gave a brilliant presentation in how to use this powerful and essential tool. The brothers, who also helped launch the platform ValuePickr.com (a forum for value investors), enlightened the audience on how to create stock screens and track stocks based on such screens. 
 
 
Ashishkumar Chauhan, MD and CEO of BSE gave a brief introduction, highlighting the significance of investing. The seminar started with Debashis Basu, editor & publisher of Moneylife, explaining briefly why people could not rely on media, market experts and tips to pick stocks and there was a need of an objective method of stock-picking that scans all listed companies. 
 
Ayush and Pratyush Mittal explained how a free tool like Screener.in could be used by investors to shortlist stocks under financial and valuation parameters. They elaborated on how investors could use the website's customisation features to create their own unique screens for stocks. Ayush Mittal said, 'We have created 300 odd variables and allowed the user to create their own variables.' Chartered accountants by qualification and also full time investors, they shared their vast investing experience to an eager audience. They explained their ideas using real-life examples from well-known companies like Ajanta Pharma to little-known smaller companies like KG Denim. Ayush Mittal said that the pros and cons section, which has been created using an automated algorithm is an important feature of screener.in. Giving the importance of cons of a company, he remarked, 'If you reduce errors in the market while investing, you will do well.'
 
The event concluded with an interactive Q&A session where the brothers resolved doubts from the audience regarding how to use this powerful tool. They patiently answered questions regarding reading Annual Reports, identifying turnarounds, exiting companies, assessing management quality and identifying undervalued companies among other issues.
 
Comments
venkataramana pakam
8 years ago
Hi, Please share the recording of the video .
Sameer Wakude
9 years ago
Hi, Please share the recording of the video. Let me know what is the cost, I will transfer online, as done for previous video.
Prem
9 years ago
Pls share recording for a fee for people not in Mumbai.
Manish Avashia
9 years ago
Very Informative and felt nice hearing two young, bright and humble mind speak.
Ashish Saraf
9 years ago
Can I get the recording of the event?
Roy Aranha
9 years ago
excellent must get schools and colleges also aware and involved
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