Application of CANSLIM Strategy to Private Sector Banks in India
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Abstract
Fundamental analysis is a stock valuation methodology that uses financial and economic analysis to envisage the movement of stock prices. CAN SLIM is a growth stock investment strategy formulated by William O Neal from the study of the 500 best performing stock market winners dating back to 1953 in the book how to Make Money in Stocks. This study seeks to apply CANSLIM methodology to the private banking space in India and rank all private banks in India based on CANSLIM methodology. The main purpose of study is to comparatively analyze the performance of different private banks using CANSLIM analysis in order to identify the best security in the private banking industry and determine the returns of banks chosen by the CANSLIM methodology in relation to the market and other peers. The data collected includes the financial statements, shareholding, and volume of the shares traded by the private banks in India for one year. The data collected has been processed through the CANSLIM model and the results have been analyzed.
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