To create a screener that filters stocks based on increasing public shareholding, follow these steps:
Step 1: Create a Custom Parameter
Define a custom parameter. For example, the quarter-over-quarter change in public holding, which could be named PublicQoQChangeP. The formula will be:
PublicQoQChangeP = - (Institutional holding change QoQ % + Promoter holding change QoQ %)
Note: Institutional holding includes FII, DII and other holdings.
The name PublicQoQChangeP is only an example; you can choose any name for your custom parameter.
For more details on creating custom parameters, visit our help article.
Step 2: Create Your Screener
Now, use the custom parameter in the "Create Screener” section with a query.
For instance, if you want to create a screener to find stocks with an increase in public shareholding over the last quarter, the query would be:
PublicQoQChangeP > 0
This query filters for stocks with an increase in public shareholding compared to the previous quarter. For detailed instructions on creating screeners, refer to our FAQ on creating a new screener.
These steps allow you to create screeners using custom parameters.