Which are the best fintech stocks in India right now?
As per Equitymaster's Stock Screener, here is a list of the best fintech stocks in India right now...
These companies have been ranked as per their price to book (PB) value ratio. Generally, speaking, low PB stocks are considered to be undervalued stocks. And high PB stocks are said to be expensive.
Of course, there are other parameters you should take into account before forming a hard opinion on the stock valuation.
What are fintech stocks?
Fintech stocks are listed companies that use technology to enhance or automate financial services and processes.
The word fintech comes from a combination of the terms "financial" and "technology".
A classic example is the advent of mobile wallet features such as Unified Payment Interface (UPI) being used by millions of Indians on a regular basis.
When should you invest in fintech stocks?
The best time to buy stocks from the fintech sector is when companies that have strong fundamentals are trading at attractive valuations.
Where can I find a list of fintech stocks?
The details of listed fintech companies can be found on the NSE and BSE website.
For a curated list you can check out our list of fintech stocks.