Stock markets are full of stories of successful wealth creation. The internet is full of stories of traders and investors who have made unsurmountable fortunes in stocks. However, creating such wealth in the stock market is easier said than done, and the stories are often difficult to replicate.
Investing and trading appear daunting to the uninitiated common investor owing to the technicalities involved. Stock markets and their mechanisms involve complexities from finance, business, law, technology, and many more. Knowledge and information thus play a vital role in determining one’s success in the stock markets, in addition to many other equally important factors.
The world of investing is an ocean of information, to say the least. India’s oldest stock exchange, the Bombay Stock Exchange or BSE, boasts a total of 5,309 listed companies as of January 24, 2024. All these companies are required to release their earnings reports in the form of quarterly and annual financial reports. Besides, there are data reflecting price history, trading volumes, etc. This just shows how the world of trading and investing is full of information. Technology plays a key role in making this data accessible and understandable for the masses. It’s also true that technology creates a divide in terms of accessibility of price-sensitive information to different classes of investors.
This deluge of information is what makes stock market analytics and research platforms a blessing for the average investor, guiding them to focus on essential insights amidst an overwhelming abundance of extraneous information.
In this article, we will look at one prominent market analytics and research platform in India, StockEdge, which offers multiple tools to make research and analytics-based market information accessible to Indian investors. The article will look at a thorough review of the platform while understanding its features and comparing them with the alternatives available.
What is StockEdge?
StockEdge is an equity market analytics and research platform that offers various tools to investors and traders to undertake fundamental research, technical research, and derivatives research in a simple and succinct manner based on data available from India’s two major stock exchanges- National Stock Exchange and Bombay Stock Exchange.
StockEdge aims to help Indian Stock Market Traders and Investors make better decisions by providing excellent end-of-day analytics, visualizations, and alerts. The platform aims to empower investors and traders to research independently by providing different analytics and research tools that simplify this daunting task of crunching loads of information.
Team Behind StockEdge
StockEdge was founded in 2016 by IIM Indore alumni Vivek Bajaj and Vineet Patawari. The stock analysis tool is a part of Kredent Infoedge Private Limited, the education company that is part of the Kredent group.
Mr. Vivek Bajaj, the co-founder of StockEdge, holds an MBA from IIM Indore and is a Chartered Accountant and a Company Secretary. Having started his journey as a market participant back in 2002, Mr Bajaj noted the evolving role of technology and big data in the equity markets and capitalized on this. Mr. Bajaj aims to bring simplicity to the world of market data.
Mr Vinnet Patawari, also an IIM Indore alumnus and a Chartered Accountant, holds over 12 years of rich experience in the domain of knowledge. Mr Patawari is the CEO and co-founder of StockEdge and brings tremendous value in building digital business ecosystems with a specific focus on creating frameworks for innovative knowledge delivery.
Mr. Bajaj and Mr. Patawari, Mr. Vinit Pagaria, and Mr Vinay Pagaria are also part of the core team behind StockEdge. Mr Vinay is one of the co-founders and the CTO of the company, and Mr. Vinit is the current Head of Research at the research and analytics firm.
How StockEdge Works?
The StockEdge platform is available in three different forms or modes. You can either download the StockEdge App on your mobile phone or download the StockEdge desktop app on your personal computer. Besides the web version of the platform, the “StockEdge Web” can also be accessed from your browser on any device. The interface across all these platforms is very similar, allowing users to avail themselves of the same features across different devices and modes.
You can find the link to the StockEdge Web platform from the StockEdge website’s home page. Once you have registered on the platform, you will see a page full of different data points. This is the home page of StockEdge Web.
StockEdge Web offers insights into different aspects of the equity markets. From the left bar on the home page, you can choose different sets of market insights such as indices, trending stocks, deals, FII and DII activities, IPO, etc. Besides, the ‘Analytics’ page allows you to chart patterns, trading strategies, company filings, etc. The overall interface of StockEdge Web can be divided into three segments, with the left side offering a menu to choose insights into different aspects of the equities markets. The centre of the webpage consists of various aspects relevant to each of the sections mentioned in the menu. On the extreme right, there is a slide-in menu consisting of Info, Notes, and Club sections.
StockEdge Features
As briefly highlighted in the last section, the StockEdge platform offers insights into the different aspects and parameters of the equities markets. Let’s look at a few of them in more detail.
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Market Insights
The platforms Market section offers you insights into Indices and their performance, trending stocks, news and updates from the market, deals, FII/DII activity, sectoral insights, IPO, notable investors, and insights from the SME sector. Each of these areas has a separate page offering detailed information and data points to help investors make informed investment decisions.
The Indices page allows you to explore the performance of top indices across NSE and BSE and identify the gainers and losers across different time frames.
The Trending Stocks page allows you to look at the stocks with significant price and volume movements over different time frames, including stocks that have attained 52-week highs or lows or all-time highs or lows. The News and Updates page gives you access to crucial information from the equity markets across different parameters, such as updates on results, FII/DII activity, corporate announcements, etc. The Deals page takes you through major deals in the equities markets, including bulk deals, block deals, and insider transactions, giving you the names of the stocks, the investors involved in the transactions, dates, and other details. The IPO page offers insights into ongoing, upcoming, and recently concluded IPOs.
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Analytics
The Analytics dashboard offers you different types of analytical insights based on available market data. Edge Insights highlights key stock events as brief snippets sourced from multiple in-house analytical modules. Investors can leverage these insights to stay updated and make timely decisions with respect to recent updates or changes in relation to particular stocks. The Edge Insights are updated at the end of the day for all stocks.
The Scans feature allows you to access pre-defined algo-based stock analysis and screening tools, which help you study a stock. This feature helps to narrow down the research and make decisions faster. There are different types of readymade scans based on different parameters, such as on the basis of significant price movements, patterns, breaching of thresholds, volume and delivery, technical parameters, etc. All these scans allow you to identify the stocks using specific parameters such as price, volume, etc.
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My StockEdge
StockEdge allows users to track their investing journey by offering different features and providing customized insights into specific stocks that they choose to track or invest in. This feature allows you to create your portfolios and track their performance. It allows you to create watchlists and targets and further allows you to make your scans using different sets of indicators and ratios.
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Mutual Funds
Besides individual stocks, StockEdge also provides insights into mutual funds. Considering over 2500 mutual funds in India are offered by over 40 fund houses, the world of mutual fund investing is also quite data-intensive. This makes platforms like StockEdge a handy tool to make informed decisions about mutual fund investing.
The Mutual Funds section on the platform offers insights into top-performing schemes, top Asset Management Companies, and the performance of mutual funds across different classes- Equity, Hybrid, Debt, and Others. Additionally, you can also explore schemes across different themes and sectors. The Mutual Funds section also offers insights into NFOs or New Fund Offers.
StockEdge Pricing
Even though StockEdge offers a multitude of analytical information and data in a structured and succinct manner, much of the data made available on the platform is publicly accessible, and the analysis presented is quite basic based on such data points. The advanced features and analytical reports are available only for premium subscribers. The subscribers also get access to “StockEdge Social”, a subscriber-only stock market community with exclusive club events.
StockEdge offers three different subscription plans with differing ranges of features- StockEdge Premium, StockEdge Pro, and StockEdge Club. These subscriptions offer exclusive features such as advanced scans, research reports by StockEdge Analysts, Analyst support, Expert recommendations, etc.
StockEdge Alternative
With the advent of technology, the Indian stock market ecosystem is now full of analytics and research platforms that offer market insights for investors and traders. A few of the notable alternatives to StockEdge are as follows:
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Tickertape
Tickertape is a content, information, and analytical platform for stocks, ETFs, Mutual Funds, and other investment products, owned by Anchorage Technologies Private Limited, which is a wholly owned subsidiary of Smallcase Technologies Private Limited which in turn is backed by the prominent stockbroker Zerodha.
What makes Tickertape a promising alternative to StockEdge is the wide range of information it provides for free and its integration with investing apps like Kite and Coin offered by Zerodha.
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Screener.in
Even though Screener comes with a very simple user interface, it provides a wider range of information insights into stocks, including more options for customized screeners using several financial ratios and other parameters.
We have done a review of some other stock market analysis platforms in the past.
Conclusion
Investing and trading can be daunting in light of the deluge of information overshadowing the complex world of equity markets. This is where analytics and research platforms like StockEdge come in to make the lives of investors easier. These platforms concisely provide useful information to the investors to enable them to make informed investment decisions. Like StockEdge, several similar analytics platforms are now available to the Indian investor, almost all of them coming with a freemium model.
If you are interested in exploring opportunities beyond the stock market you can have a look at our blog below and check out various platforms are their historical performance.
