For example, let’s say you want a few stocks that belong to the banking sector, have a market cap of greater than Rs 50,000 cr, and have a PE ratio of less than 30.
You can go to a stock screener and put in these conditions. The stocks that match will be displayed.
These are just a few examples. There are many filters in screeners — most stock investing platforms offer stock screeners.
Many investors also use screeners to look for new investment ideas.