Stock analysis is used by traders to make buy and sell call. It’s an approach to make informed decisions while investing in stocks. Stock analysis can be categorised into – fundamental analysis and technical analysis. Fundamental analysis is evaluation of data from sources, including financial records, economic reports, company assets, and market share. Analysts typically study the company’s financial statements – balance sheet, income statement, cash flow statement, and footnotes. These statements are made available to the investors in the form of quarterly earnings, disclosures to stock exchanges in compliance with the Securities and Exchange Board of India (Sebi) norms. In fundamental analysis, the analysts particularly check for a company's core income, income from other sources, profitability, guidance, assets and liabilities and debt ratio among other parameters. The other method, i.e. the technical analysis focuses purely on statistical data. It works on two assumptions; one, the stock price reflects the fundamentals. Second, the study of past and present movement in prices can help determine the future price trends. Technical analysis primarily deals with price, volume, demand and supply factors. This method is effective only when supply and demand forces influence the market. However, when outside factors are involved in a price movement, technical analysis may not be successful. More
Rupak De of Bonanza Portfolio said the Nifty may find support at the lower band of the rising channel which is currently pegged around 11,450. “On the higher end, 11,600 and 11,660 are likely to act as immediate resistance.”
Sector rotation is likely to continue further. At current stage derivative data indicates a bullish scenario to continue with Nifty having multiple strong supports at lower levels at 11500 & 11400 spot levels.
Traders can accumulate the stock in the range of Rs 1,230-1,240 for the target of Rs 1,370 and a stop loss can be placed below Rs 1,182.
A decisive fall below 10,550 may induce a correction towards 10,330 levels. On the other hand, a short term pullback may be seen in the market if the Nifty moves decisively above 10,620 levels.
Ruchit Jain of Angel Broking advises buying Godrej Consumer with a target of Rs 1091.
Ashwani Gujral of ashwanigujral.com suggests buying Shriram Transport, Indraprastha Gas and ABB.
Any decent declines during the year remain to be a good buying opportunity for investors having longer-term horizon. On the downside, 10460 – 10426 are the levels to watch out for.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Gruh Finance, Praj Industries, ABB, Bank of Baroda and Colgate Palmolive (India) and advises selling Century Textiles and Industries.
With PM Modi’s vision of making every Indian car electric by 2030, stocks of automakers and ancillary companies which produce electric parts or vehicles are likely to take off.
Ashwani Gujral of ashwanigujral.com suggests buying Adani Transmission, Tata Communications, Bombay Burmah, Muthoot Finance and Capital First.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on the market and specific stocks and sectors.
In an interview to CNBC-TV18's Anuj Singhal, SP Tulsian of sptulsian.com shared his views and outlook on the fundamentals of the market and specific stocks.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com in which he shared his readings and outlook on market and specific stocks.
ABB’s products are now more strategically placed in the segments that are actually witnessing traction.
In the quarter ended June 2017, the company has posted revenue of Rs 2230 crore, EBIDTA margin of 6.6 percent and EBITDA of Rs 150 crore, which is below research firm estimate due to ECL provisioning done under Ind-AS accounting system and expenses incurred on developing new products.
Ashwani Gujral of ashwanigujral.com suggests buying PVR, Deepak Fertiliser and Grasim Industries.
We expect stock specific action to continue going forward as we have entered into the quarterly earning seasons.
ICICI Securities expects companies in the capital goods space to exhibit a strong recovery in earnings backed by a pickup in order inflows.
The expectations from June quarter earnings are fairly muted. However, few surprises cannot be ruled out.
The trend indicates that there may be some more buying into the system in the coming session.
Ashwani Gujral of ashwanigujral.com recommends buying GSFC, Jindal Steel & Power and Rural Electrification Corporation.
Ashwani Gujral of ashwanigujral.com recommends buying DLF, REC and Simplex Infra while ABB may test Rs 2200.