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
The market is likely to remain in consolidation mode in next week amid corporate earnings, Delhi assembly elections results and domestic data including IIP, CPI and WPI.
A reduction in personal income tax will lead to higher consumption and will be positive for many sectors, especially autos and consumers, said experts.
In case of any decline, Nifty will continue to find support around 11,800-11,700 levels, which coincides with horizontal trendline supports and will act as a line of polarity.
Given current market sentiment and high perceived risk towards corporate governance issues, it is best to avoid poorly governed mid and smallcap companies with question marks on their financials, Rusmik Oza advised.
Joseph Thomas, Head Research - Emkay Wealth Management, also told Moneycontrol that after the recent fall in the market, the midcaps and smallcaps are a good option.
We expect the sales and profitability momentum of Aditya Birla Fashion to persist.
There has never been dearth of quality and alpha-generating stocks in the market irrespective of cycles. Hence, investors may still invest in quality stocks, said an expert
Aditya Birla Fashion is aimed to establish itself as the No 2 player in the innerwear segment and its balance sheet is on an improving trajectory, said the brokerage house
We expect this growth momentum to continue into H2 FY19.
A trade below 10,755 will trigger profit booking dragging the index lower to levels of 10,560-10,460, says Aditya Agarwala of YES Securities.
On the strong profit growth, we raise our EBITDA margin Estimate by 1 percent to 8.30 percent FY20E.
Amid rising complexity, Jefferies preferred to maintain hold rating on Future Retail.
The company’s revenue grew 8.7 percent YoY, to Rs 1910 crore, in line with our estimate.
Foram Parekh of Indiabulls Ventures feels that earnings recovery will continue in H2FY19 but at a slower pace
Experts feel that investors sitting on cash should buy into markets in a scattered manner instead of making a lump sum payment.
We reiterate our buy rating on the stock, with a revised target price of Rs 237 based on 19x FY21e EV/EBITDA.
Experts have advised investors to not get rattled by volatility and continue to stay invested in high-quality names with steady balance sheets and management.
On the strong profit growth, we raise our EBITDA margin estimate of Aditya Birla Fashion by 1 percent to 8.3 percent FY20E, says Siddharth Sedani of Anand Rathi Shares and Stock Brokers.
With markets hitting fresh highs, most experts said there is need for a portfolio rejig and investors should add stocks that are showing growth
Rajesh Agarwal of AUM Capital is of the view that one can buy Sun Pharmaceutical Industries with stop loss at Rs 584 and target of Rs 625 and Aditya Birla Fashion with stop loss at Rs 187 and target of Rs 200 and can sell Kotak Mahindra Bank with stop loss at Rs 1310 and target of Rs 1260.
"For the medium to long term, we are positive on financials and automobiles," says Siddharth Sedani of Anand Rathi
We have a buy coverage of Aditya Birla Fashion and Retail with a target price of 186 at an EV/EBITDA of 17x FY20e, says Siddharth Sedani of Anand Rathi Shares and Stock Brokers.
The global investment bank has turned cautious on the midcaps space and prefers quality and growth visibility. The domestic mutual fund's industry has a bias towards mid/smallcaps in general.
Rajat Bose of rajatkbose.com is of the view that one can sell Interglobe Aviation and can buy Aditya Birla Fashion.
The global investment bank analysed the portfolios of 90 percent (by value) of the domestic equity funds to assess the impact.