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
On the technical front, we believe that bullish momentum will continue towards 11,700 levels in the coming sessions and every dip should be used as a buying opportunity.
Taking the broader view into perspective, Nifty is well placed above all major moving averages and until 10800 holds any dip is likely to bought into.
Mitessh Thakkar of mitesshthakkar.com recommends buying Bajaj Finance above Rs 2785 with stop loss of Rs 2764 and target of Rs 2840, Vodafone Idea above Rs 33 with stop loss of Rs 32.5 and target of Rs 35 and Petronet LNG with a stop loss of Rs 228 and target of Rs 245.
Sudarshan Sukhani of s2analytics.com recommends buying Sun Pharma with stop loss at Rs 438 and target of Rs 458, ICICI Bank with stop loss at Rs 348 and target of Rs 360 and Britannia Industries with stop loss at Rs 3020 and target of Rs 3130.
V-Guard Industries, Ajanta Pharma, Infosys and Titan Company among top names
Earnings growth for FY20 will get better by H2FY20 led by positive lag-effect of reforms,” says Vinod Nair, Head Of Research at Geojit Financial Services
Citi raised price target sharply to Rs 1,500 from Rs 1,255 earlier as it increased estimates by 4-6% accounting for stronger volumes and recent price hikes.
A glance at the list reveals that Asian Paints outperformed the Sensex in 9 out of the last 10 years.
Mitessh Thakkar of mitesshthakkar.com recommends buying Bajaj Finance with a stop loss of Rs 2508 and target of Rs 2585, Berger Paints with a stop loss of Rs 322.5 and target of Rs 340 and Indian Bank with a stop loss of Rs 238.5 and target of Rs 255.
Brent crude futures, the international benchmark for oil prices, have slipped around 30 percent since early October to trade around $60 a barrel from around $86 a barrel
Mitessh Thakkar of mitesshthakkar.com recommends buying Ceat above Rs 1271 with stop loss of Rs 1255 for target of Rs 1300 and Godrej Industries with a stop loss of Rs 546 for target of Rs 565.
Mitessh Thakkar of mitesshthakkar.com suggests buying Apollo Hospitals with a stop loss below Rs 1229 and target of Rs 1295 and advises selling Arvind with a stop loss of Rs 314 and target of Rs 296 and CESC with a stop loss of Rs 687 and target of Rs 651.
Globally almost all the markets like commodity, currency, bond and equity have been very volatile in the last two-three months. Some of this volatility is still continuing in the developed equity markets
We believe Asian Paints is better placed to capture incremental growth in the industry on the back of its strong distribution network, cost efficient operations, better brand positioning amongst others.
Valuation of the broad market continues to be on the higher side and needs to settle as earnings growth is likely to downgrade further, says Vinod Nair of Geojit Financial Services.
Hindalco, Maruti Suzuki and ICICI Bank are among the big Nifty names that Motilal Oswal is placing its bet on, this Diwali.
The trend still remains to be on the downside and the next crucial support for the index is placed at 9950-9800 levels, suggest experts.
A retest of the crucial support placed around 10,000 indicates negative market sentiment.
Rajesh Agarwal of AUM Capital recommends buying Bandhan Bank with stop loss at Rs 367 and target of Rs 400, ICICI Bank with stop loss at Rs 309 and target of Rs 325 and SRF with stop loss at Rs 1754 and target of Rs 1838.
Amid global and domestic headwinds, the market is likely to remain volatile and investors should use the current fall to build a portfolio for the next 2-3 years, suggest experts.
We believe Asian Paints is better placed to capture incremental growth in the industry on the back of its strong distribution network, cost efficient operations, better brand positioning amongst others.
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.
Mitessh Thakkar of mitesshthakkar.com suggests buying Asian Paints around Rs 1255 with stop loss of Rs 1234 for target of Rs 1300 and Maruti Suzuki around Rs 7250 with stop loss below Rs 7100 for target of Rs 7590.
In terms of growth, we continue to expect Indian paints industry to grow at around 8 percent-12 percent in next few years.
Bulls should only be able to regain control if the index reclaims 11,170 levels comfortably, else we may consolidate around current levels.