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
A bullish trend could push the Nifty towards 11,950. Going forward, a sustained trade above 11,950 may induce a rally towards 12,100-12,250 levels
We expect VIX to remain at elevated levels as markets head towards election outcome
Ashwani Gujral of ashwanigujral.com recommends buying RBL Bank with a stop loss of Rs 670, target of Rs 692 and Amara Raja Batteries with a stop loss of Rs 678, target of Rs 700.
Sudarshan Sukhani of s2analytics.com recommends buying Tata Consultancy Services with stop loss at Rs 2055 and target of Rs 2100, Infosys with stop loss at Rs 743 and target of Rs 761 and V-Guard Industries with stop loss at Rs 218 and target of Rs 226.
Ashwani Gujral of ashwanigujral.com recommends buying Escorts with a stop loss of Rs 810, target of Rs 845, Ujjivan Financial Services with a stop loss of Rs 332, target of Rs 347 and L&T Finance Holdings with a stop loss of Rs 146, target of Rs 160.
Sudarshan Sukhani of s2analytics.com recommends buying Infosys with stop loss at Rs 734 and target of Rs 760, Manappuram Finance with stop loss at Rs 117 and target of Rs 126 and Bata India with stop loss at Rs 1346 and target of Rs 1380.
The global investment bank expects returns to be driven largely by earnings with potential valuation overshoot in the near-term.
Sudarshan Sukhani of s2analytics.com recommends buying Tata Chemicals with stop loss at Rs 581 and target of Rs 610, Godrej Consumer Products with stop loss at Rs 709 and target of Rs 725 and Interglobe Aviation with stop loss at Rs 1305 and target of Rs 1342.
Morgan Stanley, which expects the Sensex at 42,000 by December 2019, said the market could start pricing in a stronger election outcome in the coming weeks causing the Nifty to break its four-month range to the upside.
Sudarshan Sukhani of s2analytics.com recommends buying Buy HCL Tech with stop loss at Rs 1050 and target of Rs 1070, Larsen & Toubro with stop loss at Rs 1265 and target of Rs 1290 and Reliance Industries with stop loss at Rs 1220 and target of Rs 1255.
Mitessh Thakkar of mitesshthakkar.com recommends buying Amara Raja Batteries with stop loss of Rs 770 and target of Rs 805, Dr Reddy's Labs with a stop loss of Rs 2619 and target of Rs 2700 and Wipro with a stop loss below Rs 340 for target of Rs 360.
At the CMP, the stock trades at a P/E of 27x on TTM EPS. Stock has given strong break out on weekly chart.
For next week, Nifty has strong support at 10,730-10,650 levels and resistance at 10,870-10,940 levels
Harendra Kumar of Elara Capital said given the overall robustness in earnings recovery, 2019 could well be a year of midcaps and smallcaps.
Equirus Securities said uncertainty regarding elections in 2019 might keep markets volatile.
At the CMP, the stock trades at a P/E of 27.8x on TTM EPS. We are expecting strong numbers in Q2. We are recommending a buy in staggered manner for medium to long term, says Sumit Bilgaiyan of Equity99.
Sumit Bilgaiyan of Equity99 strongly believes that this Diwali will be 'discount wali' but the next one will be 'dhamake wali hogi'
Ashwani Gujral of ashwanigujral.com advises buying Adani Enterprises with a stoploss of Rs 148 and target of Rs 160.
These include names such as IOC, BPCL, Hero MotoCorp, Shree Cements, Ambuja Cements, Havells India, HPCL, ACC, Exide Industries, IGL, and Amara Raja Batteries.
Sideways to bullish movement in the coming session, within a range of 11,650 on the higher side and 11,450 on the lower side.
We recommend buying Amara Raja Batteries for the upside target of Rs 980 and keeping a stop loss placed below Rs 845, says Nandish Shah of HDFC Securities.
We advise accumulation of long positions in the Nifty with a stop-loss of 11,400 and a target of 11,750.
Rajesh Agarwal of AUM Capital recommends buying Karnataka Bank with stop loss at Rs 117 and target of Rs 124, GM Breweries with stop loss at Rs 740 and target of Rs 788 and Amara Raja Batteries with stop loss at Rs 875 and target of Rs 914.
On the upside, Gaurav Ratnaparkhi of Sharekhan is targeting 11,450 levels on the Nifty in the short term
Analysts’ advise investors to remain with quality stocks which might have fallen less in the carnage as compared to stocks whose value has eroded 50-80 percent in the past 6 months