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
In an interview to CNBC-TV18, Rajesh Kothari, Managing Director, AlfAccurate Advisors shared his views and readings on some of the sectors from the broader market which are doing well despite of volatile market.
Rajat Bose of rajatkbose.com is of the view that one may enter Asahi Songwon Colors between Rs 275-300.
In a CNBC-TV18 interview, SP Tulsian of sptulsian.com shared his reading and outlook on market and specific stocks.
The stocks that are expected to gain are Nilkamal, HMVL, Vardaman Textiles, Bajaj Auto, OK Play India, Thangamayil Jewellery, Rajratan Wire and the stocks that will likely be under pressure include Kaya, Concor, HCL Infosystems, Vaibhav Global, Asahi Songwon, Indosolar, Scooters India, Automotive Stamping and Parrys Sugar.
Prakash Diwan of prakashdiwan.in is of the view that Asahi Songwon may test Rs 200.
Prakash Diwan, Director of Altamount Capital Management is of the view that auto ancillary space continues to be promising.
The downside in Asahi Songwon Colors is very limited from hereon. It is a decent stock to own and this is a long-term story, which ideally should give you very decent return over the next 24 months, says Rajen Shah, Chief Investment Officer, Angel Broking.
Asahi Songwon could be a true multibagger if someone has a patience to hold from next 2-2.5 years. This particular stock has been consolidating between Rs 80 to Rs 110-120 odd levels but we feel the stock has got tremendous potential if someone has got that longer term view on the stock, says Aashish Tater, Head of Research, Fort Share Broking.