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
Prakash Gaba of prakashgaba.com feels that Tata Chemicals can climb to around Rs 650.
Prakash Gaba of prakashgaba.com is of the view that one may prefer IndusInd Bank, HDFC and Ashok Leyland.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Indraprastha Gas and Ashok Leyland.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Jubilant Foodworks and Ashok Leyland.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy SREI Infrastructure.
Prakash Gaba of prakashgaba.com feels that Ashok Leyland may slip to Rs 108.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell M&M and buy Ashok Leyland, Colgate Palmolive and Divis Laboratories.
IDFC Securities expects Ashok Leyland to expand market share by 100 bps over FY17-20 and has maintained an outperform rating on the stock with a target price of Rs 135.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ashok Leyland, Biocon and Hindalco Industries and sell Castrol India.
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.
Yogesh Mehta of Motilal Oswal advises buying Reliance Industries, Bank of Baroda and Ashok Leyland.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Infosys and buy Balkrishna Industries and JSW Steel.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy NMDC and hold Adani Ports and Special Economic Zone while can sell PVR and Ajanta Pharma and avoid Lupin.
Prakash Gaba of prakashgaba.com is of the view that crucial support for the Nifty is at 10020 and the resistance is at 10138-10150. Bank Nifty on the other hand has support at 24600 and resistance at 25000.
Chandan Taparia of Motilal Oswal Securities recommends buying Yes Bank, Ashok Leyland and Tata Steel.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bharat Financial, Ashok Leyland and Ambuja Cements and advises holding Vedanta.
According to VK Sharma, Head of Business, Private Client Group at HDFC Securities, one can pick Maruti Suzuki, Ashok Leyland, Kotak Mahindra Bank, Tata Chemicals, Torrent Power and Kajaria Ceramics.
The August numbers showed three Interesting trends: CVs witnessed a strong growth on the back of good monsoon and increased production of BSIV compliant vehicles; early signs of revival in three-wheeler sales following government’s decision to end permit raj and a pick-up in exports on the back of improving global climate.
VK Sharma of HDFC Securities suggests buying Aurobindo Pharma, Ashok Leyland, ICICI Prudential and IndusInd Bank.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy NIIT Technologies, NMDC and Ashok Leyland and sell Infibeam.
Prakash Gaba of prakashgaba.com is of the view that BEML looks good and likes IDFC and advises buying Ashok Leyland on dips.
According to Prakash Gaba of prakashgaba.com, some more sideways movement is expected with volatility while the resistance beyond 9912 would be 9965. The crucial support for the Nifty is at 9780-9740 and the resistance is at 9965. Bank Nifty on the other hand has support at 24250 and resistance at 24511.
Ruchit Jain of Angel Broking advices buying selling Apollo Hospital with a target of Rs 1030.
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Prudential, Ashok Leyland and Central Bank of India.
According to Technical Analyst Prakash Gaba of prakashgaba.com, crucial support for the Nifty is at 9785 and the resistance is at 9911. Bank Nifty on the other hand has support at 24074 and resistance at 24511.