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
Atish Matlawala of SSJ Finance & Securities said that rate cut will benefit banks as they will be able to bring down the cost of funds and pass on the benefit to the borrowers
DHFL | Tube Investments | ICICI Bank | Mercator | Mphasis and Ambuja Cement are stocks, which are in the news today.
In the March quarter, the most popular stocks performed the worst, failing to beat the benchmark; whereas neutral to moderately popular stocks delivered the second best return
We expect Bank Nifty is expected to trade in range of 29,500-30,100 in coming week.
Ashwani Gujral of ashwanigujral.com recommends buying Indiabulls Housing Finance with a stop loss of Rs 840, target of Rs 865, BHEL with a stop loss of Rs 72, target of Rs 80 and Bajaj Finance with a stop loss Rs 3030, target of Rs 3120.
It is expected that Nifty Auto will converge towards Nifty very soon.
Investors should be prepared for quality stocks as brokerages believe that there are ample opportunities in the market considering expected broad-based rally
Morgan Stanley is amongst them advising a buy on banks, especially those which bore the brunt of the latest non-performing loan cycle.
The Auto sector seems to be poised for a good move on the upside. One could capitalise on the medium term bout of positivity in the stocks mentioned here.
In terms of profitability, after witnessing a 60 percent CAGR in profits over CY10-FY18, HDFC Securities expects standalone profit growth to moderate to 10 percent over FY19-21E.
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 Hindustan Unilever with stop loss at Rs 1700 and target of Rs 1735, Dabur India with stop loss at Rs 436 and target of Rs 448 and DCB Bank with stop loss at Rs 195 and target of Rs 204.
Sudarshan Sukhani of s2analytics.com recommends buying Tech Mahindra with stop loss at Rs 800 and target of Rs 820 and Interglobe Aviation with stop loss at Rs 1050 and target of Rs 1180.
However, this period could also offer opportunities to cherry pick some quality equity investment.
Mitessh Thakkar of mitesshthakkar.com recommends buying Dabur India with a stop loss below Rs 453 for target of Rs 474, Bharti Infratel with a stop loss of Rs 298 and target of Rs 322 and ONGC with a stop loss of Rs 145 and target of Rs 155.
Mitessh Thakkar of mitesshthakkar.com recommends buying Arvind with a stop loss of Rs 89.5 and target of Rs 95 and ICICI Bank with a stop loss of Rs 360 and target of Rs 378.
Credit Suisse maintained its underperform rating on Lupin with a target price of Rs 800 while CLSA maintained its sell rating on Ashok Leyland and slashed its target price to Rs 75 from Rs 85 earlier.
Neutral-to-moderately popular stocks outperformed significantly when compared to the most popular stocks in the December quarter, according to a report from Motilal Oswal on contrarian investing.
For next week, Nifty has strong support at 10,730-10,650 levels and resistance at 10,870-10,940 levels
We recommend selling Ashok Leyland around Rs 104-105 with a price target of Rs 96/92 and a stop loss placed above Rs 109, says Aditya Agarwal of Way2Wealth Brokers.
Mitessh Thakkar of mitesshthakkar.com recommends buying Wipro with a stop loss of Rs 332 and target of Rs 356, Capital First with a stop loss of Rs 534 and target of Rs 570 and Ujjivan Financial Services around Rs 240 with stop loss of Rs 234 for target of Rs 255.
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.
The stock has also broken below its short-term moving averages indicating further downside cannot be ruled out, says Hadrien Mendonca of IIFL.
Experts said there could be some volatility going ahead due to RBI monetary policy meeting, as well as the outcome of state elections.
Mitessh Thakkar of mitesshthakkar.com suggests buying Bajaj Finance with a stop loss of Rs 2414 and target of Rs 2490, Escorts with a stop loss of Rs 678 and target of Rs 718 and Balkrishna Industries with a stop loss of Rs 972 and target of Rs 1022.