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
Ashwani Gujral of ashwanigujral.com suggests buying Bajaj Finance, Jubilant Foodworks, Avenue Supermarts and Ashok Leyland.
Ashwani Gujral of ashwanigujral.com recommends buying Titan Company with a stop loss of Rs 810, target of Rs 840, Reliance Industries with a stop loss of Rs 900, target of Rs 925 and a buy also on Jubilant Foodworks with a stop loss of Rs 1990, target of Rs 2050.
Rajat Bose of rajatkbose.com recommends buying Ashok Leyland and Infosys.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy HCL Technologies, Ashok Leyland and UPL and can sell Ujjivan Financial Services and Hindustan Petroleum Corporation.
Mitessh Thakkar of miteshthacker.com recommends buying Dabur India with a stop loss of Rs 319.90 and target of Rs 332, a buy on Motherson Sumi Systems with a stop loss of Rs 302 and target of Rs 324 and a sell on Pidilite Industries with a stop loss of Rs 886 and target of Rs 844.
Sandeep Wagle of powermywealth.com is of the view that one can sell Karnataka Bank and Adani Ports and can buy Ashok Leyland and NIIT Tech.
Sandeep Wagle of powermywealth.com feels that Ashok Leyland may test Rs 165.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Canara Bank and Punjab National Bank and can buy Ashok Leyland.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ashok Leyland and Godrej Industries and can hold Tata Elxsi and can sell LIC Housing Finance and PSU banks.
The Nifty metal index extended its morning loses and was trading lower by 2.8 percent dragged by Hindalco Industries, JSW Steel, JSPL, NMDC, SAIL, Tata Steel and Welspun Corp.
Credit Suisse has upgraded Aurobindo to Outperform from Neutral rating with a target price at Rs 750 per share as the stock is attractive for low valuations at 13x FY19 EPS.
Rajat Bose of rajatkbose.com is of the view that one can buy Bajaj Finance and Endurance Technologies and can sell Bajaj Auto.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Firstsource Solutions and Future Lifestyle and can sell Dish TV.
Dalmia Bharat, SBI and Ashok Leyland, among others are being tracked by investors on Thursday.
Mitessh Thakkar of miteshthacker.com recommends selling Bosch with a stop loss of Rs 18,900 and target of Rs 18,200, Shree Cements with a stop loss of Rs 16,850 and target of Rs 16,000 and Zee Entertainment with a stop loss of Rs 576 for target of Rs 545.
Mitessh Thakkar of miteshthacker.com recommends buying Ashok Leyland, Dr Reddy's Labs and Bharat Forge and advises selling Axis Bank.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Apollo Tyres and Mindtree and can sell Bank of India, DHFL, Axis Bank and M&M Financial Services.
Sudarshan Sukhani of s2analytics.com recommends buying Apollo Tyres, Ashok Leyland and Engineers India.
Mitessh Thakkar of miteshthacker.com recommends buying Axis Bank with a stop loss of Rs 529 and target of Rs 551 and Britannia Industries with a stop loss below Rs 4900 for target of Rs 5200.
Rakesh Bansal of RK Global advises buying Interglobe Aviation with a target of Rs 1330.
The year 2018 started on a positive note with benchmark indices hitting a fresh record high but things changed soon after the Budget 2018 was announced. Benchmark indices have plunged over 7 percent each from their respective record highs.
The Nifty Midcap 100 index which was seen outperforming in the early part of the week is witnessing heavy offloading in the past two trading sessions.
Vijay Chopra of enochventures.com is of the view that one may sell Bharat Forge with a target of Rs 750.
Sandeep Wagle of powermywealth.com is of the view that one can buy Ashok Leyland and can sell Punjab National Bank.
Mitessh Thakkar of mitesshthakkar.com recommends buying Ashok Leyland, Panacea Bio and Interglobe Aviation.