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
Deutsche Bank has maintained buy call on Apollo Tyres, MRF as well as Ceat.
Rajesh Agarwal of AUM Capital recommends buying RITES with stop loss at Rs 293 and target of Rs 315, Jindal Steel & Power with stop loss at Rs 177 and target of Rs 190 and TCNS Clothing with stop loss at Rs 647 and target of Rs 674.
Ashwani Gujral of ashwanigujral.com suggests buying DCB Bank with a target of Rs 174.
The stock can be sold at current level and on the rise towards Rs 218 with a stop loss above Rs 225 and a target of Rs 192 levels, says Ashish Chaturmohta of Sanctum Wealth Management.
Nifty needs to cross and sustain above 10,600 for the bounce back to continue towards 10,750-10,850, says Ashish Chaturmohta of Sanctum Wealth Management.
Amid global and domestic headwinds, the market is likely to remain volatile and investors should use the current fall to build a portfolio for the next 2-3 years, suggest experts.
Use the dips in the market to accumulate or buy into quality stocks.
Prakash Gaba of prakashgaba.com suggests buying Ajanta Pharma with target at Rs 1100 and stop loss at Rs 1020, Apollo Tyres with target at Rs 225 and stop loss at Rs 205 and State Bank of India with target at Rs 290 and stop loss at Rs 270.
The government raised basic customs duties across air conditioners, refrigerators, washing machines (
Traders can accumulate the stock in the range of Rs 270-275 for the upside target of Rs 300 and a stop loss below Rs 255.
Rajesh Agarwal of AUM Capital is of the view that one may buy Hindalco Industries with a target Rs 216.
Shitij Gandhi of SMC Global Securities said the current trend on the Nifty is likely to continue towards 11,200-11,220 in expiry week
Commodity prices rallied sharply between February and May 2018, which was beneficial to companies which are directly linked with like metals and select oil stocks, but falling prices is generally good for companies which use these commodities as their raw material.
Rajesh Agarwal of AUM Capital recommends buying Kaveri Seed Company with a stop loss at Rs 555 and target of Rs 582, ITC with stop loss at Rs 267 and target of Rs 281 and Century Textiles & Industries with stop loss at Rs 870. and target of Rs 908.
Immediate support for the Nifty is seen around 10,800 and 10,600 levels, whereas 11,200 will act as stiff resistance, says Abhishek Mondal of Guiness Securities.
Experts said investors will be better off betting on stocks that are showing growth momentum and those that will benefit from the spending push by the government ahead of elections.
On the upside, 10,820–10,840 are the levels to watch out for. On the flipside, 10,725 followed by 10,677 are likely to act as important support levels.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Asian Paints with a stop loss of Rs 1273 and target of Rs 1330, Wipro with a stop loss of Rs 255 and target of Rs 270 and sell Grasim Industries with a stop loss of Rs 1001.50 and target of Rs 960.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Dabur India with a stop loss of Rs 387.8 and target of Rs 405 and sell DLF with a stop loss of Rs 196.2 and target of Rs 182.
Rajesh Agarwal of AUM Capital recommends buying HPCL with stop loss at Rs 309 and target of Rs 323, Apollo Tyres with stop loss at Rs 269 and target of Rs 282 and Vedanta with stop loss at Rs 224 and target of Rs 236.
Prakash Gaba of prakashgaba.com is of the view that one can buy Apollo Hospitals with target at Rs 1060 and stop loss at Rs 1020 and also buy Power Grid with target at Rs 205 and stop loss at Rs 198 while advises selling Indian Oil Corporation with target at Rs 163 and stop loss at Rs 170.
We expect earnings to come at Rs. 1390 Cr, leading to an EPS of Rs 24.3 in FY20 and maintain a buy.
Traders can accumulate the stock in the range of Rs 270-272 for the target of Rs 300 with a stop loss below Rs 258.
On the daily chart, the index seems to have found support at the lower band of the rising wedge which led to a 100 points rally. The trend looks positive as the Nifty managed to float above its 50-day exponential moving average (EMA).
The corrective decline from all-time high saw the stock to rebound and took support at major breakout area indicating resumption of the primary uptrend thereby providing a fresh entry opportunity, says Dharmesh Shah of ICICI Direct.com Research.