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
The market is likely to continue its bull run, given the slew of growth-oriented measures taken by the government and RBI, though there could intermittent corrections, say experts.
Brokerage firm ICICI Direct pointed out that a healthy festive period and elements of pent-up demand, channel restocking led the auto industry to remain firmly on the recovery path in Q3FY21.
Although the majority of the oscillators & indicators are placed in overbought zones, but early signs of a trend reversal will come only on a close below 5-day SMA (LOW) standing around 13,550 mark.
Considering the derivatives data and moderate India VIX (volatility index) levels, the major fall is not expected in the short term and stock-specific opportunities would keep the traders in high spirits.
Global brokerage firm CLSA, as per CNBC-TV18, expects the passenger vehicle (PV) segment to outperform in FY22. It has increased FY21-23 PV forecasts by 7-9 percent and for two-wheelers (2Ws) by 1-3 percent.
A significant pick-up in demand was seen for commercial vehicles (CV) while passenger vehicles (PV), two-wheelers (2W) and tractors also did well.
Prabhudas Lilladher believes that current uncertainty is a passing phase and return to normalcy will result in several beaten down segments bouncing back strongly from FY22.
The benchmark indices and broader markets have rallied more than 55 percent from the lows of March 23, though they have been some correction in the last few sessions.
Gaurav Garg of CapitalVia feels the LTC and reintroducing of Special Festival advance scheme for government employees are expected to boost the consumer demand by additional Rs 36,000 crore.
Nifty failed to conquer the upward sloping short-term uptrend below which it broke on July 14th and as expected it acted as a stiff resistance.
Index traders can wait for consolidation or mild retracement to enter long and expect the bias to be on the positive side until the prices are trading above 10,020 levels.
India VIX is trading flat, holding its 200-day average and any spike above its medium-term average at 35 levels could increase volatility.
Largecaps or sector leaders are the safest bet during a crisis because the recovery momentum generally reflects first in these stocks, say experts.
The timely onset of the monsoon season from June 1 and the likely normal rainfall projects a strong outlook for the kharif sowing season, which is critical at such a challenging time.
The Nifty Auto Index has corrected by about 21 percent in the past two months, compared to an18 percent decline in the Nifty.
Given the sharp fall in stock prices across sectors, most experts advised accumulating quality and fundamentally strong scrips with a long term perspective.
Mitesh Thakkar of miteshthakkar.com recommends selling Bajaj Auto with a stop loss of Rs 3092 and target of Rs 3000 and Berger Paints with a stop loss of Rs 578 and target of Rs 560.
Benchmark index Nifty has witnessed sharp V-shape reversal rally since global tension started to fizzle out.
HDFC Securities selected stocks across major sectors financials, consumer, pharma, industrials, oil, automobile, cement and technology.
Further upsides are likely in the near term towards an immediate target of the cup and handle pattern that comes near 12,400 levels
Ashwani Gujral of ashwanigujral.com advices selling Tata Steel with a stop loss of Rs 390, target of Rs 375.
Most experts believe that the economy, as well as earnings, will pick up in the next financial year
FII remained net sellers last week as they sold equities worth Rs 1,272.41 crore.
The BSE and NSE will remain open for an hour on October 27 for the Muhurat Trading.
Maintaining underperform call on Bajaj Auto, Macquarie raised its target on the stock to Rs 2,700 from Rs 2,200 per share.