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
Pent-up demand continues to propel auto stocks, while rising interest rates auger well for financials. However, the anticipated global slowdown is spoiling the party for IT and metal companies
After a recent low touched on June 20, the index has rallied nearly 11 percent and from March lows, it has risen more than 29 percent, which has been the highest among sectors. The rally has been on the back of a decline in metal prices, the key raw material used by the sector.
All automobile segments barring tractors and two-wheelers are expected to post strong year-on-year growth in June, largely on a low base in 2021 when India was battling a devastating second Covid wave
The Nifty 50 lost 0.8 percent last week but stayed consistently above the crucial 17,000 mark as well as the 200-day moving average of about 17,030 in the past six straight sessions. The first half of this week will likely give a fair idea of the short-term direction
Commodities will be the biggest gainers and as long as the geopolitical heat continues, it will be the dominating market theme, Axis Securities said.
Indian two-wheeler companies are currently undergoing one of the worst down cycles in their history.
Trade Spotlight | Here's what Rajesh Palviya of Axis Securities recommends investors should do with these stocks when the market resumes trading today
A more-dovish-than-expected monetary policy by the central bank and the easing of Omicron concerns helped the bulls to retain control.
One needs to now start lightening up longs if Nifty extends the relief move in the coming sessions, says Sameet Chavan of Angel One.
Sameet Chavan of Angel One reiterates avoiding aggressive longs and even if one wants to follow stock specific moves, needs to be very selective.
Considering the recent behaviour of the market, it is pretty clear that the bulls are not willing to let loose their firm grip so easily, says Sameet Chavan of Angel One.
For Nifty, 17,500-17,450 zone would act as strong support while 17,850-17,950 zone will now be strong resistance, said Shitij Gandhi of SMC Global Securities.
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.