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
Having said that, it expects medium and heavy commercial vehicles to report single-digit growth in the month of August.
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Bank with a stop loss of Rs 315, target of Rs 332, Reliance Industries with a stop loss of Rs 1200, target of Rs 1265 and Ajanta Pharma with a stop loss of Rs 1170, target of Rs 1225.
Mitessh Thakkar of mitesshthakkar.com recommends buying KPIT Technologies with a stop loss of Rs 301 and target of Rs 320 and Sun Pharmaceutical Industries with a stop loss of Rs 564 and target of Rs 595 and advises selling Colgate Palmolive with a stop loss of Rs 1136 and target of Rs 1090.
Bajaj Auto stock was bought by Kevin Dsa (officer & relatives) to the tune of 500 shares through market purchase on July 25 and Shishir Jaipuria bought 61,933 shares of Ginni Filaments through market purchase from July 20 to July 25, 2018.
Hemang Jani, Head - Advisory, Sharekhan, said any major declines should be used as an opportunity to get into quality names in the consumption and financials space
Mitessh Thakkar of mitesshthakkar.com suggests buying Havells India with a stop loss below Rs 562 and target of Rs 595, PVR around Rs 1400 with stop loss of Rs 1379 and target of Rs 1450 and Repco Home Finance with a stop loss of Rs 576 and target of Rs 620.
Prakash Gaba of prakashgaba.com advised selling Bajaj Auto with a target price of Rs 2,790 and stoploss at Rs 2,855.
Bajaj Auto looks relatively better amongst 2-wheelers, the global brokerage firm feels.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy Bajaj Auto with a target of Rs 2980.
With monsoon set to arrive on time, the coming week will be extremely important for investors and the market alike.
“The Beats-to-misses (BTM) ratio for 4Q was 0.76x indicating that there were more misses than beats this quarter. After the largely positive surprises in 2Q which had a BTM of 1.42x, 3Q and 4Q have witnessed a sequential decline,” JM Financial said in a report.
Mitessh Thakkar of mitesshthakkar.com recommends buying Bajaj Finance with a stop loss of Rs 2099 and target of Rs 2160 and Indian Oil Corporation with a stop loss of Rs 166 and target of Rs 180.
Prakash Gaba of prakashgaba.com recommends buying Dabur India with target at Rs 385 and stop loss at Rs 374, Exide Industries with target at Rs 266 and stop loss at Rs 252 and a buy also in Hindalco Industries with target at Rs 255 and stop loss at Rs 237.
"At current market price of Rs 2,777, the sock is valued at a P/E of 19x on FY18 EPS. We expect an upside of 13 percent with a target of Rs 3,135 by FY19 end," says Akash Jain, Vice President - Equity Research at Ajcon Global.
Fall in crude prices and rupee against the dollar would bring some respite to investors
"At current market price of Rs 3,668, the stock seems expensive to us and earnings growth in coming quarters and onset of monsoons will drive the trend of stock prices," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
"A bounce in price is expected to take the stock higher towards Rs 3080 to Rs 3100 with a stop loss below Rs 2810," says Mustafa Nadeem, CEO at Epic Research.
"A decline in volatility has further aided the momentum for bulls which shows the range to be intact with upward bias since we have seen writing in strikes at 10,500 - 10,400 along with 10,700 - 10,800," says Mustafa Nadeem, CEO at Epic Research.
"The immediate support is seen around 10,451 (100DMA) and 10,400 levels. According to daily Pivot charts, the key support level is placed at 10,509, followed by 10,470. If the index starts moving upwards, key resistance levels to watch out for are 10,574 and 10,600," says Abhishek Mondal, Research Analyst at Guiness Securities.
"Nifty has formed Bullish Candles for three consecutive days. Index might face strong hurdle around 10430-10455 levels i.e. 100 and 50 SMA respectively," says Rajesh Agarwal of AUM Capital.
Ashwani Gujral of ashwanigujral.com suggests buying Kotak Mahindra Bank, Axis Bank, PNB Housing, Escorts, SREI Infra and Bajaj Auto.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Bajaj Auto and Tata Power and can buy Pidilite Industries.
If the Nifty fails to cross the immediate resistance of 10,455 can resume the choppy and volatile trading sessions dragging the index lower to levels of 10,155-10,095.
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.
In an interview to CNBC-TV18, Ashwin Patil, Research Analyst at LKP Securities discussed the auto sales for February and the overall auto sector.