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
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Divis Laboratories, Bajaj Auto, Tata Chemicals and V-Guard Industries and can sell Chennai Petroleum.
Ashwani Gujral of ashwanigujral.com recommends buying State Bank of India, Reliance Industries, Pidilite Industries and Bajaj Auto.
Ashwani Gujral of ashwanigujral.com suggests buying Sobha, Interglobe Aviation, Jaiprakash Associates and Bajaj Auto.
In an interview to CNBC-TV18's Latha Venkatesh, and Surabhi Upadhyay, SP Tulsian of sptulsian.com shared his readings and outlook on market and specific stocks and sectors.
ITC, Bajaj Auto, Axis Bank and Adani Port could give up to 14 percent return in the short term.
Mitessh Thakkar of mitesshthakkar.com has recommends a buy on Mangalore Refinery and Petrochemicals which has a positive candlestick pattern with a stop loss of Rs 131 for target of Rs 140 while Ashwani Gujral of ashwanigujral.com has a buy on Maruti Suzuki with a stop loss of Rs 8000, target of Rs 8250.
Sudarshan Sukhani of s2analytics.com is of the view that one can avoid HDFC Bank and can sell Capital First, Fortis Healthcare and Siemens and can buy Ambuja Cements and Bajaj Auto.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Federal Bank, National Aluminium Company and Torrent Power and can sell Maruti Suzuki and Bank of Baroda.
CLSA has upgraded UltraTech to buy from outperform and has raised its target price on the stock to Rs 4,900 from Rs 4,700 per share as it feels overall Q2 results were good and there was no shock in newly acquired Jaiprakash Associates' units.
Sharmila Joshi of sharmilajoshi.com is of the view that one may buy Wipro on dips.
Bharat petroleum Corporation and Indiabulls Housing Finance which added over 2 percent each on the Nifty while a total of 142 stocks hit 52-week high in today's trade on the BSE Index.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Bajaj Finance and can buy Bajaj Auto, Cipla, Federal Bank, Tata Motors DVR and BEML.
The midcap Index which was again the outperformer, up 1.29 percent led by Jain Irrigation Systems and Jaiprakash Associates while Bajaj Auto, ICICI Lombard General Insurance Company, MphasiS and Vedanta were some of few stocks that hit 52-week high on the NSE.
Mitessh Thakkar of miteshthacker.com recommends buying Federal Bank, Bajaj Auto, Mahindra & Mahindra and Sun Pharma.
Ashwani Gujral of ashwanigujral.com recommends buying Bajaj Auto, Oberoi Realty, Jubilant Foodworks, Gujarat Gas, Chennai Petro and Federal Bank.
Bank Nifty was marginally in the green, up 0.12 percent but the stock which zoomed was Federal Bank that zoomed 5.38 percent after the company declared strong Q2 numbers while ICICI Bank was up 1 percent.
Sudarshan Sukhani of s2analytics.com advises avoiding private banks and recommends buying Bajaj Auto, Cipla and Jubilant Foodworks.
Stock has given breakout from symmetrical triangle with above average volumes on weekly charts, which is very bullish for the stock. Currently, the stock is retracing to the vertical up move that was between 3000 and 3200. Our advice would be to buy the stock at current levels and keep a stop loss at 3080.
Rahul Shah of Motilal Oswal suggests buying Bajaj Auto, JSW Steel and Tata Power.
Mitessh Thakkar of miteshthacker.com suggests buying Tata Communications and CESC and has a positive view on Tata Motors.
Ahead of the The Researve Bank of India's monetary policy meeet, interest rate sensitive stocks including the likes of real Estate, NBFCs and auto stocks were trading in the green while banking stocks were mixed with SBI trading positive and ICICI Bank, HDFC Bank and Axis Bank in the red.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy GAIL India, Hindustan Zinc and Mindtree and can sell Pidilite Industries and Strides Shasun.
According to VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities, one can buy Bajaj Auto, Eicher Motors, Tata Motors, Bharat Petroleum Corporation and Titan Company.
Ashwani Gujral of ashwanigujral.com recommends buying Ashok Leyland, TVS Motor Company, Bajaj Auto, Dewan Housing Finance and Bombay Burmah Trading Company.
Mitessh Thakkar of mitesshthakkar.com advises buying Bajaj Auto.