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
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Jet Airways, Bajaj Finance and Chennai Petro and can buy HCL Tech, Future Consumer and Kotak Mahindra Bank.
Ashwani Gujral of ashwanigujral.com suggests buying Steel Authority of India with a stop loss of Rs 84, target of Rs 96, a buy on BF Utilities with a stop loss of Rs 474, target of Rs 500 and a buy on Engineers India with a stop loss of Rs 188, target of Rs 202.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the trend is still up, and the next logical technical target is 10486-10537 and beyond that to 10826 as long as 10385 holds. The crucial support for the Nifty is at 10385-10240 and the resistance is at 10486-537-10826. Bank Nifty on the other hand has support at 25400 and resistance at 25800.
Manoj Murlidharan of Religare Securities suggests buying Bajaj Finance and expects the stock to test Rs 1,880.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Petronet LNG and India Cements while one can hold Sun Pharma while Reliance Industries is likely to test Rs 1,500.
Ashwani Gujral of ashwanigujral.com recommends buying Titan Company, Sudarshan Chemical and Max Financial Services.
Rajat Bose of rajatkbose.com suggests buying Bajaj Finance and Jet Airways.
In an interview to CNBC-TV18's Surabhi Upadhyay and Anuj Singhal, SP Tulsian of sptulsian.com shared his views and outlook on the fundamentals of the market and specific stocks.
Mitessh Thakkar of mitesshthakkar.com recommends a buy on Aurobindo Pharma above Rs 772 with stop loss of Rs 755 for target of Rs 810 and a buy on MRF with a stop loss of Rs 63,600 for target of Rs 67,000.
Ashwani Gujral of ashwanigujral.com recommends buying Ajanta Pharma, Wockhardt, UPL and Bajaj Finance.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell L&T Finance Holdings and Can Fin Homes and can buy VIP Industries.
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.
Sanjiv Bhasin of IIFL is of the view that one may see 8-10 percent upside in Federal Bank while he is cautious on Bajaj Finance.
Ashwani Gujral of ashwanigujral.com recommends buying Bharti Airtel, Jubilant Foodworks, JM Financial, Century Plyboards and Gujarat Gas.
There was plenty of stock specific action as nearly 130 stocks rose to a fresh 52-week high on the BSE.
Ashwani Gujral of ashwanigujral.com recommends buying Avanti Feeds, Sobha, NBCC, Bata India and Kotak Mahindra Bank.
Ashwani Gujral of ashwanigujral.com recommends buying Bombay Burmah, Bajaj Finance and National Aluminium Company.
Ashwani Gujral of ashwanigujral.com recommends buying Jindal Steel & Power and Sundram Fasteners and advises selling India Cements.
The top loser in Nifty50 Index were Indiabulls Housing Finance followed by Bajaj Finance and State Bank of India while the stocks that hit new 52-week low on the Nifty were Amara Raja Batteries, Wockhardt and Reliance Communications.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy V-Guard Industries, ICICI Prudential Life Insurance Company, Indraprastha Gas and IFB Industries and can short Reliance Infra.
Chandan Taparia of Motilal Oswal Securities is of the view that one can buy Bajaj Finance and TVS Motor Company while he feels that Sun Pharmaceutical Industries is likely to test Rs 560.
Ashwani Gujral of ashwanigujral.com advises buying Jubilant Foodworks, Future Consumer, Tata Chemicals and Raymond.
Ashwani Gujral of ashwanigujral.com advises buying Bajaj Finance, Future Consumer and IIFL Holdings.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Ashok Leyland, GAIL India and Hindustan Zinc and can sell Amara Raja Batteries.
Mitessh Thakkar of mitesshthakkar.com advises buying Bajaj Finance.