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
Prakash Gaba of prakashgaba.com recommends buying Jubilant Foodworks with target at Rs 1620 and stop loss at Rs 1582 and SRF with target at Rs 3500 and stop loss at Rs 3380.
Prakash Gaba of prakashgaba.com advises buying DLF with a stop loss of Rs 220 and target of Rs 240.
Sudarshan Sukhani of s2analytics.com recommends selling Havells India with stop loss at Rs 646 for target of Rs 631 and MCX India with stop loss at Rs 1125 and target of Rs 1050.
Lower interest rates and good monsoon are expected to help the economy. Also, positive developments in the global arena for the US-China trade deal and the Brexit resolution will provide additional support
Apart from consumer finance, the company also has substantial business penetration in SME, commercial and rural lending.
While the Nifty spot cleared the 12,000 mark several times during this week, it failed to close above this level. On the downside, 11,800 support is still intact
Mitessh Thakkar, mitesshthakkar.com recommends buying Amara Raja Batteries with a stop loss of Rs 737 and target of Rs 770 and HDFC Bank with a stop loss of Rs 1259.5 for target of Rs 1300.
Given current market sentiment and high perceived risk towards corporate governance issues, it is best to avoid poorly governed mid and smallcap companies with question marks on their financials, Rusmik Oza advised.
Volatility needs to move below 16 for market up move to sustain. However above moving 18, could lead to profit booking in market.
There is strong support around 11,000 for Nifty, and, if it breaks below that, the Nifty could test 10,850-10,800 levels, experts feel.
For the week, we expect the Bank Nifty to trade in the range of 28,000-26,500 with mixed bias.
Here are 10 stocks where brokerages initiated coverage in August with a buy rating:
The golden rule of investment is to pour money in stocks that are trading at attractive levels compared to their intrinsic value, thus allowing investors to create wealth over a period of time
The indecisive candle on monthly chart followed by bearish candle is suggesting that bulls are likely to struggle at higher levels.
If Nifty trades below 11,485 levels then we may see some profit booking initiating in the market, which may correct up to 11,330-11,245-11,090 levels
But, comparatively, more companies have seen an EPS downgrade than an upgrade
In the last week, the S&P BSE Midcap index shed 0.57 percent, Smallcap Index fell 1.55 percent, while S&P BSE Largecap Index was up 0.84 percent in the week gone by.
On May 16, S&P BSE Oil & Gas rose 1.5 percent, followed by the S&P BSE realty that gained 1.3 percent, and the S&P BSE Power that was up 1.3 percent
Based on the broader formation of the market, it would now be a very tough task for Nifty to cross 11,760, before the outcome of election results
Bajaj Finance has a strong distribution network having presence in 1736 locations in India with over 84700+ active distribution points.
Mitessh Thakkar of mitesshthakkar.com recommends buying Bajaj Finserv with a stop loss of Rs 7594 and target of Rs 7740 and HCL Tech with a stop loss of Rs 1120 and target of Rs 1175.
Ashwani Gujral of ashwanigujral.com recommends buying Indiabulls Housing Finance with a stop loss of Rs 840, target of Rs 865, BHEL with a stop loss of Rs 72, target of Rs 80 and Bajaj Finance with a stop loss Rs 3030, target of Rs 3120.
Morgan Stanley is amongst them advising a buy on banks, especially those which bore the brunt of the latest non-performing loan cycle.
Few large-cap stocks are performing well that are contributing high in the index gain. However, if we talk about mid and smallcap, steam is gathering to give a breakout based on the charts
Ashwani Gujral of ashwanigujral.com recommends buying Can Fin Homes with a stop loss of Rs 355, target of Rs 372, Cholamandalam Investment with a stop loss of Rs 1470, target of Rs 1510 and Bajaj Finance with a stop loss of Rs 3100, target of Rs 3165.