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
Mitessh Thakkar of mitesshthakkar.com recommends buying Dr Reddy's Lab with a stop loss below Rs 2284 and target of Rs 2400, Repco Home above Rs 580, with stop loss of Rs 565 and target of Rs 610 and Maruti Suzuki with a stop loss of Rs 9180 and target of Rs 9300.
On the upside, a rally above 10,860 levels can see the index moving rally towards 10,929 levels which is its May high.
"We recommend buying on a minor dip towards Rs 6,000 for a near-term target of Rs 6,700. Traders can keep their stop loss below Rs 5,715," says Sameet Chavan of Angel Broking.
"We believe Bajaj Finserv is an attractive play on long term structural theme of financialiasation of savings in the economy," says Sumit Bilgaiyan of Equity99.
The Nifty corrected nearly two percent for the week-ended May 18 and slipped below its crucial support placed at 10,600, suggesting further pain in the coming session.
Deutsche Bank maintains its buy rating on Federal Bank but has reduced its 12-month target price to Rs 120 per share from Rs 130 earlier.
"We expect the index to continue with its base formation in the broader range of 10,750-10,500 in the near-term, with stock specific activity remaining in focus amid elevated volatility as we approach the upcoming Karnataka elections," says Dharmesh Shah, Head Technical, AVP at ICICI Direct.com Research
Rajesh Agarwal of AUM Capital recommends buying Jindal Steel & Power with target of Rs 263 and stop loss at Rs 245 and CESC with target of Rs 1078 and stop loss at Rs 1028.
Here is a list of top three stocks which could give up to 17% return in the next 6 months.
Dharmesh Shah of ICICIdirect.com recommends buying Bajaj Finserv with target at Rs 6095 and stop loss at Rs 5190 and has a buy also on Munjal Showa with target at Rs 269 and Stop loss at Rs 208.
Trends witnessed on the Singaporean Exchange indicate a positive opening for the Nifty back home. The SGX Nifty was trading at 10,588.50, up 0.32 percent from its previous close.
"We expect the stock to resume uptrend after the current consolidation breakout and head towards Rs 6100 in the medium term as it is the confluence of the breakout implication and 123.6 percent external retracement of September 2017 – February 2018 decline placed at Rs 6095," says Dharmesh Shah, Head Technical, AVP at ICICIdirect.com.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 21 points or 0.2 percent. Nifty futures were trading around 10,439-level on the Singaporean Exchange.
Here is a list of top three stocks which can give up to 17% return in the next six months.
After consolidating for over eight weeks, the stock has finally broken out from a Declining channel pattern on the weekly chart, says Hadrien Mendonca of IIFL.
Going forward, 25,000 is the immediate peak and is also the psychological mark that will act as a strong resistance for the Bank Nifty.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Wipro, Divis Labs, HDFC Bank, Bajaj Finserv and LIC Housing and can sell Cummins India and Engineers India.
Mitessh Thakkar of miteshthacker.com recommends buying Hexaware Technologies with a stop loss of Rs 346.50 and target of Rs 366 and advises selling Hindalco Industries around Rs 232-233 with stop loss of Rs 240 and target of Rs 220.
Mitessh Thakkar of miteshthacker.com recommends buying Bharat Electronics with a stop loss of Rs 151.50 for target of Rs 164, Can Fin Homes with a stop loss of Rs 528 for target of Rs 560 and Godrej Consumer Products with a stop loss of Rs 1063 and target of Rs 1095.
Ashwani Gujral of ashwanigujral.com recommends buying Bajaj Finserv, UPL and Motherson Sumi Systems.
Ashwani Gujral of ashwanigujral.com recommends buying Bajaj Finserv, Vedanta and Arvind.
Ashwani Gujral of ashwanigujral.com suggests buying Yes Bank, Can Fin Homes and Bajaj Finserv.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Steel, Rural Electrification Corporation and Ceat.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Repco Home Finance, Bajaj Finserv and LIC Housing Finance and can buy Indian Oil Corporation.
Ashwani Gujral of ashwanigujral.com recommends buying Yes Bank, Indiabulls Housing, ICICI Prudential and Biocon.