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 suggests buying Bharat Forge, Balkrishna Industries and Sun TV Network.
Sandeep Wagle of powermywealth.com is of the view that one can buy Balkrishna Industries and can sell PC Jeweller.
Rajat Bose of rajatkbose.com recommends buying Balkrishna Industries and Sun TV Network.
Rajat Bose of rajatkbose.com is of the view that one may buy Bharat Forge with a target at Rs 738-743.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may sell Balkrishna Industries.
Ashwani Gujral of ashwanigujral.com advises buying Aurobindo Pharma, Voltas and Sun Pharmaceutical Advanced Research Company.
Sandeep Wagle of powermywealth.com suggests buying Jindal Steel & Power and Balkrishna Industries.
Watch the interview of SP Tulsian of sptulsian.com with Anuj Singhal, Latha Venkatesh & Sonia Shenoy on CNBC-TV18, in which he shared his readings and outlook on fundamentals of market and specific stocks.
Ashish Kyal of Waves Strategy Advisors is of the view that one may buy SAIL with a target of Rs 87.40.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Balkrishna Industries, Ajanta Pharma and Dabur India and can sell BEML and IDFC Bank.
Ashwani Gujral of ashwanigujral.com has a buy on Praj Industries with a stop loss of Rs 110, target of Rs 123, a buy on Radico Khaitan with a stop loss of Rs 284, target of Rs 302 and a buy on Balkrishna Industries with a stop loss of Rs 2150, target of Rs 2300.
According to Prakash Gaba of prakashgaba.com, the trend is still down but the first sign of strength will be displayed when the Nifty starts to trade above 10150. The crucial support for the Nifty is at 10013 and the resistance is at 10210, Bank Nifty has support at 9905-10013 and resistance at 10210.
Ashwani Gujral of ashwanigujral.com recommends a buy on Radico Khaitan with a stop loss of Rs 280, for target of Rs 305 and a buy on Balkrishna Industries with a stop loss of Rs 2100, target of Rs 2250.
Mitessh Thakkar of mitesshthakkar.com advises buying Adani Enterprises and Balkrishna Industries.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Balkrishna Industries and sell Bharat Forge and Hindalco Industries.
Mitessh Thakkar of miteshthacker.com has a buy on Axis Bank with a stop loss of Rs 547 for target of Rs 585 and a buy on IDFC with a stop loss of Rs 61.8 for target of Rs 67.
Ashwani Gujral of ashwanigujral.com recommends buying SBI, PNB, Bank of Baroda, Godrej Properties and United Breweries.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy HDFC Bank, Hexaware Technologies, Britannia Industries and Balkrishna Industries and can sell Cummins India.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Balkrishna Industries, Prestige Estates and Edelweiss Financial.
Ashwani Gujral of ashwanigujral.com recommends buying Balkrishna Industries, UltraTech Cement, Bata India, Dewan Housing Finance, Just Dial and Prestige Estates.
Watch the interview of SP Tulsian of sptulsian.com with Anuj Singhal, Latha Venkatesh and Surabhi Upadhyay on CNBC-TV18. He shared his readings and outlook on Rajratan Global Wire stock.
Ashwani Gujral of ashwanigujral.com suggests buying Mahanagar Gas, Simplex Infra, Divis Labs, Balkrishna Industries, Tata Motors and Aban Offshore.
Mitessh Thakkar of miteshthacker.com recommends buying Balkrishna Industries and Dish TV.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Capital First and LIC Housing Finance and can buy Balkrishna Industries, Hindalco Industries and UltraTech Cement.
Ashwani Gujral of ashwanigujral.com has a buy on Gujarat Alkalies with a stop loss of Rs 775, target of Rs 800, a buy on Gujarat Fluorochemicals with a stop loss of Rs 920, target of Rs 960 and a buy on GSFC with a stop loss of Rs 156, target of Rs 170.