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 may sell Bank of India and Vedanta.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Infosys and Jubilant Foodworks.
Prakash Gaba of prakashgaba.com is of the view that one can hold Tata Coffee and prefers State Bank of India.
According to Sudarshan Sukhani of s2analytics.com, one may buy State Bank of India, ICICI Bank and Larsen and Toubro.
A Large part of the rally was driven by short coverings after Moody’s upgrade tilted the sentiment in favour of bulls. The rating upgrade comes after a gap of 13 years - Moody's had last upgraded India's rating to 'Baa3' in 2004. In 2015, the rating outlook was changed to 'positive' from 'stable'.
Axis Bank, SBI and M&M, among others, being tracked by analysts on Monday
CA Rudramurthy BV at Vachana Investments recommends buying Tata Motors, Tata Global Beverage and Bank of India.
Ashwani Gujral of ashwanigujral.com recommends selling Idea Cellular, PNB, Canara Bank, Union Bank of India, Bank of India and VIP Industries.
Sandeep Wagle of powermywealth.com recommends buying Bank of India and Divis Laboratories.
Ashwani Gujral of ashwanigujral.com recommends buying State Bank of India with a target of Rs 340, Bank of India with a target of Rs 200 and National Aluminium Company with a target of Rs 93.
Mitessh Thakkar of mitesshthakkar.com has a buy on Vijaya Bank with a target of Rs 66, a buy on NTPC with a target of Rs 190 and a buy Oil India Limited with a target of Rs 358.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy SBI, BoI, Syndicate Bank, NCC and Jet Airways and can sell Bharat Financial Inclusion.
The fall was largely aided by Reliance Industries which was down 0.68 percent. IndusInd Bank was the top Nifty loser down over 2 percent while Godrej Agrovet was the most active stock.
Bharti Infratel continued its dominant form from last week as the stock was the most active gainer in the Nifty, gaining over 2.47 percent followed by Vedanta and Tata Motors which were up 2.12 percent and 1.71 percent respectively.
The Nifty on Friday hit a fresh record high of 10,179.15, backed by banks as the Bank Nifty added 1.53 percent, up 372.30 points. The charge was largely led by Bank of India, Kotak Mahindra Bank and Canara Bank which were up over 2 percent each.
Bank Nifty was the top performing sector which was up 1.32 percent led b y ICICI Bank and Bank of India while on the other hand, from the midcap space, Havells India added 2.28 percent while Power Finance Corporation was up over 3 percent.
Reliance Industries and Tata Steel hit new 52-week high while Bharti Airtel zoomed over 6 percent. Avenue Supermarts, Bharat Financial Inclusion, Dabur India, Havells India and JSPL were the other stocks which hit 52-week high in the Nifty.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Oriental Bank of Commerce, Bank of India and Union Bank of India and can buy Aarti Industries and Century Plyboards.
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.
Ruchit Jain of Angel Broking is of the view that one may sell Dish TV with a target of Rs 66.
Nomura prefers ICICI Bank or Axis Bank over PSU banks.
Sumeet Jain of Destimoney Securities is of the view that one may buy Thermax with a target of Rs 1010.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bata India, Tech Mahindra and ACC and sell Bank of India and Torrent Pharma.
Rakesh Bansal of RK Global is of the view that one may buy Bata India with a target of Rs 658.
Sameet Chavan of Angel Broking advises selling NCC with a target of Rs 77.