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
Sudarshan Sukhani of s2analytics.com advises buying Tech Mahindra, Divis Laboratories and Godrej Industries.
Bajaj Auto, financials and internet sector, among others, are on the radar of analysts on Friday.
Ashwani Gujral of ashwanigujral.com suggests buying BEML, Future Consumer and GSFC.
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.
According to Technical Analyst Prakash Gaba of prakashgaba.com, 10350 is a stiff resistance for the NIfty and a slide to around 10260-10200 is not ruled out.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Bharti Airtel, Titan Company and Mahanagar Gas while he feels that Bata India should be a 4-digit stock.
VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities suggests buying Tata Global Beverage, Titan Company, Asian Paints, Bata India and India Cements.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bharat Forge, Hindustan Petroleum Corporation and Indocount Industries and can sell Max Financial Services and Bharat Financial Inclusion.
Sandeep Wagle of powermywealth.com is of the view that one can buy M&M Financial Services and sell Bata India.
Gaurav Ratnaparkhi of Sharekhan advises selling Oriental Bank of Commerce Future with a target of Rs 120.50.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Cummins India and L&T Finance Holdings and can buy Ashok Leyland, Hexaware Technologies, Dalmia Bharat and Bata India.
The Goods and Services (GST) Council, which met in Guwahati for a 2-day meet starting Thursday of last week, has decided to keep only 50 luxury and 'sin' goods like tobacco in the highest slab.
Prakash Gaba of prakashgaba.com is of the view that Bata India can climb to Rs 830 while Aurobindo Pharma looks weak.
Ashwani Gujral of ashwanigujral.com recommends buying Balkrishna Industries, UltraTech Cement, Bata India, Dewan Housing Finance, Just Dial and Prestige Estates.
The 2-day GST council meeting is underway and the outcome is expected on Friday.
Rajat Bose of rajatkbose.com is of the view that one can buy Bata India and Dewan Housing Finance and can sell Motherson Sumi Systems.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Cadila Healthcare, Bharat Forge, Havells India and Bata India and advises holding Reliance Industries.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Sonata Software, Zee Entertainment and Hexaware Technologies and can sell Bata India, Just Dial and Amara Raja Batteries.
The immediate resistance on Nifty is now placed at 10,400 odd levels which are needed to be taken out in the follow-up buying. The support levels have now shifted to 10300 - 10320 levels, says Mustafa Nadeem, CEO, Epic Research.
It will be crucial to watch these stocks as they will give a further indication to overall momentum.
Jay Thakkar of Anand Rathi Securities advises buying BF Utilities with a target of Rs 516.
Ashwani Gujral of ashwanigujral.com suggests buying Max Financial Services, Indiabulls Real Estate, HDIL, DHFL, Oil India and Bata India.
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 is of the view that one can buy Century Textiles, IGL, Indiabulls Housing Finance, Mahanagar Gas, GMDC and Bata India.
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.