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
Given the weak sentiment, the market may extend its downward journey in the upcoming sessions. Below are some trading ideas for the near term.
Vijay Chopra of enochventures.com advises buying BF Utilities with a target of Rs 550.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy IFCI, BF Utilities and Bombay Burmah.
Ashish Kyal of Waves Strategy Advisors is of the view that one may buy Titan Company with a target of Rs 855.
Mitessh Thakkar of miteshthacker.com suggests selling ACC with a stop loss of Rs 1734 for target of Rs 1650 and advises buying Biocon with a stop loss of Rs 412 for target of Rs 445.
Sumeet Jain of Destimoney Securities is of the view that one may buy Idea Cellular with a target of Rs 109.
Ashwani Gujral of ashwanigujral.com suggests buying Steel Authority of India with a stop loss of Rs 84, target of Rs 96, a buy on BF Utilities with a stop loss of Rs 474, target of Rs 500 and a buy on Engineers India with a stop loss of Rs 188, target of Rs 202.
Jay Thakkar of Anand Rathi Securities advises buying BF Utilities with a target of Rs 516.
Sameet Chavan of Angel Broking is of the view that oen may buy Just Dial with a target of Rs 420.
Ashwani Gujral of ashwanigujral.com advises buying BF Utilities.
Ashwani Gujral of ashwanigujral.com recommends buying L&T Finance Holdings, Dewan Housing Finance, Sundram Fasteners, Indraprastha Gas, BF Utilities and Larsen and Toubro.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Ceat, Can Fin Homes and Kolte Patil Developers.
Ashwani Gujral of ashwanigujral.com is of the view that one may sell Ajanta Pharma, DLF and BF Utilities and buy Edelweiss Financial Services and Jubilant Foodworks.
Ashwani Gujral of ashwanigujral.com suggests buying Century Textiles, India Cements and VIP Industries.
Mitessh Thakkar of mitesshthakkar.com suggests buying Asian Paints, Britannia Industries, Punjab National Bank, BF Utilities, Birla Corp and Axis Bank.
Ashwani Gujral of ashwanigujral.com suggests buying IIFL Holdings, BF Utilities and Granules India.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy BF Utilities and Rashtriya Chemicals and Fertilisers and sell Ashok Leyland.
Rakesh Bansal of RK Global is of the view that one may buy Havells India with a target of Rs 455.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Sun TV and BF Utilities and advises selling United Breweries.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Communications, Ceat and BF Utilities.
Ashwani Gujral of ashwanigujral.com recommends selling Tata Motors, Ceat, BF Utilities and PFC and advises buying Delta Corp.
Rajat Bose of rajatkbose.com recommends buying LIC Housing Finance and advises booking partial profits in Engineers India.
All investment companies have surged in the last few days but one holding company which hasn't moved is Bajaj Holdings & Investment.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy BF Utilities, Britannia Industries, MOIL, Voltas and Reliance Capital.
Sandeep Wagle of powermywealth.com recommends buying Oriental Bank of Commerce, Steel Authority of India and BF Utilities.