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
We recommend a buy on the dip to Rs 117 in this stock for an upside target of Rs 145, keep a stop loss of Rs 102, says Shabbir Kayyumi of Narnolia Financial Advisors.
We expect sideways to a bullish movement for coming session, within a range of 11,700 on higher side and 11,450 on the lower side, however, sector-specific action can be seen.
Experts expect the rally to continue going forward, but volatility may increase as we are moving closer to state and general elections
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Bank with a stop loss of Rs 315, target of Rs 332, Reliance Industries with a stop loss of Rs 1200, target of Rs 1265 and Ajanta Pharma with a stop loss of Rs 1170, target of Rs 1225.
Ashwani Gujral of ashwanigujral.com suggests buying Bajaj Finserv with a stop loss of Rs 6900, target of Rs 7150, ACC with a stop loss of Rs 1500, target of Rs 1585 and Radico Khaitan with a stop loss of Rs 430, target of Rs 456.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy IDFC Bank with a stop loss of Rs 39.8 and target of Rs 44 and sell Infosys with a stop loss of Rs 1363.5 and target of Rs 1320.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Torrent Pharma with a target of Rs 1500.
Analysts’ advise investors to remain with quality stocks which might have fallen less in the carnage as compared to stocks whose value has eroded 50-80 percent in the past 6 months
Traders can accumulate the stock in the range of Rs 114-116 for the target of Rs 130 and a stop loss below Rs 109.
On the daily chart, the index seems to have found support at the lower band of the rising wedge which led to a 100 points rally. The trend looks positive as the Nifty managed to float above its 50-day exponential moving average (EMA).
“Nifty patterns on multiple timeframes show that it nosedived from Monday’s high before ending the session with a bearish engulfing pattern, indicating that the correction might deepen” says Jaydeb Dey of Stewart & Mackertich Wealth Management
Prakash Gaba of prakashgaba.com advises buying ACC with a target at Rs 1400.
"A sustained trade beyond 10,750 can extend the up move to levels of 10,900-11,000. On the downside, 10,600 is a crucial support zone, which happened to be the GAP zone that the Index filled in Friday’s trade," says Aditya Agarwala, Technical Analyst at YES Securities.
"Nifty may find support around the 10,600 mark. If it fails to hold this mark, the index may correction till the 10,550 zone. Strong hurdle is seen around 10,660 levels. A decisive trade above these levels would add momentum on the upside," says Rajesh Agarwal of AUM Capital.
The escalating load of NPAs, bond yields and decline in credit growth rate are major issues faced by state run banks.
"Bharat Electronics Limited looks very attractive. We have a one year target of above Rs 200 and are very bullish on the stock with a longer term perspective for next 2 to 5 years," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
Persistent Systems and ICICI Lombard, among others, are on investors’ radar on Wednesday.
The latest analysis and commentary by stock market guru Ashwani Gujral of ashwanigujral.com on what is moving the markets today. Check out his top stock recommendations.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell SREI Infra and can buy Nestle India.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Colgate Palmolive and can sell Bharat Electronics and Adani Ports.
Identifying multibaggers for your portfolio is not easy as they won’t give returns overnight. Hence, for the stocks to become wealth creators investors have to buy them early and give these stocks time to rise and give multi-fold returns.
“We believe, that the investor in the age bracket of 35-40 years should allocate at least 70-75 percent of his portfolio into equities/MFs, 20-25% in fixed income and the balance should be in cash,” Sandeep Chordia, Executive Vice-President - Strategy, Kotak Securities told Moneycontrol.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Motherson Sumi with a target of Rs 343.80.
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.
Gaurav Ratnaparkhi of Sharekhan advises buying Dr Reddy's Lab with a target of Rs 2283.