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
Mitessh Thakkar of mitesshthakkar.com is of the view that one can sell Muthoot Finance and IndusInd Bank and can buy Repco Home Finance.
Mitessh Thakkar of mitesshthakkar.com suggests buying Bharat Electronics and Kajaria Ceramics.
Mitessh Thakkar of miteshthacker.com has a buy on Bharat Electronics with a stop loss below Rs 179.90 for target of Rs 195, a buy on Ceat in range of Rs 1780-1795 with stop loss of Rs 1755 for target of Rs 1860 and a buy on GSFC with a stop loss of Rs 159 for target of Rs 172.
Domestic money has been one of the driving factors in driving rally in the small and midcap space but analysts’ are of the view that the risk to midcaps is a change in the global liquidity, which will impact the overall performance of the broad market risking mid-caps to underperform.
If you are in equity markets for the long haul then rest assured this rally has more legs and Nifty is well on track to hit Mount 11K.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Bharat Electronics, Grasim Industries and Mangalore Refinery and Petrochemicals and can sell LIC Housing Finance.
Investors should look at stocks which can generate wealth over a period of 3-5 years. These stocks can be bought now or on declines to give maximum risk-to-reward to investors.
According to Geojit Research, the top Diwali 2017 picks include names like Yes Bank, KNR Constructions, NBCC, Aurobindo Pharma, Tata Motors, JK Lakshmi Cement, Aarti Industries, Bharat Electronics and UPL.
Prakash Gaba of prakashgaba.com is of the view that BEL can climb to Rs 178 while Reliance Industries may test Rs 930.
Back in August and early September on multiple occasions, Nifty had faced resistance around supply point of 9,930-9,990.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Amara Raja Batteries and Kajaria Ceramics and can buy Bharat Electronics and Dabur India while one can hold Coal India.
The market will give ample opportunities to retail investors to buy on dips as current valuations are unlikely to sustain without the support of bounce back in earnings growth.
Bharat Electronics Ltd (BEL) is a Navaratna enterprise having 37% market share in Indian Defence Electronics. BEL’s core capabilities are in radar & weapons systems, defence communication & electronic warfare.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Divis Laboratories and Bharat Electronics.
The benchmark index will remain under pressure for some more time but there is plenty of stock specific action which could give returns much bigger than Nifty50 or S&P BSE Sensex.
Jefferies has also maintained its buy call on the stock with a target price of Rs 195 per share.
Tata Steel and BEL are being tracked by investors on Thursday.
Investors should look at stocks which are low risk and are trading at levels which may look expensive but justifies future growth potential of the stock.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Apollo Tyres, Dewan Housing Finance Corporation and Shree Cements and can sell Tata Motors and Glenmark Pharma.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries on every dip.
Krish Subramanyam, Co-Head Equity Advisory at Altamount Capital suggests buying Bharat Electronics and NMDC.
Ashwani Gujral of ashwanigujral.com suggests buying Tata Global Beverage, Bharat Electronics and BPCL.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Bharat Electronics, Kajaria Ceramics and RBL Bank and sell Marico.
Traders might have to brace for tough days ahead of expiry on Thursday but any dips are a welcome opportunity for investors to go shopping for their favourite stocks