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
Prakash Gaba of prakashgaba.com recommends buying Hindustan Unilever with target at Rs1480 and stop loss at Rs 1452 and Tata Global Beverage with target at Rs 295 and stop loss at Rs 286.
"The stock has formed a double bottom formation around Rs 80 and moved up which suggests reversal of the previous bearish trend. On the daily chart, the stock has given falling trendline breakout; which again suggests growing optimism in the stock," says Achin Goel, Head of Wealth Management and Financial Planning at Bonanza Portfolio Ltd.
"Increased interest in 10,200 Put suggests a positive shift in the Nifty range. However, a proximity to resistance levels may induce some small correction which we think would provide a buying opportunity in the near term," says Achin Goel, Head of Wealth Management and Financial Planning, Bonanza Portfolio Ltd.
According to Prakash Gaba of prakashgaba.com, one may hold Bharat Heavy Electricals.
Ashu Madan of Religare Securities is of the view that one may exit BHEL on bounce.
Dalmia Bharat, SBI and Ashok Leyland, among others are being tracked by investors on Thursday.
Chandan Taparia of Motilal Oswal Securities is of the view that one can buy Infosys and Hindalco Industries and can sell BHEL.
Rajat Bose of rajatkbose.com is of the view that one can buy Bombay Dyeing and can sell Capital First and BHEL.
CLSA has retained its Underperform rating on Cadila with reduced target price at Rs 440 from Rs 480 per share earlier following cut in FY19-20 margin estimate by 100 bps & earnings by 5-7 percent.
According to Vijay Chopra of enochventures.com, one may hold BHEL.
Rajat Bose of rajatkbose.com is of the view that one may remain invested in BHEL.
Sudarshan Sukhani of s2analytics.com recommends buying BHEL, Dabur India, Jet Airways, Wockhardt and IOC.
Ashish Kyal of Waves Strategy Advisors advises buying Delta Corp with a target of Rs 378.
Mitessh Thakkar of miteshthacker.com suggests buying Reliance Industries, Majesco, BHEL and Godrej Industries.
Ashwani Gujral of ashwanigujral.com recommends buying United Breweries, Sonata Software, Capital First, Kolte Patil Developers, BHEL and Godrej Industries.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Tata Global Beverage, BHEL and Gujarat Gas.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Reliance Power, BHEL and Adani Power and can buy DLF, Prestige Estates and NCC.
For the last couple of weeks, the index had been trading in a narrow range but closer to its all-time high levels and on Tuesday, Nifty formed a bearish candlestick covering this range.
Rajat Bose of rajatkbose.com recommends buying Bharat Heavy Electricals and Cummins India.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Bharat Heavy Electricals with a stop loss of Rs 92.9 for target of Rs 100 and advises selling State Bank of India with a stop loss of Rs 312 and target of Rs 296 and a sell also on Kotak Mahindra Bank below Rs 993 with stop loss of Rs 1011 for target of Rs 965.
Vijay Chopra of enochventures.com advises buying NMDC with a and target of Rs 146.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Cholamandalam Investmemnt, Cummins India and BHEL and sell BPCL.
Mitessh Thakkar of mitesshthakkar.com recommends buying Dish TV with a stop loss of Rs 79 and target of Rs 85, a buy on GMR Infra with a stop loss of Rs 19.20 and target of Rs 21 and a buy on JSW Energy with a stop loss of Rs 84 and target of Rs 91.
Rajat Bose of rajatkbose.com is of the view that one may stay invested in BHEL.
Sharmila Joshi of sharmilajoshi.com is of the view that one may hold Bharat Heavy Electricals.