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
Rajesh Agarwal of AUM Capital recommends buying Yes Bank with stop loss at Rs 197 and target of Rs 212 and Tamil Nadu Newsprint with stop loss at Rs 265 and target of Rs 290.
Rajesh Agarwal of AUM Capital recommends buying Dalmia Bharat with stop loss at Rs 1994 and target of Rs 2077 and Bajaj Auto with stop loss at Rs 2548 and target of Rs 2630.
Ashwani Gujral of ashwanigujral.com suggests buying Apollo Hospitals with a stop loss of Rs 1120, target of Rs 1160 and Colgate Palmolive with a stop loss of Rs 1110, target of Rs 1155.
Mitessh Thakkar of mitesshthakkar.com suggests selling Bata India with a stop loss of Rs 910 and target of Rs 860 and advises buying Federal Bank with a stop loss of Rs 78.5 and target of Rs 86.
Indian markets are in the midst of a correction which is likely to extend further, according to experts and hence, there will be plenty of opportunities for investors to enter into quality stocks on declines
In the last week, the Sensex lost 1850.15 points to close at 34,376.99, while Nifty shed 614 points to close at 10,316.45.
CLSA sees Vedanta, GAIL and ONGC being good buy options based on factors such as favourable risk reward and lack of subsidy burden, among others.
The government raised basic customs duties across air conditioners, refrigerators, washing machines (
For the coming week, 11210 followed by 11350 would be seen as immediate hurdles, suggest experts
Rajesh Agarwal of AUM Capital recommends buying L&T Finance Holdings with stop loss at Rs 134 and target of Rs 150, Apollo Hospitals with stop loss at Rs 1012 and target of Rs 1085 and ITC with stop loss at Rs 299 and target of Rs 310.
The Nifty has a downside room but with respect to ratio, the Nifty has more room for an upside rally, says Sumeet Bagadia of Choice Broking.
Rajesh Agarwal of AUM Capital recommends buying Dhampur Sugar with stop loss at Rs 140 and target of Rs 155, Globus Spirits with stop loss at Rs 198 and target of Rs 220 and Bharat Petroleum Corporation with stop loss at Rs 358 and target of Rs 375.
These include names such as IOC, BPCL, Hero MotoCorp, Shree Cements, Ambuja Cements, Havells India, HPCL, ACC, Exide Industries, IGL, and Amara Raja Batteries.
In absence of any major cues, Indian market will be dependent on global cues this week as well as the movement of rupee against the US Dollar.
The Sensex and Nifty rallied more than 9 percent each to scale new highs of 38,989.65 and 11,760.20 respectively in current week while the BSE Midcap index jumped over 8 percent and Smallcap climbed over 6 percent in two months.
Mitessh Thakkar of miteshthacker.com suggests buying V-Guard Industries above Rs 218.5 with stop loss of Rs 212 and target of Rs 232, Bharat Forge above Rs 657 with stop loss of Rs 645 and target of Rs 680 and HDFC Bank with a stop loss of Rs 2080 and target of Rs 2120.
Mitessh Thakkar of mitesshthakkar.com recommends buying ACC with a stop loss of Rs 1572 and target of Rs 1640, Aurobindo Pharma with a stop loss below Rs 639 and target of Rs 690 and HUL with a stop loss of Rs 1660 and target of Rs 1840.
The rupee's fall is technical in nature and should be viewed in accordance with happenings across the globe.
Its profit came in at Rs 2,293.26 crore against Rs 744.56 crore on YoY basis while income increased by 23 percent at Rs 82,978.96 crore against Rs 67,422.95 crore.
If the Nifty stays below the key support zone of 11,379–11,359, then experts see this profit-booking getting extended towards 11,300-11,235 levels
Mazhar Mohammad of Chartviewindia.in said in case of a fresh breakout above 11,500 levels, the next logical target for the Nifty can be projected up to 12,200
Rajesh Agarwal of AUM Capital recommends buying Godfrey Phillips with stop loss at Rs 820 and target of Rs 860, Bata India with stop loss at Rs 958 and target of Rs 995 and Berger Paints with stop loss at Rs 319 and target of Rs 340.
Looking at IIP and GDP numbers, one thing is quite clear that India is on high growth trajectory, Sumit Bilgaiyan of Equity99 said.
In the worst case scenario, correction may get extended up to 11,200 kinds of levels on the downside before resuming its up move
Immediate support for the Nifty is seen around 10,800 and 10,600 levels, whereas 11,200 will act as stiff resistance, says Abhishek Mondal of Guiness Securities.