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
Amit Gupta of ICICIdirect recommends buying Bharat Petroleum Corporation, GAIL India and Adani Ports.
Mitessh Thakkar of mitesshthakkar.com has recommends a buy on Mangalore Refinery and Petrochemicals which has a positive candlestick pattern with a stop loss of Rs 131 for target of Rs 140 while Ashwani Gujral of ashwanigujral.com has a buy on Maruti Suzuki with a stop loss of Rs 8000, target of Rs 8250.
Ashwani Gujral of ashwanigujral.com suggests buying JM Financial, Power Finance Corporation and BPCL.
UBS also expects government support on free pricing for socially sensitive cooking fuel should also drive constant earnings growth.
BPCL which gained 3.28 percent followed by HPCL were the top Nifty gainers while Indiabulls Housing Finance, Power Grid, HCL Tech and HDFC were the top Nifty losers.
Ashwani Gujral of ashwanigujral.com recommends buying PC Jeweller, Godrej Properties and Escorts.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Federal Bank, National Aluminium Company and Torrent Power and can sell Maruti Suzuki and Bank of Baroda.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Adani Enterprises, Aurobindo Pharma and Jubilant Foodworks and can short NMDC and DCB Bank.
Mitessh Thakkar of miteshthacker.com recommends buying Aurobindo Pharma and BPCL.
Bharat petroleum Corporation and Indiabulls Housing Finance which added over 2 percent each on the Nifty while a total of 142 stocks hit 52-week high in today's trade on the BSE Index.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the crucial support for the Nifty is at 10150 and the resistance is at 10315-10537. On the other hand, Bank Nifty has support at 25000 and resistance at 24534.
Ashwani Gujral of ashwanigujral.com suggests buying BPCL, Uflex and Vardhman Textiles.
The fall was largely aided by Reliance Industries which was down 0.68 percent. IndusInd Bank was the top Nifty loser down over 2 percent while Godrej Agrovet was the most active stock.
The centre has cut excise duty on petrol and diesel by Rs 2 per litre and now CNBC-TV18 learns that states have also been asked to review the value added tax (VAT) on petrol and diesel. In an interview, Harshvardhan Dole, Vice President Institutional Equities, IIFL shared his readings and outlook on the same.
Shares of major oil marketing companies opened in green at the opening on Wednesday after the government reduced the basic excise duty on petrol and diesel (both branded and unbranded) by Rs 2 a litre with effect from October 4, 2017
According to VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities, one can buy Bajaj Auto, Eicher Motors, Tata Motors, Bharat Petroleum Corporation and Titan Company.
Ashwani Gujral of ashwanigujral.com advises buying NIIT Technologies.
According to Sudip Bandopadhyay, Market Expert, one may buy HPCL and BPCL.
According to Amit Gupta of ICICI Direct, 490 Call can be written in BPCL.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Petronet LNG.
BPCL is looking to purchase either a part or whole of the government’s 54.88 percent stake in GAIL. The value of the entire stake (without any premium) is approximately worth Rs.37758 crore as calculated on today’s price.
Rajat Bose of rajatkbose.com recommends buying BPCL and Jet Airways.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Caplin Point and Deepak Fertilizer and sell BPCL.
TCS, IOC, and HPCL, among others, are being tracked by analysts on Wednesday.
Prakash Gaba of prakashgaba.com is of the view that crucial support for the Nifty is at 10020 and the resistance is at 10138-10150. Bank Nifty on the other hand has support at 24600 and resistance at 25000.