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
The Nifty is likely to maintain an upward rally towards 24,900-25,000, with immediate support at 24,600-24,500 levels. Here are some trading ideas for the near term.
Mid and smallcaps may cool off a little but this opportunity should be used to add quality stocks to your portfolio as the long-term market outlook is bullish, says experts
Overall experts feel the FY22 would remain strong for the market and economy, though COVID-19 may hit earnings in Q1FY22.
Considering the derivatives data and moderate India VIX (volatility index) levels, the major fall is not expected in the short term and stock-specific opportunities would keep the traders in high spirits.
In muted earnings expectations for Q1FY21, beats were much higher than misses and that was one of major reasons and confidence booster for equity market not only in India but globally.
A reduction in personal income tax will lead to higher consumption and will be positive for many sectors, especially autos and consumers, said experts.
The S&P BSE Mid-cap index gained 4.64 percent, S&P BSE Large-cap index rose 3.49 percent and the Small-cap Index was up 2.78 percent last week.
According to Kotak Institutional Equitie , companies under its universe may see 0-18 percent earnings growth in the current financial year.
The stock trades at 16.3x FY21e P/E, a ~50 percent discount to peers. We upgrade our rating to a Buy, with 35 percent potential.
Mitessh Thakkar of mitesshthakkar.com advises buying CESC with a target Rs 750.
Traders can accumulate the stock in a range of Rs 440-450 for the upside target of Rs 485 levels with a stop loss below Rs 415, says Shitij Gandhi of SMC Global Securities.
On the technical front, 10,920-10,950 spot levels is a strong support zone and expect Nifty to expire in the band of 11,000-11,200 levels.
Rajesh Agarwal of AUM Capital recommends buying Adani Enterprises with stop loss at Rs 133 and target of Rs 147, State Bank of India with stop loss at Rs 265 and target of Rs 279 and JSW Steel with stop loss at Rs 397 and target of Rs 414.
The weekly RSI level at 57 has shown a positive price divergence while MACD indicates a likelihood of bullish crossover in the next few sessions, says Dinesh Rohira of 5nance.com.
Upside for Nifty is expected to be capped on a short-term basis. We remain selective on specific stocks only and avoid aggressive long positions, says Dinesh Rohira of 5nance.com.
Depending on the risk profile of investors, experts suggest that dividend-paying stocks could constitute 20-60 percent of one’s portfolio.
South Indian Bank, Eveready, ITC and Bharti Airtel, among others, are being tracked by investors on Thursday.
The disruptive impact of GST is visible but corporate honchos are hopeful of a rural recovery and consumption revival during the festive season.
Unlike the much talked-about ‘V’-shaped restocking and a scenario of supply chain normalization by Q3, the industry appears to be grappling with a slightly longer transition.
Vijay Chopra of enochventures.com is of the view that one may enter Bajaj Auto on dips.
Coal India, NTPC, and oil marketing companies, among others, are on investors’ radar today.
Ashish Kyal of Waves Strategy Advisors advises selling Engineers India with a target of Rs 139.
Most analysts feel the Budget 2017 is likely to have a pro-poor focus. The market will watch for govt's FY18 fiscal deficit target, divestment plans, announcement on the taxation front among others. The market expects govt to relax its FY18 fiscal deficit target of 3 percent.
Kotak's preferred picks are ITC, Britannia Industries, Colgate Palmolive, GSK Consumer and Bajaj Corp.
Mitesh Thacker of miteshthacker.com recommends buying SAIL, Tata Power and Bajaj Corp.