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 recommends buying Wipro with a stop loss of Rs 332 and target of Rs 356, Capital First with a stop loss of Rs 534 and target of Rs 570 and Ujjivan Financial Services around Rs 240 with stop loss of Rs 234 for target of Rs 255.
The stock may be sold in the range of Rs 610-607 for targets of Rs 580-570, keeping a stop loss above Rs 625, says Aditya Agarwala of YES Securities.
Mitessh Thakkar of mitesshthakkar.com suggests buying Bajaj Finance with a stop loss of Rs 2414 and target of Rs 2490, Escorts with a stop loss of Rs 678 and target of Rs 718 and Balkrishna Industries with a stop loss of Rs 972 and target of Rs 1022.
Experts feel that investors sitting on cash should buy into markets in a scattered manner instead of making a lump sum payment.
Rajesh Agarwal of AUM Capital recommends buying Torrent Power with stop loss at Rs 228 and target of Rs 248, Jubilant Foodworks with stop loss at Rs 1230 and target of Rs 1315 and Graphite India with stop loss at Rs 1010 and target of Rs 1070.
Prakash Gaba of prakashgaba.com advises buying NIIT Tech with a stoploss of Rs 1150 and target of Rs 1250.
Experts have advised investors to not get rattled by volatility and continue to stay invested in high-quality names with steady balance sheets and management.
Prakash Gaba of prakashgaba.com suggests buying Ajanta Pharma with target at Rs 1100 and stop loss at Rs 1020, Apollo Tyres with target at Rs 225 and stop loss at Rs 205 and State Bank of India with target at Rs 290 and stop loss at Rs 270.
Biocon has reported a growth of 21.2 percent in its consolidated revenues at Rs 1,123 cr in Q1-FY19 as against Rs 927 cr in Q1-FY18.
We can see an upside of 32.5 percent from Rs 621 with a target of 823 in Biocon,, says a report by Anand Rathi.
Ashwani Gujral of ashwanigujral.com suggests selling Bank of Baroda with a stop loss of Rs 114, target of Rs 105, Reliance Capital with a stop loss of Rs 342, target of Rs 328 and Repco Home Finance with a stop loss of Rs 470, target of Rs 452.
Traders can buy the stock in the range of Rs 675-678 with a stop loss below Rs 630 for the target of Rs 740, says Abhishek Mondal of Guiness Securities.
Mitessh Thakkar of mitesshthakkar.com recommends buying Biocon with a stop loss of Rs 663 and target of Rs 705 and advises selling Container Corporation of India with a stop loss of Rs 628 and target of Rs 585 and Oriental Bank of Commerce with a stop loss of Rs 75.1 and target of Rs 68.
Ashwani Gujral of ashwanigujral.com suggests buying Aurobindo Pharma with a stop loss of Rs 794, target of Rs 820, Balrampur Chini with a stop loss of Rs 88, target of Rs 96 and advises selling Balkrishna Industries with a stop loss of Rs 1170, target of Rs 1145.
Traders can accumulate the stock in a range of Rs 625-Rs 635 for the upside target of Rs 710 and a stop loss below Rs 580, says Shitij Gandhi of SMC Global Securities.
We expect company to grow at a CAGR of around 29 percent over next two years which should also improve better profit margins going ahead, says Siddharth Sedani of Anand Rathi Shares and Stock Brokers.
Inflation remains to be a concern for the markets - rising petrol & diesel prices directly affect the business.
It is time to bid adieu to tactics of the likes of the brilliant T20 blasters Rohit Sharma and Eoin Morgan and welcome and adopt the sagacity of purists like Pujara and Alistair Cook.
The Nifty closed above 11,200 levels, which has opened target towards 11,350-11,450 levels on the Nifty, technical chartists said.
Rajesh Agarwal of AUM Capital recommends buying Indian Oil Corporation with stop loss at Rs 161 and target of Rs 171, NBCC (India) with stop loss at Rs 67 and target of Rs 75 and Jindal Steel & Power with stop loss at Rs 198 and target of Rs 212.
Given the fresh rally, Dinesh Rohira of 5nance.com expects the Nifty to trade at 11,360 levels on the upside and 11,200 levels on the downside on a weekly basis
However, some midcaps managed to buck the trend and witnessed buying momentum amid selling in the broader market
Ashwani Gujral of ashwanigujral.com advises buying Asian Paints with a target of Rs 1410.
Ashwani Gujral of ashwanigujral.com suggests buying Bajaj Finserv with a stop loss of Rs 6200, target of Rs 6450 and Larsen & Toubro with a stop loss of Rs 1285, target of Rs 1340.
Mitessh Thakkar of mitesshthakkar.com recommends buying Exide Industries with a stop loss of Rs 264.9 and target of Rs 280, RBL Bank with a stop loss of Rs 570 and target of Rs 600 and HCL Tech with a stop loss of Rs 949 and target of Rs 985.