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
Nifty added on to its morning gains on Thursday with the index inching up 47.45 points at 10,032.80 while the Sensex added 132.86 points at 31,966. Vedanta, Lupin, Sun Pharma along with TCS were some of the top gainers in the Nifty.
Edelweiss expects Birla Corporation to post revenue CAGR of 19 percent over FY17-19.
Coal India, Axis Bank and pharmaceuticals, among others, are being tracked by investors on Wednesday.
Mitessh Thakkar of mitesshthakkar.com suggests buying Asian Paints, Britannia Industries, Punjab National Bank, BF Utilities, Birla Corp and Axis Bank.
On the technical front, 9,200-9,250 spot levels are strong support zone and the current trend is likely to continue towards 9,400-9,500.
According to Mitesh Thacker of miteshthacker.com, one can sell Jubilant Foodworks and buy Birla Corp.
Gaurav Ratnaparkhi of Sharekhan advises buying CESC with a target of Rs 655.
Parag Thakkar, Head of Sales at HDFC Securities likes Birla Corporation, Unichem Laboratories and Goodyear India from midcap space.
Dipen Sheth, head-institutional research, HDFC Securities is recommending a few stocks that could see good returns. Sheth is bullish on Navneet Publications, Birla Corporation and , Oriental Bank of Commerce.
Birla Corporation can move to Rs 450 in next 12-18 months, says SP Tulsian, sptulsian.com. The cement constitutes a major part of its portfolio of the company having 6.5 million tonnes capacity and having close to about 7 plants at four locations in the northern part of India.
Moneycontrol brings to you some of the recommendations given by experts that will help you cash in on the many opportunities available.
In CNBC-TV18's popular show Bull's Eye, Pankaj Jain, Sunteck Wealthmax shares trading strategy of the day.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.