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
Paytm hit a eight-month high of Rs 988 with above average volumes, continuing uptrend for fifth consecutive session. The stock has formed bullish candlestick pattern on the daily timeframe, with trading above all key moving averages.
The Nifty is likely to continue its march upwards amid consolidation with hurdle at 19,500-19,600 levels, whereas the near term support is expected to be 19,300-19,200 levels, followed by crucial support at 19,000, experts said
The breakdown below 11,100 could trigger a further supply till 10,850. Resistance is near 11,375, a break of this level will open the gate for 10,600 in the benchmark index.
Rajesh Agarwal of AUM Capital recommends buying Punjab National Bank with stop loss at Rs 82 and target of Rs 88, Bombay Burmah Trading Corporation with stop loss at Rs 1895 and target of Rs 2050 and Marico with stop loss at Rs 373 and target of Rs 395.
"Last week, the index was able to reclaim 11,350 on a closing basis," experts said
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Sun TV and Jindal Steel & Power and can buy Bombay Burmah Trading.
Ashwani Gujral of ashwanigujral.com recommends buying Bombay Burmah, Karnataka Bank and Radico Khaitan.
Ashwani Gujral of ashwanigujral.com recommends buying Titan Company, Bharat Forge and Mindtree.
Ashwani Gujral of ashwanigujral.com recommends buying DB Realty with a stop loss of Rs 54, target of Rs 66 and KEC International with a stop loss of Rs 378, target of Rs 395
Ashwani Gujral of ashwanigujral.com is of the view that one may buy IFCI, BF Utilities and Bombay Burmah.
Prakash Gaba of prakashgaba.com is of the view tat one can buy Bombay Burmah and Tata Motors DVR.
Ashwani Gujral of ashwanigujral.com suggests buying Ashok Leyland, Bombay Burmah Trading Corporation and Can Fin Homes.
Mitessh Thakkar of miteshthacker.com suggests selling ACC with a stop loss of Rs 1734 for target of Rs 1650 and advises buying Biocon with a stop loss of Rs 412 for target of Rs 445.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Vedanta and Bombay Burmah.
Ashwani Gujral of ashwanigujral.com recommends buying Raymond, Kwality, GMDC, Bajaj Finance, Idea Cellular and Bombay Burmah.
Ashwani Gujral of ashwanigujral.com feels that Bombay Burmah Trading Corporation may test Rs 1700-1750.
Mitessh Thakkar of miteshthacker.com suggests buying Axis Bank with a stop loss of Rs 533 for target of Rs 565 and a buy on National Aluminium Company with a stop loss below Rs 85 for target of Rs 92 while he advises selling Cummins India below Rs 875 with stop loss of Rs 891 for target of Rs 845.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his views on the fundamentals of the market as well as specific stocks and sectors.
Vishvesh Chauhan of Monarch Networth Capital advises buying Bombay Burmah Trading Corporation with a target of Rs 1780.
Ashwani Gujral of ashwanigujral.com recommends buying Jubilant Foodworks, Bombay Burmah, JSW Steel and Century Ply.
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.
The midcap Index which was again the outperformer, up 1.29 percent led by Jain Irrigation Systems and Jaiprakash Associates while Bajaj Auto, ICICI Lombard General Insurance Company, MphasiS and Vedanta were some of few stocks that hit 52-week high on the NSE.
Bharti Infratel continued its dominant form from last week as the stock was the most active gainer in the Nifty, gaining over 2.47 percent followed by Vedanta and Tata Motors which were up 2.12 percent and 1.71 percent respectively.
The Nifty on Friday hit a fresh record high of 10,179.15, backed by banks as the Bank Nifty added 1.53 percent, up 372.30 points. The charge was largely led by Bank of India, Kotak Mahindra Bank and Canara Bank which were up over 2 percent each.
Reliance Industries and Tata Steel hit new 52-week high while Bharti Airtel zoomed over 6 percent. Avenue Supermarts, Bharat Financial Inclusion, Dabur India, Havells India and JSPL were the other stocks which hit 52-week high in the Nifty.