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
Some of the sector’s biggest companies sounded hopeful of revival in the second half of 2022-23 in their interaction with analysts following their earnings announcements
Livelihood of almost 60 percent of the country’s population depends on agriculture
The broader market has started to show some encouraging signs, with the Nifty Midcap 100 and Smallcap 100 indices rising 3 percent and 4 percent. This should do extremely well if the market remains above the psychological support of 16,000
What a fantastic setup we are having in Rail Industries, precise Bullish Butterfly pattern on daily chart with pair of spinning bottom near potential reversal zone of Rs 165-170.
Experts said the momentum is expected to remain in the bulls’ basket but considering the hefty run-up until last week, some amount of profit-booking and consolidation can’t be ruled out
Market may witness some profit-booking or sideways consolidation in the next few trading sessions, said Rohan Patil of Bonanza Portfolio.
The only concern is the banking index, which has shown a relative underperformance. But this index is still in a consolidation phase, and there's a good probability of some buying interest emerging. This would further support the benchmark, says one analyst.
Now, 16,800 would act as strong resistance for Nifty on the higher side while bias is likely to remain in favour of bulls in the upcoming sessions, said Shitij Gandhi of SMC Global
While the Nifty is just a couple of percentages away from its all-time high of 16,700, the small and midcap indices are failing to sustain at higher levels.
Selling pressure at higher levels after the sharp rally indicate a pause in the momentum, which is healthy for a further upside, technical experts said.
The market is likely to remain in the bullish territory as long as Nifty is holding above 15,500.
For the Nifty, 14,350-14,250 will be the make or break range and on the higher side, 14,700 will be an immediate hurdle.
After a bull run in FY21, the new fiscal year has begun with some uncertainty because of the second wave of COVID-19 and higher commodity prices but analysts remain optimistic about economic growth and corporate earnings, making several stocks very attractive.
As the market seems to have the comfort of valuation now, it is time to lap up quality stocks, analysts point out.
We recommend buying Britannia Industries around Rs 3,375 with a stop loss of Rs 3,200 for higher targets of Rs 4,000.
The outlook for many sectors has improved following various steps, including Budget proposals, announced to revive and accelerate economic growth
The market is likely to continue its bull run, given the slew of growth-oriented measures taken by the government and RBI, though there could intermittent corrections, say experts.
Nifty has formed outside bar formation on the weekly chart and traded in the zone of 14,300-14,750 during the last few days.
On the technical front, secondary oscillators suggest volatility is likely to grip the market in the coming sessions as well.
If you are a retail investor have Rs 1 crore to invest, here are a few recommendations for investing and dividing your portfolio exposure across these sectors.
One should always avoid investing in bad quality businesses because as is said a rising tide lifts all the boats but the end outcome is always bad in investing if one ignores the quality aspect, Shailendra Kumar of Narnolia advised.
On the decisive crossing of 12,400 levels would lift the Nifty to 13,300 levels, said Shrikant Chouhan of Kotak Securities.
Gaurav Garg of CapitalVia feels the LTC and reintroducing of Special Festival advance scheme for government employees are expected to boost the consumer demand by additional Rs 36,000 crore.
Long-term investors should pick their favourite mid and smallcap shares gradually over the next few months, experts say.
Neeraj Chadawar of Axis Securities believes that the equity will continue to trade on higher multiples for some more time.