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
At this juncture, 10400 will act as an immediate support for the index and any break below this level will trigger a fresh sell-off. In that case, Nifty may correct towards 10330-10270 levels respectively.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Divis Lab with a target of Rs 1165.
Motilal Oswal is enthused with Britannia's consistent healthy performance in a difficult operating environment.
Britannia and IT sector, among others, are being tracked by investors on Friday.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Global Beverage with a stop loss of Rs 278, target of Rs 294, DLF with a stop loss of Rs 235, target of Rs 242 and a buy also on KEC International with a stop loss of Rs 338, target of Rs 360.
Ashwani Gujral of ashwanigujral.com suggests buying Reliance Industries, Adani Transmission and Simplex Infra.
Jefferies expects company's EPS to rise at a 16 percent CAGR over FY17-20. It further expects rising share of in-house production and entry into new segments to lower return on capital employed.
L&T, Godrej Consumer and Pharma, among others, are on investors’ radar on Wednesday.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy HDFC Bank, Hexaware Technologies, Britannia Industries and Balkrishna Industries and can sell Cummins India.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Ashok Leyland and Britannia Industries.
Apollo Hospitals has declined nearly 4 percent and shares of Britannia Industries, Petronet LNG and Vakrangee gained 1-7 percent intraday Tuesday.
The research firm believes that there could be a healthy upward trend in the operating income to sustain.
Ashwani Gujral of Ashwanigujral.com advises buying Reliance Industries, Tata Sponge iron and Britannia Industries.
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.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Bajaj Finance and ICICI Prudential and can buy Tech Mahindra and Bharti Infratel while Britannia Industries is likely to outperform.
Liquor and fast moving consumer goods (FMCG) earnings remain in focus. In an interview to CNBC-TV18, Abneesh Roy of Edelweiss Securities shared his take on the sector.
Ashwani Gujral of ashwanigujral.com suggests buying NBCC, BASF and Britannia Industries.
Ashwani Gujral of ashwanigujral.com recommends buying Punjab National Bank, Britannia Industries and Oberoi Realty.
Bank Nifty was the top performing sector which was up 1.32 percent led b y ICICI Bank and Bank of India while on the other hand, from the midcap space, Havells India added 2.28 percent while Power Finance Corporation was up over 3 percent.
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.
On the BSE Index, over 100 stocks hit fresh 52-week high including names like Bata India, TVS Motor Company, Dabur India, Deepak Fertilizers, Kolte Patil Developers and Chambal Fertilizers.
Ashwani Gujral of ashwanigujral.com recommends buying Titan Company, Hindalco Industries and Dewan Housing Finance.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Strides Shasun, Siemens and Jet Airways and can buy HCL Technologies and Britannia Industries.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can sell Can Fin Home and Cummins India and can buy Bharti Infratel and Havells India.
The midcap index was the outperforming sector in the early hours of trade led by Biocon, Bharat Financial Inclusion, JSW Energy and Hindustan Zinc while Bharti Infratel followed by Hindalco Industries and Sun Pharmaceutical Industries were the top gainers.