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
EIH was the second stock which rose 2 percent to Rs 199, the highest closing level since September 7 and formed bullish candlestick pattern on the daily charts, while Butterfly Gandhimathi Appliances climbed 7 percent to end at record closing high of Rs 1,708 and formed decent bullish candle on the daily charts.
Ashish Kacholia has 4.04 percent stake in NOCIL while Dolly Khanna has 1.93 percent stake as of March quarter
Jay Thakkar of ShareKhan advises buying Bajaj Hindusthan with a target of Rs 22.30.
SP Tulsian of sptulsian.com is of the view that one may look at Hawkins Cooker with a target of Rs 2800 in next 6 months.
SP Tulsian of sptulsian.com is of the view that Butterfly Gandhimathi Appliances may move to Rs 275-300.
SP Tulsian of sptulsian.com is of the view that Butterfly Gandhimathi Appliances may test Rs 240 in the next six months.
Butterfly Gandhimathi Appliances can move to about Rs 500 in the next six months, says SP Tulsian, sptulsian.com.
Ashish Maheshwari of Globe Capital Market advised investing in Gandhimathis Applicances.