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
Here are a few stocks picked up by CNBC-TV18's analysts to keep on your radar for trade today- SKS Microfinance, Sun Pharma, Orient Cement, Nucleus Software, Nelco, Carborundum Universal, Federal Bank, JSPL, Hexaware Tech, Bharat Forge, Ricoh India, Dewan Housing & Just Dial.
Prakash Diwan of prakashdiwan.in is of the view that one may prefer Carborundum Universal.
Here are top 10 stocks to keep an eye on January 30 - Coal India, Adani Ent, IDFC, HCC, Carborundum Universal, SKS Micro, Hitachi Homes, Man Infra, Arvind and IRB Infra.
Sudarshan Sukhani of s2analytics.com is of the view that Carborundum Universal is an excellent opportunity.
According to Gautam Chhaochharia, Head of India Research of UBS Securities, one may prefer Voltas and Carborundum Universal from the midcap space.
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.
On CNBC-TV18's new show Super Six, market gurus Manas Jaiswal, Technical Analyst of Emkay Global, Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss and Nooresh Mirani, Head, AMSEC-Analyse India, place their bets on two stocks each, thus offering investors a variety of options to choose from.
Carborundum Universal can head upto Rs 320, says Kamlesh Kotak, Vice President-Research, Asian Markets Securities Private Limited.
Paras Bothra of Ashika Stock Broking has recommended buying Carborundum Universal for long term.