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
According to Sudarshan Sukhani of s2analytics.com, one can short Just Dial, Castrol India and Exide Industries and buy TVS Motor Company and Voltas.
Prestige Estates, Thermax, and United Spirits, among others are on the radar of investors on Thursday
In an interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, SP Tulsian of sptulsian.com shared his views and outlook on the market and specific stocks.
Rajesh Agarwal of AUM Capital suggests holding Castrol India and advises exiting Nectar Life Sciences.
Manoj Murlidharan of Religare Securities recommends buying CG Power, Jain Irrigation Systems, Castrol India and Rural Electrification Corporation.
Ruchit Jain of Angel Broking advises buying HPCL with a target of Rs 521.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy India Cements, Castrol India, IDFC Bank and Sintex Industries and sell MCX India.
Castrol has been consolidating since February 2017 when it had made an intermediate high of 438.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Arvind, Eicher Motors and Anant Raj and sell ITC and Jubilant Foodworks.
Mitessh Thakkar of miteshthacker.com is of the view that one may buy Indraprastha Gas and buy Castrol India..
Sudarshan Sukhani of s2analytics.com is of the view that one can buy ITC and Larsen & Toubro on dips.
Jay Thakkar of Anand Rathi Securities advises buying Indo Count Industries with a target of Rs 204.90.
According to Jay Thakkar of Anand Rathi Securities, one may buy Mcleod Russel with a target of Rs 188.50.
Hemant Thukral of Aditya Birla Money has Castrol India and Maruti Suzuki as the picks for the next 2-3 trading sessions based on open interest and rollovers.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can sell Ajanta Pharma and can buy Castrol India, Tata Elxsi, GMDC and HCC.
According to Mitessh Thakkar of miteshthacker.com, one can buy Castrol India and Bharat Forge.
Sudarshan Sukhani of s2analytics.com suggests selling Bharat Financial, Tata Steel and Ashok Leyland and advises buying Castrol India and Apollo Tyres.
Traders should keep a close eye on mentioned key levels and it’s advisable to look for stock specific moves in order to fetch higher returns in the forthcoming week.
Sandeep Wagle of powermywealth.com recommends buying Castrol India and Hindustan Unilever.
Mitessh Thakkar of miteshthacker.com suggests buying Castrol India and Colgate Palmolive.
Acccording to Yogesh Mehta of Motilal Oswal Securities, one can buy Just Dial, Amara Raja Batteries and Castrol India.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Bharat Financial Inclusion and Sun Pharmaceutical Industries and sell Bharti Infratel.
Sumeet Jain of Destimoney Securities advises buying Castrol India with a target of Rs 454.
Mitessh Thakkar of miteshthacker.com suggests buying Jindal Steel & Power and Castrol India.