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
In an interview to CNBC-TV18's Prashant Nair and Ekta Batra, G Chokkalingam, Founder & Managing Director of Equinomics Research & Advisory shared his reading and outlook on the tyre sector and also gave recommendations on various stocks.
Ashwani Gujral of ashwanigujral.com recommends buying Ceat, Godrej Properties, REC, Dewan Housing Finance and Can Fin Homes.
Sandeep Wagle of powermywealth.com is of the view that one can buy Jindal Steel & Power and India Cements and sell Ceat.
Ashwani Gujral of ashwanigujral.com is of the view that M&M may test Rs 1400, Britannia Industries Rs 3700 and Ceat Rs 1600.
Ashwani Gujral of ashwanigujral.com suggests buying Chambal Fertilisers and Chemicals, Ceat and Tata Chemicals.
Ashwani Gujral of ashwanigujral.com recommends buying Ceat, Tata Steel and Indraprastha Gas.
Sandeep Wagle of powermywealth.com recommends buying Punjab National Bank while he feels that Ceat may test Rs 1530.
Mitessh Thakkar of miteshthacker.com recommends buying Chambal Fertilisers and Ceat.
Ashwani Gujral of ashwanigujral.com recommends buying JM Financial, Reliance Industries, Ceat, Dewan Housing Finance and Tata Chemicals.
Ashwani Gujral of ashwanigujral.com suggests buying Dredging Corporation, Ceat and VIP Industries.
Ashwani Gujral of ashwanigujral.com suggests buying STC, Ceat and Dishman Pharma.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Avenue Supermarts , Ceat, Bajaj Finance, Mahindra and Mahindra Financial Services and TV Today.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Century Textiles and Industries, Ceat and DLF and hold on to Reliance Industries.
Sudarshan Sukhani of s2analytics.com recommends buying Tata Global Beverage, Ceat and Rural Electrification Corporation.
According to Prakash Gaba of prakashgaba.com, Jindal Steel & Power and Deep Industries look good.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Reliance Capital, Sun TV and Britannia Industries and advises exiting tyre stocks.
Mitessh Thakkar of miteshthacker.com recommends buying Indraprastha Gas and Bharti Infratel and likes Bajaj Finance and suggests selling Ceat and Canara Bank.
Ashwani Gujral of ashwanigujral.com recommends buying Inox Leisure, Ceat and Punjab National Bank.
Ashwani Gujral of ashwanigujral.com recommends buying Jet Airways, Dish TV, Ceat, Indiabulls Housing Finance and Bajaj Finance.
Rajat Bose of rajatkbose.com recommends buying Ceat and Bajaj Finance.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Hindustan Zinc and Bharat Financial Inclusion and buy Ceat while he feels that Reliance Capital may hit Rs 800.
Ashwani Gujral of ashwanigujral.com recommends buying Ceat, Prestige Estates and Biocon.
Ashwani Gujral of ashwanigujral.com is of the view that Ajanta Pharma can head to Rs 1950 and prefers Jubilant Life Sciences from the pharma space and feels that one can look at Ceat and MRF from the tyre space.
Speaking to CNBC-TV18, Milak said though the decline in Chinese dumping along with fall in rubber will give a significant advantage for Indian companies, he cautioned that unless and until these factors sustain for a longer period of time rubber companies will fail to benefit significantly as the inventory carried by them is of around 40-45 days.
According to Ashwani Gujral of ashwanigujral.com, one can buy tyre stocks on dips.