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
Ashwani Gujral of ashwanigujral.com suggests buying United Spirits, Tata Global Beverage and CESC.
CLSA has retained its Underperform rating on Cadila with reduced target price at Rs 440 from Rs 480 per share earlier following cut in FY19-20 margin estimate by 100 bps & earnings by 5-7 percent.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy United Breweries and Dredging Corporation and can sell TVS Motor.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy KPIT Tech, JSW Energy, Hindustan Unilever and Granules India and can sell Canara Bank.
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Prudential, Reliance Capital, RCF, PC Jeweller, Indiabulls Housing and CESC.
Rajat Bose of rajatkbose.com recommends buying Escorts, M&M Financial Services and CESC.
Kiran Jadhav of KiranJadhav.com advises buying Tata Power, CESC and EID Parry.
Pankaj Jain of SW Capital is of the view that one may buy HCL Info with a target of Rs 62.
The Nifty closed at a new all-time high on Friday and seen small consolidation at breakout levels. Crossing and sustaining above 10500 levels on a tradable basis, the index can be expected to rally towards 10700 levels and then 10840 odd levels on the upside.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy RIL, Bharat Financial, DHFL, Bharat Forge and M&M Financial and advises selling Grasim Industries.
Mitessh Thakkar of miteshthacker.com suggests selling L&T and CESC.
Sameet Chavan of Angel Broking is of the view that one may buy Kesoram Industries with a target of Rs 161.
Ashwani Gujral of ashwanigujral.com suggests buying Vakrangee with a stop loss of Rs 735, target of Rs 770 and Mindtree with a stop loss of Rs 546, target of Rs 570 while he advises selling Bharti Infratel with a stop loss of Rs 381, target of Rs 364.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy CESC and NMDC and can hold Yes Bank while one can sell Hindustan Petroleum Corporation.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Adani Ports, BPCL and CESC and buy HT Media.
Motilal Oswal continued to like Power Grid and NTPC, being regulated, and offering strong earnings growth potential and good visibility.
Sandeep Wagle of powermywealth.com suggests buying Mahindra & Mahindra and CESC.
Tata Motors, CESC, IT and Autos, among others, being tracked by investors on Wednesday.
Yogesh Mehta of Motilal Oswal recommends buying Bajaj Finance, CESC and L&T Finance Holdings.
Mitessh Thakkar of mitesshthakkar.com recommends buying PVR and CESC and advises selling PTC India.
Mitessh Thakkar of miteshthacker.com has a buy on Amar Raja Batteries with a stop loss of Rs 713 for target of Rs 765 and a sell on ITC with a stop loss of Rs 265 for target of Rs 251 and a sell also on ACC with a stop loss of Rs 1774 for target of Rs 1730.
According to Technical Analyst Prakash Gaba of prakashgaba.com, for the Nifty 10380-400 is still a stiff resistance to deal with and down side from 10240 to 10184 is still a possibility. The crucial support for the Nifty is at 10240-10184 and the resistance is at 10380-10400. Bank Nifty on the other hand has support at 25100 and resistance at 25500.
Research firm CLSA has a buy rating on the stock with target of Rs 1,200 while Kotak Securities has an add rating with target at Rs 1,070.
IRB Infra, CESC and Rain Industries, among others, are being tracked by investors on Thursday.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Amara Raja Batteries and CESC and buy Zee Entertainment.