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
Sudarshan Sukhani of s2analytics.com is of the view that one can buy PVR and Sun TV Network and can sell BEML and Union Bank of India.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Lupin, NIIT Technologies and UPL.
Prakash Gaba of prakashgaba.com recommends buying DLF with target at Rs 260 and stop loss at Rs 237, a buy on Larsen & Toubro with a target at Rs 1256 and stop loss at Rs 1222 and a buy also on NIIT Tech with target at Rs 660 and stop loss at Rs 662.
Vishal Malkan of malkansview.com recommends buying L&T Finance Holdings with a stoploss at Rs 165 and target of Rs 185 and a buy also on Tata Motors DVR with a stoploss at Rs 225 and target of Rs 245.
Prakash Gaba of prakashgaba.com is of the view that NIIT Tech can climb to Rs 660 while LIC Housing Finance may test Rs 580.
According to Sudarshan Sukhani of s2analytics.com, one may buy Divis Laboratories.
Ruchit Jain of Angel Broking is of the view that one may buy NIIT Technologies with a target of Rs 681.
Sameet Chavan of Angel Broking is of the view that one may buy Kesoram Industries with a target of Rs 161.
Sandeep Wagle of powermywealth.com suggests selling Just Dial and NIIT Tech.
Mitessh Thakkar of miteshthacker.com suggests buying Dish TV with a stop loss of Rs 79 for target of Rs 83 and advises buying NBCC with a stop loss of Rs 254.90 for target of Rs 272 while he recommends selling Tata Communications around Rs 684, stop loss of Rs 696 for target of Rs 660.
Ashwani Gujral of ashwanigujral.com has a buy on Titan Company with a stop loss of Rs 820, target of Rs 855 and DLF with a stop loss of Rs 224, target of Rs 238.
Prakash Gaba of prakashgaba.com advises buying Berger Paints, SRF and GSFC.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Sun TV Network, NIIT Technologies and India Cements and sell Marico and Bharti Infratel.
Amit Gupta of ICICIdirect recommends buying Wipro, Mindtree and Kajaria Ceramics.
Ashwani Gujral of ashwanigujral.com advises buying Kaveri Seed, NIIT Technologies and Coromandel International.
CLSA has upgraded UltraTech to buy from outperform and has raised its target price on the stock to Rs 4,900 from Rs 4,700 per share as it feels overall Q2 results were good and there was no shock in newly acquired Jaiprakash Associates' units.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the trend is still up, and the next logical technical target is 10315-10537 as long as 10000 holds. The crucial support for the Nifty is at 10000 and the resistance is at 10181-10200-10315-10537. Bank Nifty on the other hand has support at 24534 and resistance at 24785-24900.
Bank Nifty was the top performing sector which was up 1.32 percent led b y ICICI Bank and Bank of India while on the other hand, from the midcap space, Havells India added 2.28 percent while Power Finance Corporation was up over 3 percent.
Reliance Industries and Tata Steel hit new 52-week high while Bharti Airtel zoomed over 6 percent. Avenue Supermarts, Bharat Financial Inclusion, Dabur India, Havells India and JSPL were the other stocks which hit 52-week high in the Nifty.
Nifty added on to its morning gains on Thursday with the index inching up 47.45 points at 10,032.80 while the Sensex added 132.86 points at 31,966. Vedanta, Lupin, Sun Pharma along with TCS were some of the top gainers in the Nifty.
The midcap index was the outperforming sector in the early hours of trade led by Biocon, Bharat Financial Inclusion, JSW Energy and Hindustan Zinc while Bharti Infratel followed by Hindalco Industries and Sun Pharmaceutical Industries were the top gainers.
Jay Thakkar of Anand Rathi Securities advises buying Greaves Cotton with a target of Rs 142.75.
Ashwani Gujral of ashwanigujral.com recommends buying Balrampur Chini, Coromandel International and NIIT Technologies.
Ashwani Gujral of ashwanigujral.com advises buying ACC, Phoenix Mills and NIIT Technologies.
According to Mitessh Thakkar of mitesshthakkar.com, one may buy Ashok Leyland and Coal India.