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 Aurobindo Pharma with a stop loss of Rs 794, target of Rs 820, Balrampur Chini with a stop loss of Rs 88, target of Rs 96 and advises selling Balkrishna Industries with a stop loss of Rs 1170, target of Rs 1145.
Mitessh Thakkar of miteshthacker.com suggests buying V-Guard Industries above Rs 218.5 with stop loss of Rs 212 and target of Rs 232, Bharat Forge above Rs 657 with stop loss of Rs 645 and target of Rs 680 and HDFC Bank with a stop loss of Rs 2080 and target of Rs 2120.
Sudarshan Sukhani of s2analytics.com recommends selling Coal India with a stop loss at Rs 264 and target of Rs 255, DLF with a stop loss at Rs 181 and target of Rs 172 and Hindustan Zinc with a stop loss at Rs 272 and target of Rs 263.
Depending on the risk profile of investors, experts suggest that dividend-paying stocks could constitute 20-60 percent of one’s portfolio.
Jayant Manglik of Religare Broking said though the Nifty is still showing resilience despite the global turmoil, continuous underperformance has turned sentiment bearish in the broader market.
Traders shouldn’t miss this opportunity and create fresh shorts in the given the range of Rs 264-266 for target of Rs 250, says Vinay Rajani of HDFC Securities.
The support level for the index now gets upgraded to 26,500. The Nifty is approaching its crucial hurdle of 10,800.
Prakash Gaba of prakashgaba.com advises buying ACC with a target at Rs 1400.
“The Beats-to-misses (BTM) ratio for 4Q was 0.76x indicating that there were more misses than beats this quarter. After the largely positive surprises in 2Q which had a BTM of 1.42x, 3Q and 4Q have witnessed a sequential decline,” JM Financial said in a report.
Rajesh Agarwal of AUM Capital recommends buying Infosys with stop loss at Rs 1197 and target at Rs 1246, a buy in Coal India with stop loss at Rs 274 and target of Rs 288 and a buy also in Housing Development Finance Corporation with stop loss at Rs 1775 and target at Rs 1845.
Here is the list of 10 stocks that can give up to percent 76 percent return over 12-15 months.
Prakash Gaba of prakashgaba.com recommends buying Wockhardt with target at Rs 840 and stop loss at Rs 770 while he has a sell on Bank of India with target at Rs 96 and stop loss at Rs 108.
Here is a list of top 5 trading ideas which could give up to 10% return in the short term,
Gaurav Bissa, Derivatives Analyst at LKP Securities is of the view that one can buy PC Jeweller and Bharat Financial Inclusion and can sell Coal India.
Ashwani Gujral of ashwanigujral.com recommends buying United Spirits, Jubilant Foodworks and NIIT Technologies.
IDFC Bank, Coal India, and metals, among others, are being tracked by investors on Monday.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Balrampur Chini and Coal India and can buy UltraTech Cement.
Coal India production edged up to 54.46 million tonnes in February 2018 compared to the same month last year but missed the target of 61.43 million tonne.
"We are taking slightly contra view on index and expect Nifty index to see a short-term pullback from current level. Till the time Nifty is trading above 10033.35, the Higher Top Higher Bottom formation on weekly chart remains intact. On weekly charts, RSI (14), has signaled an oversold condition post the formation of a bearish divergence," says Aditya Agarwal, Head Technical Research at Way2Wealth Brokers Pvt. Ltd.
The government on Tuesday allowed private sector to mine coal and sell it for commercial use. Brokerages believe that it could increase cost curve and benefit Coal India.
If Nifty see a close below 10350 in next few days then we may be going in for a deeper correction where price may see a downside move to 10100 - 9900.
PSU banks and IT stocks are also on investors’ radar on Wednesday.
Ruchit Jain of Angel Broking advises buying Godrej Consumer with a target of Rs 1091.
The Nifty Midcap 100 index which was seen outperforming in the early part of the week is witnessing heavy offloading in the past two trading sessions.
Vijay Chopra of enochventures.com suggests buying Hindusthan Zinc with a target of Rs 310.