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
Sustained move above high 12,300 levels will push prices higher towards Fibonacci extension mark of 12,400 which coincides also with the cup and handle pattern targets
Sudarshan Sukhani of s2analytics.com recommends selling IDFC First Bank with stop loss at Rs 45 and target of Rs 41 and UPL with stop loss at Rs 570 and target of Rs 548.
Among sectors we prefer to initiate longs in Auto, Banking and Metal space for reasonable upside as the risk reward remains favourable.
Prakash Gaba of prakashgaba.com recommends buying Sun Pharma with target at Rs 455 and stop loss at Rs 435.
Sudarshan Sukhani of s2analytics.com recommends buying Mindtree with stop loss of Rs 702 and target of Rs 725 and Pidilite Industries with stop loss at Rs 1215 and target of Rs 1255.
With the expected focus on capex/infra themes in the upcoming Budget, we continue to be positive on the capital goods sector
We do not expect a broad based rally (as witnessed in 2017) but select companies with improved financial performance, strong growth prospects, and sound management would outperform, Jayant Manglik said
Elara Capital expects a revival in midcaps riding on price and valuation comfort based on historical trends, strong flows from FPIs and DIIs and strong earnings revival
The global investment bank expects returns to be driven largely by earnings with potential valuation overshoot in the near-term.
At the current juncture, investors can start looking to build a strong portfolio with quality names in largecaps, midcaps and smallcaps
Ashwani Gujral of ashwanigujral.com recommends buying Adani Enterprises with a stop loss of Rs 138, target of Rs 150, L&T Finance Holdings with a stop loss of Rs 124, target of Rs 136 and Tata Steel with a stop loss of Rs 515, target of Rs 540.
Mitessh Thakkar of mitesshthakkar.com recommends buying Dabur India with a stop loss below Rs 453 for target of Rs 474, Bharti Infratel with a stop loss of Rs 298 and target of Rs 322 and ONGC with a stop loss of Rs 145 and target of Rs 155.
Mitessh Thakkar of mitesshthakkar.com recommends buying Shriram Transport Finance with a stop loss of Rs 1050 and target of Rs 1098, Tech Mahindra with a stop loss of Rs 740 and target of Rs 774 and IndusInd Bank with a stop loss of Rs 1524 and target of Rs 1585.
Sudarshan Sukhani of s2analytics.com recommends buying HDFC Bank with stop loss at Rs 2100 and target of Rs 2140, Reliance Industries with stop loss at Rs 1115 and target of Rs 1150 and LIC Housing Finance with stop loss at Rs 480 and target of Rs 495.
Ashwani Gujral of ashwanigujral.com suggests selling Ceat with a target of Rs 126.
Mitessh Thakkar of miteshthacker.com recommends buying Cummins India with a stop loss below Rs 839 for target of Rs 900, Glenmark Pharma with a stop loss of Rs 685 and target of Rs 720 and M&M with a stop loss of Rs 792 and target of Rs 830.
Ashwani Gujral of ashwanigujral.com recommends buying V Guard Industries with a stop loss of Rs 230, target of Rs 242, Bata India with a stop loss of Rs 1120, target of Rs 1155 and PVR with a stop loss of Rs 1570, target of Rs 1610.
Mitessh Thakkar of mitesshthakkar.com recommends buying Cummins India with a stop loss of Rs 812.5 and target of Rs 865, Mahanagar Gas with a stop loss of Rs 875 and target of Rs 950 and Power Grid with a stop loss of Rs 188 and target of Rs 202.
Traders can accumulate the stock in a range of Rs 795-805 for the upside target of Rs 870 levels and a stop loss below Rs 750, says Shitij Gandhi of SMC Global Securities.
Rajesh Agarwal of AUM Capital recommends buying Aptech with stop loss at Rs 165 and target of Rs 183, VIP Industries with stop loss at Rs 508 and target of Rs 550 and Zydus Wellness with stop loss at Rs 1198 and target of Rs 1249.
MOSL’s FY19/20 Nifty EPS estimates have been cut by 4.4/2.9% to Rs 515/655 v/s Rs 539/674 earlier
Mitessh Thakkar of mitesshthakkar.com suggests selling Eicher Motors with a stop loss of Rs 22300 and target of Rs 21000 and Hindustan Zinc with a stop loss of Rs 268.25 and target of Rs 252 and advises buying Cummins India with a stop loss of Rs 779 and target of Rs 835.
Hindalco, Maruti Suzuki and ICICI Bank are among the big Nifty names that Motilal Oswal is placing its bet on, this Diwali.
Rajesh Agarwal of AUM Capital recommends buying Canara Bank with stop loss at Rs 255 and target of Rs 272 and Graphite India with stop loss at Rs 938 and target of Rs 970.
HDFC Securities has selected the stock on two criteria – capital preservation (for now) and alpha generation (for later).