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 is of the view that one can buy Shriram Transport Finance Corporation and can sell Axis Bank and Muthoot Finance.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell ACC, Axis Bank, Dabur India and Tata Motors and can buy Bosch.
Auto companies like Hero MotoCorp, M&M and Escorts also highlighted rural growth recovery. India Inc. expects the demand trends to strengthen as we move into 2HFY18.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy HUL, Dabur India, Arvind and ACC and sell Colgate Palmolive and Yes Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Axis Bank, Wockhardt, TVS Motor, NTPC and Nestle India and can sell Marico and UPL.
While Q1 2018 was impacted by severe destocking in the trade channel due to GST, Q2 2018 witnessed a sharp recovery partly led by restocking and festive season demand recovery. Average volume growth in Q2 2018 has been 6.2 percent YoY (vs. -6.3 percent in Q1 2018) led by Emami, Godrej consumers, Marico and Dabur.
If you are in equity markets for the long haul then rest assured this rally has more legs and Nifty is well on track to hit Mount 11K.
Amit Gupta of ICICIdirect suggests buying Dabur India and Motherson Sumi Systems.
UBS has retained a buy on the stock with target of Rs 400 while Macquarie has an outperform rating with a target of Rs 369.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ashok Leyland, Divis Laboratories, Reliance Industries and Torrent Power and can sell LIC Housing Finance.
IndiGo, JSW Steel, Dr Reddy’ and Info Edge, among others are on the radar of investors on Wednesday.
Ashwani Gujral of ashwanigujral.com has a buy on Gujarat Alkalies with a stop loss of Rs 775, target of Rs 800, a buy on Gujarat Fluorochemicals with a stop loss of Rs 920, target of Rs 960 and a buy on GSFC with a stop loss of Rs 156, target of Rs 170.
Liquor and fast moving consumer goods (FMCG) earnings remain in focus. In an interview to CNBC-TV18, Abneesh Roy of Edelweiss Securities shared his take on the sector.
Vishvesh Chauhan of Monarch Networth Capital advises buying Bombay Burmah Trading Corporation with a target of Rs 1780.
Ashwani Gujral of ashwanigujral.com recommends buying State Bank of India with a target of Rs 340, Bank of India with a target of Rs 200 and National Aluminium Company with a target of Rs 93.
Ruchit Jain of Angel Broking is of the view that one may buy India Cements with a target of Rs 205.
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.
Chandan Taparia of Motilal Oswal Securities recommends buying HDFC Bank and National Aluminium Company and has a positive view on Hindustan Unilever.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Dabur India, Jindal Steel & Power, National Aluminium Company and Tata Consultancy Services and can sell Bank of Baroda.
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.
On the BSE Index, over 100 stocks hit fresh 52-week high including names like Bata India, TVS Motor Company, Dabur India, Deepak Fertilizers, Kolte Patil Developers and Chambal Fertilizers.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Amara Raja Batteries and Kajaria Ceramics and can buy Bharat Electronics and Dabur India while one can hold Coal India.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the trend is still up and there is a good chance that some sluggishness may creep in these upper regions. The crucial support for the Nifty is at 9900 and the resistance is at 10041-10080. On the other hand Bank Nifty has support at 24000 and resistance at 24312-24400.
Moneycontrol attempts to identify stocks that wise investors should use to duck and weave through this particular storm.
Vijay Chopra of enochventures.com is of the view that one may buy Mawana Sugars with a target of Rs 125.