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
Natco Pharma has seen a big breakout of around six-week consolidation with strong volumes. The stock has also seen a crossover with 50-day EMA crossing the 200-day EMA in the week gone by, which is a positive sign.
On the technical front, the secondary oscillators suggest that volatility will grip the market in the coming sessions.
In 2019 so far, the Sensex and Nifty rallied 10 percent each while the BSE Midcap index fell 3 percent and Smallcap index lost 1 percent.
The S&P BSE Midcap index slipped 0.57 percent for the week ended May 17 while the S&P BSE Smallcap index was down 1.5 percent in the same period.
Among sectors, FMCG, IT, pharma lost more than 2 percent, while metal and energy index seen some buying.
Around 134 out of 776 smallcap stocks closed in the green and out of which top 10 stocks rallied between 8 percent and 33 percent
A fresh trend in Bank Nifty can emerge only beyond 30200 on the higher side and below 29500 on the lower side.
Bulls were in charge of D-Street in an action-packed week. Benchmark indices broke above key resistance levels on strong results from India Inc. except for Axis Bank. Falling rupee kept the IT and pharma pack buzzing.
Ruchit Jain of Angel Broking recommends buying Natco Pharma with a stoploss at Rs 995 and target of Rs 1080 and a buy on GHCL with a stoploss at Rs 286 and target of Rs 327.
Vishvesh Chauhan of Monarch Networth Capital is of the view that one may buy MRF with a target of Rs 70300.
In an interview to CNBC-TV18‘s Latha Venkatesh, Anuj Singhal and Sonia Shenoy, SP Tulsian of sptulsian.com shared his readings and outlook on market and specific stocks.
According to Ashwani Gujral of ashwanigujral.com, one can buy DCM Shriram, Berger Paints and Petronet LNG.
Ashwani Gujral of ashwanigujral.com is of the view that oen can buy Bajaj Auto and DCM Shriram and sell Rural Electrification Corporation.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Tata Motors, Coal India and Apollo Hospitals.
Vijay Chopra of enochventures.com recommends buying DCM Shriram with a target of Rs 200 and LIC Hhousing Finance with a target of Rs 463.
SP Tulsian of sptulsian.com is of the view that Parrys Sugar post results has risen to a level of Rs 58-59. "I will not be surprised to see the stock hitting lower circuit continuously for one week or it may correct to about Rs 40 for the simple reason that it is getting merged to the EID Parry," he said.
SP Tulsian of sptulsian.com is of the view that one may prefer Minda Industries and sugar stocks.
Kunal Bothra, Head of Advisory at LKP advises buying Future Retail and feels that Tamil Nadu Newsprint and Papers may test Rs 256.
Manav Chopra of Networth Stock Broking suggests buying Castrol India with a target of Rs 490.
Here are top 10 stocks to keep an eye on November 13 - DLF, TVS Motor, Tata Steel, JP Associates, J&K Bank, Eicher Motors, BPCL, BGR Energy, NALCO and Marico Kaya.
According to CNBC-TV18‘s research team here are the stocks to keep an eye on: Adani Power, Tata Power, NTPC, Power Grid, ICRA, Care Ratings, GMR Infra, Lanco Infra, Ceat, DCM Shriram
DCM Shriram Consolidated is a well-run company in a variety of businesses having managed a turnaround and also available at extremely attractive valuations, says Ashish Chugh, Investment Analyst.