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
As the Nifty50 has given a breakout on the daily chart, every dip should be utilized as a buying opportunity. And the resistance or the next immediate target for the Nifty comes near 18,500 levels, said Rohan Patil of Bonanza Portfolio
Rajesh Agarwal of AUM Capital recommends buying Repco Home Finance with stop loss at Rs 398 and target of Rs 425, Mahanagar Gas with stop loss at Rs 848 and target of Rs 873 and Triveni Engineering with stop loss at Rs 52 and target of Rs 58.
Rajesh Agarwal of AUM Capital suggests buying Aptech with a stoploss of Rs 153 and target of Rs 170.
Brokerage house believes Balrampur Chini, Dhampur Sugar and Praj Industries are likely to benefit the most from the Centre’s ethanol policy.
We expect the stock to rally towards its potential target of Rs 171 in the medium term, says Hadrien Mendonca of IIFL.
The only saving grace is 10,200 rising trendline support zone on the weekly chart which the Nifty has just managed to hold above.
Rajesh Agarwal of AUM Capital recommends buying Hindustan Petroleum Corporation with stop loss at Rs 198 and target of Rs 220, Dredging Corporation with stop loss at Rs 327 and target of Rs 355 and Graphite India with stop loss at Rs 855 and target of Rs 900.
Rajesh Agarwal of AUM Capital recommends buying Adani Enterprises with stop loss at Rs 133 and target of Rs 147, State Bank of India with stop loss at Rs 265 and target of Rs 279 and JSW Steel with stop loss at Rs 397 and target of Rs 414.
Rajesh Agarwal of AUM Capital recommends buying Dhampur Sugar with stop loss at Rs 140 and target of Rs 155, Globus Spirits with stop loss at Rs 198 and target of Rs 220 and Bharat Petroleum Corporation with stop loss at Rs 358 and target of Rs 375.
Rajesh Agarwal of AUM Capital recommends buying Wockhardt with stop loss at Rs 654 and target of Rs 700, Deepak Nitrite with stop loss at Rs 264 and target of Rs 285 and Dhampur Sugar with stop loss at Rs 112 and target of Rs 125.
The ideal strategy should be to reduce weak long positions above 11,600, but the sectorial rotation is not ruled out.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may hold Tata Global Beverage.
Dolly Khanna, along with her husband Rajiv Khanna who has been her investment advisor, raised stake in 9 out of 20 stocks in her portfolio. She booked profits in 8 stocks while maintained a stake in 3 companies.
Rajat Bose of rajatkbose.com suggests buying Dhampur Sugar, Balaji Telefilms and Infibeam.
Sumeet Jain of Destimoney Securities suggests buying Sun Pharma Advanced with a target of Rs 354.
According to Mitessh Thakkar of mitsshthakkar.com, one may buy Ashok Leyland and MMTC.
According to Ashwani Gujral of ashwanigujral.com, one can buy YES Bank, IndusInd Bank and sugar stocks including Dhampur Sugar and EID Parry.
In an interview to CNBC-TV18's Reema Tendulkar and Sumaira Abidi, Dilip Bhat, Joint MD at Prabhudas Lilladher shared his readings and outlook on market and specific stocks.
According to Mitessh Thakkar of miteshthacker.com, one can buy Bajaj Auto, Rural Electrification Corporation and Reliance Industrial Infrastructure.
Ashish Kyal of Waves Strategy Advisors is of the view that one may buy Havells India with a target of Rs 450.
In an interview to CNBC-TV18 SP Tulsian, sptulsian.com spoke on stocks like Triveni Engineering, SBI, Bosch, Hindustan Zinc etc.
Kunal Saraogi of Equityrush recommends buying Titan Company with a target of Rs 400 and Federal Bank with a target of Rs 87.
Shahina Mukadam, Independent Market Expert advises buying India Cements with a target of Rs 150.
Shahina Mukadam, Independent Market Expert advises buying HCC with a target of Rs 48.
According to Avinash Gorakshakar, Market Expert, one may prefer Dhampur Sugar and Balrampur Chini Mills.