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 recommends buying Hindustan Petroleum Corporation with a stop loss of Rs 270, target of Rs 284 and Can Fin Homes with a stop loss of Rs 323, target of Rs 341.
For next week, Nifty has strong support at 11,365-11,255 and resistance at 11,525-11,650 range, says Sumit Bilgaiyan
Ashwani Gujral of ashwanigujral.com recommends buying Sun TV with a stop loss of Rs 600, target of Rs 625, Divis Labs with a stop loss of Rs 1600, target of Rs 1645 and Axis Bank with a stop loss of Rs 705, target of Rs 724.
Ashwani Gujral of ashwanigujral.com recommends buying UltraTech Cement with a stop loss Rs 3700, target of Rs 3765, Infosys with a stop loss of Rs 748, target of Rs 770 and Maruti Suzuki with a stop loss of Rs 6800, target of Rs 7200.
Ashwani Gujral of ashwanigujral.com
Mitessh Thakkar of mitesshthakkar.com recommends buying Britannia Industries with stop loss of Rs 3204 and target of Rs 3350 and Divis Labs above Rs 1540 with stop loss of Rs 1524 and target of Rs 1575.
The stock can be bought at current levels and on dips to Rs 1,420 with a stop loss below Rs 85 and a target of Rs 1,700, says Ashish Chaturmohta of Sanctum Wealth Management.
Ashwani Gujral of ashwanigujral.com recommends buying Manappuram Finance with a stop loss of Rs 94, target of Rs 106, Siemens with a stop loss of Rs 1055, target of Rs 1100 and ICICI Bank with a stop loss of Rs 375, target of Rs 390.
Prakash Gaba of prakashgaba.com recommends buying Dabur India with target at Rs 435 and stop loss at Rs 415 and Kajaria Ceremics with target at Rs 512 and stop loss at Rs 493.
Mitessh Thakkar of mitesshthakkar.com advises buying CESC with a target Rs 750.
Ashwani Gujral of ashwanigujral.com recommends buying Hindustan Unilever with a stop loss of Rs 1830, target of Rs 1885 and HDFC with a stop loss of Rs 1950, target of Rs 2010.
Ashwani Gujral of ashwanigujral.com suggests buying DCB Bank with a target of Rs 174.
Mitessh Thakkar of mitesshthakkar.com suggests buying Granules India with a stop loss of Rs 99 and target of Rs 106, NBCC with a stop loss of Rs 55 and target of Rs 64 and Torrent Pharma with a stop loss of Rs 1677 and target of Rs 1800.
Rajesh Agarwal of AUM Capital recommends buying Tata Motors with stop loss at Rs 168 and target of Rs 185 and India Glycols with stop loss at Rs 350 and target of Rs 378.
Sudarshan Sukhani of s2analytics.com suggests buying Bata India with stop loss at Rs 860 and target of Rs 920, Dabur India with stop loss at Rs 400 and target of Rs 420 and Voltas with stop loss at Rs 520 and target of Rs 544.
Sudarshan Sukhani of s2analytics.com suggests buying Colgate Palmolive with stop loss of Rs 1120 and target of Rs 1135, Glenmark Pharma with stop loss at Rs 606 and target of Rs 636 and Havells India with stop loss at Rs 585 and target of Rs 630.
The overall data has turned negative and more weakness can be seen in the expiry week.
Rajesh Agarwal of AUM Capital recommends buying Dalmia Bharat with stop loss at Rs 1994 and target of Rs 2077 and Bajaj Auto with stop loss at Rs 2548 and target of Rs 2630.
Invest in quality companies with a healthy growth outlook and reasonable valuations.
As of now, mid-cap index is in “correction” and the small cap is in “rally attempt” till it breaches its recent lows
Sudarshan Sukhani of s2analytics.com suggests buying Divis Labs with stop loss at Rs 1290 and target of Rs 1350 and JSW Steel with stop loss at Rs 375 and target of Rs 392.
Sudarshan Sukhani of s2analytics.com suggests buying Divis Labs with stop loss at Rs 1365 and target of Rs 1425, Hindustan Unilever with stop loss at Rs 1620 and target of Rs 1680 and Infosys with stop loss at Rs 716 and target of Rs 746.
Traders can buy the stock around current levels and further add on dips around Rs 1340-1345 with a stop loss below Rs 1300 for the target of Rs 1490, says Abhishek Mondal of Guiness Securities.
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.
At the CMP, the stock trades at a P/E of 36.5x. Technically stock has formed flag pattern break out on daily chart which is bullish in its nature. We are recommending a buy for medium term, says Sumit Bilgaiyan of Equity99.