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 September quarter earnings bouyed market sentiment and increased hope for strong earnings growth in coming years, brokerages upgraded majority of quality stocks in current month.
Gaurav Garg of CapitalVia feels the LTC and reintroducing of Special Festival advance scheme for government employees are expected to boost the consumer demand by additional Rs 36,000 crore.
Given the gradual unlocking of India, sectors which had left aside in previous rally have started participating in the current run up. Hence brokerage houses also initiated coverage with a buy call on several stocks.
After March quarter earnings and recent correction in stock prices, many stocks got an upgrade in rating from brokerages
Dixon intends to participate in the production-linked incentive scheme for mobile manufacturing which offers incentives to boost domestic manufacturing of mobiles.
These stocks may take off once the runway is clear, says the brokerage.
Current sell-off has presented an opportunity to accumulate stocks for long term as most of the stocks are available to the investors at attractive valuations.
Rusmik Oza of Kotak said high expectations from the Budget could lead to a good start for Indian equities in 2020.
Breaking below 11,935, we expect profit booking towards 11,802. The low of 11,802 is now key pivotal support level for the market in the short term.
The BSE mid-cap index was up 0.28 percent, while the small-cap index fell 1.10 percent and the BSE large-cap index was down 0.22 percent in the past week.
Experts feel that economic activity is likely to remain muted and investors will be better off with companies that are likely to benefit the most from the corporate tax cut.
Hence here are 11 stocks where brokerages initiated coverage with a buy call, which could give 10-73 percent return:
Bollinger band volatility breakout can come above 11,300 marks which can add further strength to the current up move.
Traders can accumulate the stock in the range of Rs 2115-2130 for the target of Rs 2340 and a stop loss below Rs 2037, says Rupak De of Bonanza Portfolio.
Despite the current correction, the Nifty50 is still up 8.6 percent and the Sensex 11.3 percent year-to-date, which indicated that the market has been managing to climb all wall of worries very easily, experts said.
Revenue growth is expected at 25 percent for FY19 driven by capacity additions, new client acquisition in TV while backward integration to help margins where electronics faced cost pressures recently.
With markets hitting fresh highs, most experts said there is need for a portfolio rejig and investors should add stocks that are showing growth
The carnage in midcap and smallcaps is a buying opportunity in select stocks
Stock may be bought in the range of Rs 3,665-3675 for targets of Rs 3,880-4000, keeping a stop loss below Rs 3,500, says Aditya Agarwala of YES Securities (I) Ltd.
Here is the list of three stocks that can give up to 14 percent return in a month.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on the market and specific stocks and sectors.