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
Rajesh Agarwal of AUM Capital recommends buying JK Paper with stop loss at Rs 175 and target of Rs 187, Aurobindo Pharma with stop loss at Rs 735 and target of Rs 789 and Cadila Healthcare with stop loss at Rs 413 and target of Rs 435.
Dr. Reddy's Laboratories, United Spirits, Tata Elxsi, Future Retail and Mahindra CIE Automotive are stocks stocks which could give 9-18% return in 1 month.
Ashwani Gujral of ashwanigujral.com suggests buying Dr Reddy's Labs with a stop loss of Rs 2470, target of Rs 2550, NIIT Tech with a stop loss of Rs 1395, target of Rs 1430 and Bank of Baroda with a stop loss of Rs 148, target of Rs 160.
Rajesh Agarwal of AUM Capital recommends buying ICICI Lombard with stop loss at Rs 782 and target of Rs 813, Mindtree with stop loss at Rs 1084 and target of Rs 1150 and Albert David with stop loss at Rs 597 and target of Rs 645.
There is limited risk-reward for any fresh longs in the index from the current levels but traders should now focus on specific stocks and sectors.
After a six-week run-up, we are expecting that Nifty will consolidate at this level and quality mid-caps and small-caps will rally. They have been lagging behind with respect to the big names
Prakash Gaba of prakashgaba.com suggests buying NBCC with target at Rs 80 and stop loss at Rs 71 and Maruti Suzuki with target at Rs 9300 and stop loss at Rs 9100.
Rajesh Agarwal of AUM Capital recommends buying International Paper with stop loss at Rs 472 and target of Rs 500, RITES with stop loss at Rs 278 and target of Rs 295 and Punjab National Bank with stop loss at Rs 79 and target of Rs 85.
Traders can accumulate the stock in the range of Rs 2,165-2,185 for the target of Rs 2,310 with a stop loss below Rs 2,097, says Rupak De of Bonanza Portfolio.
Nifty is likely to trade in a range. On the higher end, it may move up towards 11450 -11500; whereas on the lower end, supports are visible at 11,200 and 11,000 levels.
Ashwani Gujral of ashwanigujral.com recommends buying Yes Bank with a stop loss of Rs 387, target of Rs 405, Indraprastha Gas with a stop loss of Rs 268, target of Rs 284 and Reliance Industries with a stop loss of Rs 1090, target of Rs 1140.
Ashwani Gujral of ashwanigujral.com advises buying Asian Paints with a target of Rs 1410.
A close above 10,930 has confirmed a breakout. If the same unfolds the way it should, then the Nifty is likely to rally another 300 points. This would help it break past its previous all-time highs.
Rajesh Agarwal of AUM Capital recommends buying Century Enka with stop loss at Rs 259 and target of Rs 272, Marico with stop loss at Rs 343 and target of Rs 360 and Bajaj Finance with stop loss at Rs 2390 and target of Rs 2450.
Mitessh Thakkar of mitesshthakkar.com recommends buying Exide Industries with a stop loss of Rs 264.9 and target of Rs 280, RBL Bank with a stop loss of Rs 570 and target of Rs 600 and HCL Tech with a stop loss of Rs 949 and target of Rs 985.
Mitessh Thakkar of mitesshthakkar.com recommends buying Dr Reddy's Lab with a stop loss below Rs 2284 and target of Rs 2400, Repco Home above Rs 580, with stop loss of Rs 565 and target of Rs 610 and Maruti Suzuki with a stop loss of Rs 9180 and target of Rs 9300.
We advocate traders to buy this stock at the current level of Rs 2,300 – 2,280 with a price target of Rs 2,450 and stop loss placed at Rs 2,175, says Aditya Agarwal of Way2Wealth Brokers.
Going forward, Aditya Agarwal expects Nifty to correct towards 10,400 levels, and any decisive closing below the said level will be a bearish indication for the medium term
We recommend buying the stock at the current level for a target of Rs 2,330 and a stop loss of below Rs 2,245 on a closing basis on the daily chart, says Mustafa Nadeem of Epic Research.
Investors need to watch the movement of Nifty in the first few hours of trade on Thursday as it may be volatile and the pain may intensify to lower levels of 10,610 – 10,600.
Rajesh Agarwal of AUM Capital recommends buying Tech Mahindra with stop loss at Rs 699 and target of Rs 733, PVR with stop loss at Rs 1350 and target of Rs 1389 and Dabur India with stop loss at Rs 387 and target of Rs 403.
Investors can consider this company with a 3 year horizon. Its earnings performance is dependent upon timely approvals of products in its pipeline, says Akash Jain of Ajcon Global.
Investors need to be careful while selecting stocks in midcap space as any unfavourable result in state elections would result in a drastic fall in midcaps and smallcaps
Reversal of the bearish view can be pegged above the recent high of 10,929, says Gaurav Ratnaparkhi of Sharekhan
Global brokerage house Citi expects double digit growth for current financial year (FY19) but with some downgrade risks.