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
The Nifty Auto Index has corrected by about 21 percent in the past two months, compared to an18 percent decline in the Nifty.
Automobile production has been hit by coronavirus disruptions and the BS-VI transition, say experts.
Due to the COVID-19 pandemic, most large and mid-cap stocks have corrected significantly. They are expected to remain volatile unless the issue of coronavirus comes under control.
Mitesh Thakkar of miteshthakkar.com suggests selling Escorts with a stop loss of Rs 760 for target of Rs 725 and Mahindra & Mahindra with a stop loss of Rs 458 for target of Rs 435.
Sudarshan Sukhani of s2analytics.com recommends buying Castrol India with stop loss at Rs 147 and target of Rs 154 and Escorts with stop loss at Rs 830 and target of Rs 860.
Sudarshan Sukhani of s2analytics.com suggests selling Tata Motors with stop loss at Rs 153 and target of Rs 142 and Bosch with stop loss at Rs 14300 and target of Rs 13700.
Prakash Gaba of prakashgaba.com recommends buying Escorts with target at Rs 900 and stop loss at Rs 870 and ICICI Bank with target at Rs 560 and stop loss at Rs 545.
Prakash Gaba of prakashgaba.com recommends buying Interglobe Aviation with target at Rs 1450 and stop loss at Rs 1385 and Reliance Industries with target at Rs 1575 and stop loss at Rs 1532.
Mitesh Thakkar of miteshthakkar.com recommends buying Adani Power with a stop loss below Rs 63 for target of Rs 67 and PAGE Industries with a stop loss of Rs 23200 for target of Rs 24400.
Ashwani Gujral of ashwanigujral.com suggests buying Bharti Airtel with a stop loss of Rs 445 and target of Rs 470.
Mitesh Thakkar of miteshthakkar.com recommends buying Ashok Leyland with a stop loss of Rs 78.8 and target of Rs 85 and Hindalco Industries with a stop loss of Rs 204 for target of Rs 218.
The BSE mid-cap index added 2.35 percent, while the small-cap index rose 1.55 percent and the BSE large-cap index was up 1.20 percent in the past week.
Ashwani Gujral of ashwanigujral.com recommends buying Escorts with a stop loss of Rs 658, target of Rs 680, JSW Steel with a stop loss of Rs 262, target of Rs 278 and Asian Paints with a stop loss of Rs 1730, target of Rs 1775.
Ashwani Gujral of ashwanigujral.com advices selling Tata Steel with a stop loss of Rs 390, target of Rs 375.
Ashwani Gujral of ashwanigujral.com recommends buying Axis Bank with a stop loss of Rs 728, target of Rs 750, HDFC with a stop loss of Rs 2200, target of Rs 2310 and State Bank of India with a stop loss of Rs 310, target of Rs 334.
Experts believe not only largecaps but also midcaps with good fundamentals and firm Q2 results can outperform broader indices in the coming quarters
BSE Smallcap index declined 9 percent, BSE Midcap index down 2 percent, while BSE largecap index added 10 percent in last one year.
Any dip is likely to be a buying opportunity for traders until we trade above this level.
Sudarshan Sukhani of s2analytics.com advises buying NIIT Technologies with target at Rs 1,455 and stop loss at Rs 1,345.
On the downside, 10,950 followed by 10,874 would now be seen as immediate support level for the Nifty
The index is likely to face resistance around 11,080, followed by 11,120 while supports are placed at 10,990, and 10,950 levels
Ashwani Gujral of ashwanigujral.com suggests selling State Bank of India with a stop loss of Rs 361, target of Rs 346 and Kotak Mahindra Bank with a stop loss of Rs 1520, target of Rs 1465.
Sudarshan Sukhani of s2analytics.com advises buying Divis Labs with stop loss at Rs 1590 and target of Rs 1650 and Indraprastha Gas with stop loss at Rs 310 and target of Rs 325.
Sudarshan Sukhani of s2analytics.com recommends buying Bank of Baroda with stop loss at Rs 127 and target of Rs 134 and Colgate Palmolive with stop loss at Rs 1160 and target of Rs 1200.
Mitessh Thakkar of mitesshthakkar.com recommends buying Apollo Hospitals with a stop loss of Rs 1338 and target of Rs 1400, Bharat Heavy Electricals with a stop loss below Rs 71.8 for target of Rs 77 and Hindustan Unilever with a stop loss of Rs 1774 and target of Rs 1810.