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
Every sector will be impacted by the GST. CNBC-TV18 brings to you GST-based stock ideas from Pankaj Sharma of Equirus Securities and Jigar Shah of Kim End Sec India.
According to Pankaj Sharma of Equirus Securities, Exide Industries, Finolex Cables, Havells India and Britannia Industries should benefit from GST.
Ruchit Jain of Angel Broking advises buying Jubilant Foodworks with a target of Rs 1325.
Sudarshan Sukhani of s2analytics.com recommends buying Exide Industries and Rural Electrification Corporation and advises selling NIIT Technologies.
Rakesh Bansal of RK Global advises buying Exide Industries with a target of Rs 190.
Sudarshan Sukhani of s2analytics.com recommends buying Bata India, Exide Industries and Reliance Industries.
Ambareesh Baliga, Market Expert recommends buying Exide Industries.
In an interview to CNBC-TV18, Taher Badshah of Motilal Oswal AMC, spoke about his reading and outlook on market as well as on various stocks and sectors.
CLSA has retained underperform call on HUL with a target of Rs 885 per share as the company continues to see sluggish growth trend. Change over to IndAS impacted several line items in income statement.
Manish Sharma of derivativetradingresearch.com is of the view that one may sell Allahabad Bank with a target of Rs 71.
Sandeep Wagle of powermywealth.com is bullish on Exide Industries and Hindustan Unilever.
Ashu Madan of Religare Securities is of the view that one may avoid Exide Industries at current level and post results one can consider to buy it.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy sugar stocks while Maruti Suzuki may test Rs 4750.
Earnings upgrade cycle is key to sustaining valuations that otherwise look slightly stretched at 17-18 times forward earnings, says the Citi note
Credit Suisse says GST is a major negative for alcohol companies as they are kept out of GST and earnings could get hit by 15-20 percent in FY18. It says input cost inflation could hit margin by 150-200 basis points. Input taxes on raw materials may become stranded with no offsets.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Tata Consultancy Services, Infosys, GMDC, Vardhman Textiles and Exide Industries.
In an interview to CNBC-TV18, Mayuresh Joshi of Angel Broking shared his readings and outlook on specific stocks and sector.
In an interview with CNBC-TV18, market expert SP Tulsian gave his stock picks for the day and shared his views on the IT raid at Indiabulls Housing.
Sudarshan Sukhani of s2analytics.com recommends investing in Exide Industries.
Sandeep Wagle of powermywealth.com recommends buying Exide Industries and Kotak Mahindra Bank and sell Indiabulls Real Estate.
CA Rudramurthy BV of Vachana Investments advises buying Cairn India with a target of Rs 166.
Sameet Chavan of Angel Broking advises buying Bajaj Auto with a target of Rs 2850.
Nomura has raised target price on Exide Industries, the competitor of Amara Raja, to Rs 156 from Rs 137 after revised earnings estimates higher but maintained neutral rating.
Sandeep Wagle of powermywealth.com recommends buying Aditya Birla Nuvo and Exide Industries and advises selling Tata Consultancy Services.
Shahina Mukadam, Independent Market Expert is of the view that one may buy Allcargo Global with a target of Rs 180.