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
Commodity prices rallied sharply between February and May 2018, which was beneficial to companies which are directly linked with like metals and select oil stocks, but falling prices is generally good for companies which use these commodities as their raw material.
India’s plastics industry is one of the biggest in the world. Industry volumes are estimated at 16MMTPA (in FY17), with market size at Rs 1.8 lakh crore.
Ruchit Jain of Angel Broking is of the view that one may buy MCX India with a target of Rs 768.
Auto companies like Hero MotoCorp, M&M and Escorts also highlighted rural growth recovery. India Inc. expects the demand trends to strengthen as we move into 2HFY18.
Most analysts expect crude oil prices to remain rangebound with upside capped at around USD 55 barrel and unlikely to fall below USD 40 to conclude that it is in a bear territory.
AK Prabhakar of IDBI Capital is of the view that one may prefer Arvind and Power Grid.
Ashwani Gujral of ashwanigujral.com recommends buying Cholamandalam Investment, L&T Finance, Muthoot Finance, Finolex Industries and Raymond.
Ashoka Buildcon, says Pankaj Sharma of Equirus Securities, has been at the receiving end of a lot of perceived negative view and the stock deserves to be picked up considering its good business fundamentals.
Pankaj Sharma, Head-Equities at Equirus Securities has a positive view on Finolex Industries.
Sarvendra Srivastava of phisense.com advises buying Finolex Industries with a target of Rs 379.40.
Parag Thakkar of HDFC Securities is of the view that one can buy Finolex Industries on dips.
According to Parag Thakkar of HDFC Securities, Finolex Industries, KNR Construction, ITD Cementation and NCC are the top picks.
Dharmesh Kant of India Nivesh Securities recommends buying DCB Bank for a target price of Rs 99 and LIC Housing Finance for a target price of Rs 390.
AK Prabharkar, Independent Advisor is of the view that one may sell Biocon with a target of Rs 392 and Indiabulls Real Estate with a target of Rs 51.50.
Pankaj Jain of Sunteck Wealthmax recommends buying Financial Technologies for a target of Rs 411 and Tata Elxsi for a target of Rs 634.
Lancelot D Cunha, ITI Wealth Management advises buying TV Today for a target price of Rs 124 and Amara Raja Batteries for a target price of Rs 389.
Paras Bothra of Ashika Stock Broking recommends buying Aurobindo Pharma with a target of Rs 540 and TVS Motor Company with a target of Rs 95.
Paras Bothra, Ashika Stock Broking advises buying Finolex Industries for a target price of Rs 210 and TVS Motor for a target price of Rs 95.
AK Prabhakar Independent Advisor advises buying Rural Electrification Corporation for a target price of Rs 205 and Apollo Tyres for a target price of Rs 126.
Kunal Bothra of LKP advises buying Finolex Industries with a target of Rs 166 and selling Tata Global Beverage for a target of Rs 137.
Independent Technical Analyst Rakesh Gandhi advises selling Allahabad Bank for a target price of Rs 75.5 and Jindal Steel and Power for a target price of Rs 246.25.
Bhavin Shah, CEO at Equirus Securities advises to prefer Finolex Industries.
B Krishnakumar, head- equity research at fundsindia.com is of the view that Finolex Industries may test Rs 190.
According to Krish Subramanium of Asit C. Mehta, one may sell Glenmark Pharma with a target of Rs 507 and The Ramco Cements with a target of Rs 187.
Manav Chopra of Nirmal Bang advises buying Sun TV Network for a target price of Rs 470 and Future Retail for a target price of Rs 88.