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
Post Q2FY21, ICICI Direct marginally revised its FY21-22 estimates and introduce FY23 estimated numbers. Going forward, it expects Nifty earnings to grow at 17.5 percent CAGR in FY20-23.
HDFC Securities maintained positive outlook on IT sector despite the sector recently re-rating to +2-standard deviations (SD) valuations.
Various measure taken by the government and ‘unlocking ‘ of the economic activity has made brokerages confident of an economic recovery and they have been upgrading stocks.
Now, the base seems to have shifted higher from 9,700 to 10,000 and here a breach of 10,000 would again apply brakes on the optimism.
Bollinger band used to analyze volatility breakout is almost flat suggesting sideways movement. At the same time volatility index, VIX has closed below 16 marks further adding to the range bound movement thesis.
Jhunjhunwala buys shares through his company Rare Enterprises, his own or wife Rekha’s name as well as in the name of Rakesh Radheshyam Jhunjhunwala.
PE multiple is widely used as a valuation tool that helps in screening a stock on a relative basis.
Only 15 of nearly 30 companies in Jhunjhunwala’s portfolio released their shareholding data for the quarter-ended June till now. Of the 14 companies, only two have delivered positive returns.
Friday’s move again brought the indices into the erstwhile trading range. Hence, sustaining above 10,700 kind of levels markets may once again remain sideways and volatile without any price damage.
With a healthy dividend payout and becoming net long term debt free company, we believe FSL could witness a massive upside going ahead. We are recommending a buy.
Higher crude oil prices will definitely dampen the fiscal deficit and inflation will rise. But despite all this hiccups we strongly believe Indian rural economy is a growth drive in this case
With monsoon set to arrive on time, the coming week will be extremely important for investors and the market alike.
Ashwani Gujral of ashwanigujral.com suggests buying Punjab National Bank, Bank of Baroda and Canara Bank.
After the recent correction, valuations of Indian market have come down to a reasonable level which should give motivation to investors to accumulate quality stocks on declines.
In an interview to CNBC-TV18, Mehraboon J Irani of Gini Gems Consultants shared his readings and outlook on the market, specific stocks and sectors.
Rajat Bose of rajatkbose.com recommends buying Firstsource Solutions with a stop loss below Rs 52.50 for targets of Rs 57.50 and Rs 59 and Godrej Agrovet with a stop loss below Rs 677 for targets of Rs 689 and Rs 696.
Sameet Chavan of Angel Broking suggests buying MCX India with a target of Rs 855.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Firstsource Solutions and Future Lifestyle and can sell Dish TV.
Mitessh Thakkar of miteshthacker.com recommends buying Britannia Industries with stop loss of Rs 4785 for target of Rs 5000 and Infosys with a stop loss of Rs 1144 for target of Rs 1190.
Rajat Bose of rajatkbose.com recommends buying V-Guard Industries and Firstsource Solutions.
Going forward, we expect the market to consolidate and form a good base in the range of 10300–10600. However, we believe this consolidation will make markets healthier and offer an incremental buying opportunity.
Vijay Chopra of enochventures.com suggests buying Hindusthan Zinc with a target of Rs 310.
Vishal Malkan of malkansview.com suggests buying Arvind with a target of Rs 425.
Rajat Bose of rajatkbose.com is of the view that one may hold Firstsource Solutions.
Vijay Chopra of enochventures.com advises exiting Firstsource Solutions.