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
Here's what Karan Pai of GEPL Capital, recommends investors should do with these stocks when the market resumes trading today.
The final/official list of large, mid and small-caps will be released by AMFI by the first week of January 2021, which will be effective for the February-to-July 2021 period.
Amid rising complexity, Jefferies preferred to maintain hold rating on Future Retail.
Buy Future Retail around Rs 490 with stop loss of Rs 458 for the target of Rs 550 marks.
A breakout is expected to come only above 10,520-10,540 zone from where it can extend up to 10,750 & 10,850 levels.
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.
The Nifty has immediate support at 11,580 levels, holding above it, expect rally to continue towards 11,845 levels, says Ashish Chaturmohta of Sanctum Wealth Management.
"At current market price of Rs 560, the stock is valued at a P/E of 46x which is at a significant discount to its immediate listed peer. We expect a target of Rs 736 by FY19 end which implies an upside of 31 percent," says Akash Jain, Vice President - Equity Research at Ajcon Global.
Fall in crude prices and rupee against the dollar would bring some respite to investors
Rajesh Agarwal of AUM Capital recommends buying Indian Oil Corporation with stop loss at Rs 164 and target at Rs 174, a buy on Ujjivan Financial Services with stop loss at Rs 398 and target at Rs 417 and a buy also in Adani Transmission with stop loss at Rs 164 and target at Rs 176.
Nifty and Bank Nifty both continue to remain in the Lower Top Lower Bottom structure. Nifty is precariously poised above the 200-DMA of 10,100 while Bank Nifty too is managing to currently hold above its yearly mean of 24,500.
Going forward, Nifty has an immediate support near 10285 and if it sustains below this level will lead to a further correction towards 10210 and 10141 levels respectively.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy KPIT Technologies and Colgate Palmolive and can sell BEML and India Cements.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ajanta Pharma, Ashok Leyland and Colgate Palmolive and can sell Idea Cellular and Tata Motors.
The brokerage said that the firm had unveiled aggressive growth strategy and digital future and with disciplined execution, Future Retail could unlock a virtuous value creation journey.
Ashwani Gujral of ashwanigujral.com has a buy on Rain Industries with a stop loss of Rs 315, target of Rs 332, a buy on United Breweries with a stop loss of Rs 1090, target of Rs 1150 and a buy on Sun Pharma Advanced Research with a stop loss of Rs 410, target of Rs 435.
Sudip Bandopadhyay of Inditrade Capital is of the view that one can buy Future Retail even at current level with a one year view.
Nomura said Future Retail remained one of the key ideas in the India retail space and would be key beneficiary of growth revival in urban India.
Future Retail, Tata Steel and telecom, among others are being tracked by analysts on Tuesday.
Stocks which rose in the first six months of the financial year 2018 include socks like Indiabulls Ventures in the smallcap space led the rally, up 383 percent, followed by Toyam Industries which gained 368 percent, and HEG rose 333 percent.
A company which is forecasted to deliver a higher earnings is a good bet for your portfolio but at the same time investors should investigate whether economic conditions permit such kind of growth multiple.
The momentum indicator suggests a bearish sentiment among market participants with RSI at 47 slipping below its threshold.
L&T, DLF, MRF and Prestige Estates, among others, are being tracked by investors on Friday.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com in which he shared his readings and outlook on market and specific stocks.