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
Ashwani Gujral of ashwanigujral.com advises buying Asian Paints with a target of Rs 1410.
Mitessh Thakkar of mitesshthakkar.com suggests buying Havells India with a stop loss below Rs 562 and target of Rs 595, PVR around Rs 1400 with stop loss of Rs 1379 and target of Rs 1450 and Repco Home Finance with a stop loss of Rs 576 and target of Rs 620.
Rajesh Agarwal of AUM Capital recommends buying PNB Housing Finance with stop loss at Rs 1160 and target of Rs 1228, GAIL (India) with stop loss at Rs 352 and target of Rs 378 and Havells India with stop loss at Rs 560 and target of Rs 590.
On the upside, 10,820–10,840 are the levels to watch out for. On the flipside, 10,725 followed by 10,677 are likely to act as important support levels.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Can Fin Homes with stop loss at Rs 348 and target of Rs 333 and also sell Ceat with stop loss at Rs 1322 and target of Rs 1262 while one can buy Godrej Consumer Products with stop loss at Rs 1155 and target of Rs 1185.
Rajesh Agarwal of AUM Capital recommends buying Cummins India with stop loss at Rs 664 and target of Rs 694, GAIL India with stop loss at Rs 333 and target of Rs 355 and Kaveri Seed Company with stop loss at Rs 570 and target of Rs 596.
The stock has retraced marginally in the last two sessions and is now hovering around the support zone of multiple moving averages (100 and 200 EMA) on the daily chart, offering a fresh buying opportunity.
Rajat Bose of rajatkbose.com recommends buying Havells India with stop loss below Rs 534 for targets of Rs 546 and Rs 553 and a buy also on Varun Beverages with stop loss below Rs 712.90 and targets are Rs 738 and Rs 750.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Wipro, Divis Labs, HDFC Bank, Bajaj Finserv and LIC Housing and can sell Cummins India and Engineers India.
Prakash Gaba of prakashgaba.com is of the view that Ambuja Cements can slide to Rs 228 while Cipla may test Rs 552.
Krish Subramanyam, Co-Head, Equity Advisory at Altamount Capital suggests buying GAIL India 460 Call while one can do a bear spread in Larsen & Toubro.
Prakash Gaba of prakashgaba.com is of the view that one can buy GAIL India and can short Hindalco Industries.
Mitessh Thakkar of miteshthacker.com recommends selling Cipla with a stop loss of Rs 590 and target of Rs 564 and advises buying NIIT Tech with a stop loss of Rs 854 and target of Rs 900.
As we are near the fag end of the earnings season and most of major corporate earnings already priced in, and no major event lined up in the offing, the market is likely to take cues from globe, according to experts.
Mitessh Thakkar of miteshthacker.com suggests selling Tata Chemicals and Pidilite Industries.
According to Manoj Murlidharan of Religare Securities, one can buy ITC, Bharti Airtel and GAIL India.
Prakash Gaba of prakashgaba.com is of the view that one can buy Bharat Financial Inclusion, GAIL India, NMDC and State Bank of India.
Godrej Agrovet, GAIL, pharma and auto, among others, are being tracked by analysts today.
Most of the high beta stocks saw strong momentum in the year 2017 and is finding favour in the year 2018 as well. But, will it work every time? Well, analysts are of the view that out-of-favor stocks have beaten the benchmark in the last 10 years.
Prakash Gaba of prakashgaba.com is of the view that one may hold Gail India for long term.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Cummins India and RCF and can hold Reliance Industries.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Amara Raja Batteries, Gail India and Suprajit Engineering.
According to Sudarshan Sukhani of s2analytics.com, one may buy Tata Chemicals, Tech Mahindra, Gail, Zee Entertainment and Voltas.
Citi said it has maintained Indraprastha Gas as its preferred long-term pick and Gujarat State Petronet remained its preferred near-term pick while it stayed constructive on Gujarat Gas & Petronet LNG. However, it has a sell call on Mahanagar Gas.
Mitessh Thakkar of mitesshthakkar.com recommends buying Steel Authority of India with a stop loss of Rs 81.50 and target of Rs 87, ICICI Prudential Life Insurance above Rs 398, with stop loss of Rs 391 and target of Rs 414 and a buy also on Idea Cellular with a stop loss of Rs 96 for target of Rs 103.