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
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Dabur India, Glenmark Pharma, Adani Ports and DLF.
In an interview to CNBC-TV18's Anuj Singhal and Sonia Shenoy, SP Tulsian of sptulsian.com shared his reading and outlook on the market and also gave recommendations on various stocks.
In an interview with CNBC-TV18, market expert, SP Tulsian gave his stock picks and told why he is bullish on pharma stocks for the month of July.
CNBC-TV18's research team gives a list of top 10 stocks for the day. Stocks expected to gain are Glenmark, REC, PNB, Claris, Equitas Holdings, J Kumar Infra, Satin Credit Care while stocks expected to be under pressure are Bharat Forge, Sobha, Canara Bank, IDBI Bank, JBF Ind,HCL Infosystems and GM Breweries.
Macquarie that has outperform rating with a target price of Rs 1,140 on the stock, says GBR 1302 data in 2HFY17 will help validate BEAT platform and pave the way for a potential out-licensing deal in next 12 to 18 months.
In an interview with CNBC-TV18, market expert, SP Tulsian gave his stock picks for the day and talked about the listing of Mahanagar Gas on the Indian bourse.
In an interview with CNBC-TV18, market expert, SP Tulsian gave his stock picks and told why he has a positive stance on all pharma stocks for this coming month.
Brokerage houses do not see any major impact of Brexit on pharma companies' earnings. In fact they have not changed their views post Friday's event, saying companies may get impacted only by currency volatility globally. According to them, any EU impact will offset by US large exposure to the US.
I won‘t be surprised to see pharma as the story for July series and won‘t be surprised in seeing a big upsurge in all big pharma, said SP Tulsian.
SP Tulsian of sptulsian.com recommends going long in Lupin, Glenmark Pharma, Aurobindo Pharma and Strides Shasun.
Mitesh Panchal of Affluence Shares & Stocks is of the view that one may buy Glenmark Pharma with a target of Rs 800.
Gaurang Shah of Geojit BNP Paribas suggests exiting United Breweries.
Ashwani Gujral of ashwanigujral.com recommends selling Glenmark Pharma, Amara Raja Batteries and Bata India.
Rakesh Bansal, Vice President at R K Global is of the view that one can buy Tata Global Beverage and Mcleod Russel and short Strides Shasun and Glenmark Pharma.
CA Rudramurthy BV of Vachana Investments is of the view that one can sell Glenmark Pharma as the stock may test Rs 720.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy ITC and sell Bharat Petroleum Corporation.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Mahindra & Mahindra Financial Services and KPIT Technologies.
According to Rajat Bose of rajatkbose.com, Divis Laboratories and Glenmark Pharma are looking pretty weak.
Ashwani Gujral of ashwanigujral.com advises selling Glenmark Pharma and suggests buying Karnataka Bank and PTC India.
Sandeep Wagle of powermywealth.com is of the view that one may buy Dabur India and Kotak Mahindra Bank.
Digesh Shah of Veracity Fin is of the view that one may buy Tata Power Company with a target of Rs 76.
CA Rudramurthy is of the view that one may buy Balrampur Chini Mills with a target of Rs 119.
Amit Harchekar of A Plus Analytics recommends buying Raymond and Radico Khaitan and advises shorting Glenmark Pharma.
Mehraboon Irani of Nirmal Bang Securities is of the view that one can buy Sun Pharma at around Rs 750.
Here are a few stocks picked up by CNBC-TV18's analysts to keep on your radar for trade today. We have IDBI, Granules, BPCL, HPCL, IOC, Axis Bank, Coal India, Tata Power, NTPC, Glenmark Pharma, Britannia and Vakrangee.