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
Momentum Oscillator like RSI and MFI has witnessed trendline breakout indicates higher possibility of a sharp rise in the Globus Spirits stock prices in the coming days.
The biggest beneficiaries would be the infrastructure segment, capital goods, real estate, railways, power, fintech, agriculture, defence and banks, say experts. One of them said the Budget will be negative for the entire PSU and PSU bank space since there were no major announcements on divestments.
Nandish Shah of HDFC Securities believes that short-term trend of the Nifty is weak. Therefore, his advice is to remain cautious till the Nifty closes above the 17,250 levels.
Increased prices of beverages and wider acceptability of alcohol drinks in social circles have driven investor sentiment in the stock of the company, which posted strong results.
Nifty Midcap and Smallcap indices outperformed on June 7 by gaining 1.2 percent and 1.5 percent, respectively. Nandish Shah of HDFC Securities believes there is still some upside for the stocks in this space
Rajesh Agarwal of AUM Capital recommends buying Dhampur Sugar with stop loss at Rs 140 and target of Rs 155, Globus Spirits with stop loss at Rs 198 and target of Rs 220 and Bharat Petroleum Corporation with stop loss at Rs 358 and target of Rs 375.
Stocks like Radico Khaitan, Globus Spirits, GM Breweries, Empee Distiller, Som Distilleries and Tilaknagar Industries surged anywhere between 5 percent and 15 percent from previous close.
Vishvesh Chauhan of Monarch Networth Capital is of the view that one may buy Andhra Sugar with a target of Rs 650.
Ruchit Jain of Angel Broking is of the view that one may buy India Cements with a target of Rs 205.
Sudarshan Sukhani of s2analytics.com suggests buying Mahindra and Mahindra, Infosys and HDFC and advises selling Cummins India and CESC.
Krish Subramanyam of Altamount Capital suggests buying Tata Steel 480 Put and sell 450 Put.
Rajat Bose of rajatkbose.com is of the view that one can buy Globus Spirits while Mahindra and Mahindra may head lower.
Rajat Bose of rajatkbose.com feels that United Spirits may move to Rs 2460-2510.
SP Tulsian of sptulsian.com shares why he is bullish on Globus Spirit and Radico Khaitan. He also runs through key highlights of the Reliance Communications AGM and lists two drug stocks he is interested in.
Stocks expected to gain are Sundram Fast, J&K Bank, Adani Ports, Aptech, PFC, Jubilant Life, Natco Pharma, Nitesh Estates, Globus Spirits and Emco, while stocks expected to be under pressure are Lupin, United Bank, Uco Bank, IOB, JK Tyre, Concor, Patel Integrated, Anuh Pharma, Gokaldas Exports, Kennametal, Indag Rubber, Huhtamaki PPL.
Sameet Chavan of Angel Broking is of the view that Globus Spirits has resistance at around Rs 90-92.
According to Sanjeev Agarwal, CEO of Dynamix Research & Capital Management, it is not a good idea to hold Globus Spirits for a very long-term.
Globus Spirits may slip to Rs 110, says SP Tulsian, sptulsian.com.
Globus Spirit can test Rs 149, says Keval Bhanushali of Keynote Capital
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Globus Spirits has intraday target of Rs 150, says Keval Bhanushali of Keynote Capital.
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