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
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Engineers India, NMDC and Deepak Fertiliser and can sell Godfrey Phillips and Mindtree.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy Bharat Forge and Century Textiles and can sell JSW Energy, Karnataka Bank and Godfrey Phillips.
Clarity on cigarette taxation boosts ITC, and other stocks like Godfrey Philips India and VST Industries. In an interview to CNBC-TV18, Abneesh Roy, Senior Vice President of Edelweiss Securities shared his views on the whole new goods and services tax (GST) taxation on ITC.
According to Prakash Gaba of prakashgaba.com, crucial support for Nifty exists at 9439 and the resistance is at 9560-9591. On the other hand, Bank Nifty has support at 23400 and resistance at 23400.
Mitessh Thakkar of miteshthacker.com is of the view that one can short Indiabulls Housing Finance.
Vishvesh Chauhan of Monarch Networth Capital is of the view that one may buy Godfrey Phillips India with a target of Rs 1400.
Mitessh Thakkar of miteshthacker.com recommends buying Aditya Birla Nuvo and Godrej Consumer and advises selling Zee Entertainment, Bata India and Glenmark Pharma.
According to Mitessh Thakkar of mitsshthakkar.com, one may buy Ashok Leyland and MMTC.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Adani Ports, DCB Bank and Bank of Baroda and can sell Interglobe Aviation and Arvind while he feels that Godfrey Phillips may test Rs 1550.
Ashwani Gujral of ashwanigujral.com recommends buying Sun TV Network, Godfrey Phillips India and City Union Bank..
Rajat Bose of rajatkbose.com recommends buying Godfrey Phillips, Escorts, United Spirits and DLF.
Ashwani Gujral of ashwanigujral.com recommends buying Godfrey Phillips, Dewan Housing, DCB Bank and Reliance Capital.
Ashwani Gujral of ashwanigujral.com recommends buying HDFC Bank and UPL and advises selling Bharti Airtel.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Uflex, Balkrishna Industries and Voltas.
Avinash Gorakshakar, Market Expert is of the view that one may prefer banking stocks.
Prakash Gaba of prakashgaba.com is of the view that one may hold Godfrey Phillips.
Markets have been on a weak footing lately but SP Tulsian of sptulsian.com raises hope that despite the headwinds indices might recover. "I am not saying that things are not looking bad but I think the market seems to have bottomed out," he tells CNBC-TV18 in an interview.
Sameet Chavan of Angel Broking recommends buying Just Dial with a target of Rs 492 and sell Glenmark Pharma with a target of Rs 860.
Rajat Bose of rajatkbose.com recommends buying Vedanta, Zee Entertainment Enterprises, Godfrey Phillips and Ipca Labs.
Rajat Bose of rajatkbose.com is of the view that one can buy Lupin, Cipla, Godfrey Phillips India and Escorts.
Ashwani Gujral of ashwanigujral.com recommends buying UltraTech Cement, Maruti Suzuki and Godfrey Phillips.
CNBC-TV18's analysts gives stocks to keep on your radar for trade today - stocks expected to be under pressure today are ABB India, IPCA Labs, State Bank of Travancore, Sun Pharma, ITC, Godfrey Phillips and VST Industries while the stocks expected to gain are Indiabulls Housing, Bharti Airtel, Shilcar Tech, Novartis India and Excel Crop Care.
Rakesh Bansal of RK Global is of the view that one can buy Asian Paints with a target of Rs 932 and advises selling Container Corporation with a target of Rs 1110.
Prakash Gaba, Technical Analyst at prakashgaba.com is of the view that Godfrey Phillips may test Rs 1425.
Sameet Chavan of Angel Broking is of the view that one may buy Dewan Housing Finance Corporation (DHFL) with a target of Rs 235.