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 recommends buying Mahindra & Mahindra with stop loss at Rs 820 and target of Rs 850, a buy in Mindtree with stop loss at Rs 1020 and target of Rs 1065 and a buy also in Godrej Consumer Products with stop loss at Rs 1090 and target at Rs 1135.
Rajesh Agarwal of AUM Capital recommends buying Indraprastha Gas with stop loss at Rs 256 and target at Rs 276, a buy in Motherson Sumi Systems with stop loss at Rs 313 and target at Rs 333 and a buy also in ICICI Prudential Life Insurance with stop loss at Rs 398 and target at Rs 423.
Rajat Bose of rajatkbose.com is of the view that one can buy Mindtree and Bharat Financial Inclusion and can sell Godrej Consumer Products.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Godrej Consumer Products and can sell Karnataka Bank and Hindalco Industries.
We expect any bounce back to be mild and short-lived since any retracement will be utilized by lead players who will further jump and cap upside.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy IGL and Godrej Consumer and can sell Century Textiles and Ajanta Pharma.
The Nifty metal Index was down over 2 percent after dragged by stocks like NALCO, JSW Steel, Jindal Steel & Power, Vedanta, Hindalco Industries, NMDC and Coal India.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Reliance Infrastructure and UPL and can buy Godrej Consumer Products.
Ashwani Gujral of ashwanigujral.com recommends buying NCC with a stop loss of Rs 126, target of Rs 138 and Indraprastha Gas with a stop loss of Rs 300, target of Rs 315 while he advises selling IDBI Bank with a stop loss of Rs 76, target of Rs 68, Canara Bank with a stop loss of Rs 300, target of Rs 285 and Axis Bank with a stop loss of Rs 546, target of Rs 524.
Mitessh Thakkar of miteshthacker.com recommends buying Bharat Electronics with a stop loss of Rs 151.50 for target of Rs 164, Can Fin Homes with a stop loss of Rs 528 for target of Rs 560 and Godrej Consumer Products with a stop loss of Rs 1063 and target of Rs 1095.
Ruchit Jain of Angel Broking advises buying Godrej Consumer with a target of Rs 1091.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell CG Power and can buy Godrej Consumer.
Prakash Gaba of prakashgaba.com is of the view that one can buy Godrej Consumer and GSFC.
If Nifty manages to hold 10,270 levels, we may expect the index to consolidate. The immediate and strong hurdle for Nifty is placed around 10620, and any close above the same will lead to strong short covering in the index.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy United Breweries and can sell Vedanta.
Rakesh Bansal of RK Global is of the view that one may buy Bank of Baroda with a target of Rs 183.
Vishvesh Chauhan of Monarch Networth Capital recommends buying Minda Industries with a stoploss at Rs 1250 and target of Rs 1350, a buy on Godrej Consumer with a stoploss at Rs 1006 and target of Rs 1090 and a buy also on GE T&D with a stoploss at Rs 408 and target of Rs 460.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Godrej Consumer Products, Kotak Mahindra Bank, Wockhardt and Jubilant Lifesciences and can hold TCS and Adani Power.
Idea, Motherson Sumi and Oil and gas, among others, are on the radar of investors on Friday.
Shahina Mukadam, Independent Market Expert is of the view that one may hold Godrej Consumer Products.
Ashish Kyal of Waves Strategy Advisors is of the view that one may buy SAIL with a target of Rs 87.40.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Godfrey Phillips with a stop loss of Rs 990 for target of Rs 930 and buy Godrej Consumer with a stop loss of Rs 980 for target of Rs 1050.
Rakesh Bansal of RK Global advises buying Compuage Infocom with a target of Rs 75.
L&T, Godrej Consumer and Pharma, among others, are on investors’ radar on Wednesday.
Mitessh Thakkar 0f mitesshthakkar.com is of the view that one may buy Bharat Financial and Godrej Consumer.