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
Rajesh Agarwal of AUM Capital recommends buying Cholamandalam Investment with stop loss at Rs 1039 and target of Rs 1100, Adani Ports with stop loss at Rs 309 and target of Rs 330 and GSFC with stop loss at Rs 85 and target of Rs 94.
The rupee depreciation year-to-date and in last one month was so sharp that net importers of commodities are likely to hit badly as they have to shell out more money to buy their products.
Sudarshan Sukhani of s2analytics.com suggests buying Hindalco Industries with a stop loss of Rs 227 and target of Rs 236, Cipla with a stop loss at Rs 648 and target of Rs 675 and TCS with a stop loss at Rs 2035 and target of Rs 2100.
Mitessh Thakkar of mitesshthakkar.com recommends buying Axis Bank with a stop loss of Rs 568 and target of Rs 588, Balkrishna Industries with a stop loss of Rs 1240 and target of Rs 1305 and Cummins India with a stop loss of Rs 680 and target of Rs 750.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Ashok Leyland with a stop loss of Rs 118, target of Rs 126 and can sell HDFC with a stop loss of Rs 1945, target of Rs 1890 and Larsen & Toubro with a stop loss of Rs 1300, target of Rs 1240.
Ashwani Gujral of ashwanigujral.com suggests selling Sun TV with a stop loss of Rs 785, target of Rs 760, BEML with a stop loss of Rs 810, target of Rs 775 and GSFC with a stop loss of Rs 104, target of Rs 92.
Vinay Rajani of HDFC Securities is of the view that one can sell Aurobindo Pharma with target at Rs 485 and stop loss at Rs 570, a sell in Muthoot Finance with target at Rs 350 and stop loss at Rs 395 and a buy in Cholamandalam Investment with target at Rs 1,700 and sto loss at Rs 1,490.
Rajesh Agarwal of AUM Capital recommends buying Infosys with stop loss at Rs 1197 and target at Rs 1246, a buy in Coal India with stop loss at Rs 274 and target of Rs 288 and a buy also in Housing Development Finance Corporation with stop loss at Rs 1775 and target at Rs 1845.
"We expect a target of Rs 180 based on SOTP valuation (11x FY19 earnings + investment value of Rs 40 per share after 40 percent holding company discount) in next 12-15 months," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
Domestic bourses would remain volatile on news flow about state elections in Karnataka, Madhya Pradesh, and Chattisgarh.
“If the monsoon predictions are accurate, the agricultural sector is set for a boost. Rain vs Food inflations although are not so directly related deficient rainfall should theoretically result in lower crop output and drive up prices due to a demand-supply mismatch,” Ritesh Ashar – Chief Strategy Officer (CSO), KIFS Tarde Capital told Moneycontrol.
On shorter time frame, the levels 10,550 levels may act as near term hurdle i.e. 50 percent Retracement level, says Rajesh Agarwal, Head of Research at AUM Capital Markets.
Here is a list of top 10 stocks from different experts which are likely to see the direct or indirect impact of the rise in crude oil prices.
"The Index has formed 'Bearish Belt Hold' candlestick pattern indicating downfall to continue in near term. It is heading towards 10,127 levels which is the 200 Simple Moving Average (SMA) which might work as immediate support zone," says Rajesh Agarwal of AUM Capital.
Prakash Gaba of prakashgaba.com is of the view that one can buy Godrej Consumer and GSFC.
Manoj Murlidharan of Religare Securities recommends buying ITC, India Cements and GSFC.
Ashwani Gujral of ashwanigujral.com is of the view that Jubilant Food is likely to rally to Rs 2,350 while NIIT Technologies may test Rs 700.
Watch the interview of SP Tulsian of sptulsian.com with Latha Venkatesh, Anuj Singhal, and Sonia Shenoy of CNBC-TV18, where he shared his readings and outlook on the fundamentals of the market, and specific stocks and sectors.
Ashwani Gujral of ashwanigujral.com recommends buying Delta Corp with a stop loss of Rs 312, target of Rs 328 and GSFC with a stop loss of Rs 154, target of Rs 168.
Ashwani Gujral of ashwanigujral.com recommends buying Jubilant Life Sciences, Mindtree and IDFC Bank.
Ashwani Gujral of ashwanigujral.com recommends buying DB Realty with a stop loss of Rs 54, target of Rs 66 and KEC International with a stop loss of Rs 378, target of Rs 395
Prakash Gaba of prakashgaba.com advises buying Berger Paints, SRF and GSFC.
According to Prakash Gaba of prakashgaba.com, the crucial support for the Nifty is at 10300-10260-10200 and the resistance is at 10350-10410. Bank Nifty on the other hand has support at 25600 and resistance at 26000.
Ashwani Gujral of ashwanigujral.com suggests buying BEML, Future Consumer and GSFC.
Analysts were expecting some sort of bounce back which has come considering the fact benchmark indices were trading near crucial support levels.