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
Morgan Stanley expects Sensex earnings growth of 23 percent YoY in FY19 and 24 percent YoY in FY20.
These include names such as IOC, BPCL, Hero MotoCorp, Shree Cements, Ambuja Cements, Havells India, HPCL, ACC, Exide Industries, IGL, and Amara Raja Batteries.
Sudarshan Sukhani of s2analytics.com suggests selling Bharti Infratel with stop loss at Rs 270 and target of Rs 261, IRB Infra with stop loss at Rs 178 and target of Rs 168 and Jet Airways with stop loss at Rs 270 and target of Rs 255.
Mitessh Thakkar of mitesshthakkar.com suggests buying Balrampur Chini with a stop loss of Rs 76 and target of Rs 81, Bosch with a stop loss of Rs 20,900 and target of Rs 22,000 and Cadila Heathcare with a stop loss of Rs 412 and target of Rs 445.
Ashwani Gujral of ashwanigujral.com suggests buying Dr Reddy's Labs with a stop loss of Rs 2470, target of Rs 2550, NIIT Tech with a stop loss of Rs 1395, target of Rs 1430 and Bank of Baroda with a stop loss of Rs 148, target of Rs 160.
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 suggests buying Interglobe Aviation with a stop loss of Rs 1069 and target of Rs 1124, Oriental Bank of Commerce with a stop loss of Rs 79.5 and target of Rs 86 and Pidilite Industries with a stop loss of Rs 1129 and target of Rs 1180.
Rajesh Agarwal of AUM Capital recommends buying Sun TV Network with stop loss at Rs 804 and target of Rs 825, Godawari Power with stop loss at Rs 449 and target of Rs 490 and VIP Industries with stop loss at Rs 534 and target of Rs 575.
"Last week, the index was able to reclaim 11,350 on a closing basis," experts said
In the Friday's trading session Nifty hit a record high of 11,283.40 and Sensex touched a record high at 37,368.62.
The carnage in midcap and smallcaps is a buying opportunity in select stocks
Ashwani Gujral of ashwanigujral.com recommends buying Asian Paints with a stop loss of Rs 1380, target of Rs 1420 and KPIT Tech with a stop loss of Rs 296, target of Rs 311.
We feel traders shouldn’t miss this chance and accumulate fresh long in the range of Rs 555-560 for target of Rs 590, says Jayant Manglik of Religare Broking.
Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a loss of 5.5 points or 0.05 percent. Nifty futures were trading around 10,943- level on the Singaporean Exchange.
We recommend a stock-specific trading approach in such a scenario. Since stocks are trading volatile, keeping positions on both the long and short side are advisable, says Jayant Manglik of Religare Broking.
Rajesh Agarwal of AUM Capital recommends buying Tech Mahindra with stop loss at Rs 649 and target of Rs 667, NTPC with stop loss at Rs 152 and target of Rs 161 and Yes Bank with stop loss at Rs 373 and target of Rs 387.
We interpret this as a good buying opportunity for a near-term target of Rs. 597. Traders can keep their stop losses placed below Rs.549, says Sameet Chavan of Angel Broking.
The Nifty has been hitting higher lows for the last 9 trading sessions, with supports are gradually shifting higher, which is a bullish sign.
Mitesh Thacker of miteshthakkar.com suggests buying Havells India with a stop loss of Rs 556 and target of Rs 585 and Reliance Industries with a stop loss of Rs 1014 and target of Rs 1090.
Mitessh Thakkar of mitesshthakkar.com suggests buying Havells India with a stop loss below Rs 562 and target of Rs 595, PVR around Rs 1400 with stop loss of Rs 1379 and target of Rs 1450 and Repco Home Finance with a stop loss of Rs 576 and target of Rs 620.
Rajesh Agarwal of AUM Capital recommends buying PNB Housing Finance with stop loss at Rs 1160 and target of Rs 1228, GAIL (India) with stop loss at Rs 352 and target of Rs 378 and Havells India with stop loss at Rs 560 and target of Rs 590.
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.
At a time when most companies are struggling to show a consistent track record of growth, these 13 stocks are priced to perfection at current levels in comparison to return on capital employed (RoCE).
We recommend traders to go short in a range of Rs 537 to Rs 547 with a price target of Rs 485. Stop loss should be placed at Rs 579 on a closing basis, says Aditya Agarwal of Way2Wealth Brokers.
The Nifty is trading in a range of 10,700 – 10,900 zones and due to such range bound activities daily Bollinger band has contracted further. Hence, we are likely to see a high volatility in coming trading sessions, says Aditya Agarwal of Way2Wealth Brokers.