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
Traders can buy the stock in dips around Rs 550-552 with a stop loss below Rs 535 for a target of Rs 582, says Abhishek Mondal of Guiness Securities.
Immediate support is seen around 10,700 and 10,600, whereas 10,900 and 11,000 will act as a hurdle before June expiry.
"Thus, the stock can be bought at current level and on dips to Rs 556 with a stop loss below Rs 545 and a target of Rs 620 levels," says Ashish Chaturmohta of Sanctum Wealth Management.
"The immediate resistance for the Nifty is placed at 10,735. If the index crosses above this level then the next target is seen at 10,800-10830," says Ashish Chaturmohta of Sanctum Wealth Management.
Rajesh Agarwal of AUM Capital recommends buying RBL Bank with stop loss at Rs 514 and target at Rs 533, Larsen & Toubro with stop loss at Rs 1350 and target at Rs 1408 and Mahindra & Mahindra Financial Services with stop loss at Rs 485 and target at Rs 519.
“Buy-on-dips strategy is advised for the next leg of Nifty’s upmove towards 10,780 levels,” says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management
Rajesh Agarwal of AUM Capital recommends buying Havells India, Tata Motors and State Bank of India.
Rajat Bose of rajatkbose.com recommends buying Havells India with stop loss below Rs 534 for targets of Rs 546 and Rs 553 and a buy also on Varun Beverages with stop loss below Rs 712.90 and targets are Rs 738 and Rs 750.
We expect some amount of consolidation at current levels with individual sector and stock rotation depending on further news flow emanating from quarterly results during the month, says Vikas Jain, Sr. Research Analyst at Reliance Securities.
"In case of any decline, the stock will find strong support around its 200-day EMA. Thus long position can be initiated here for the target of Rs 592 with a stop loss of Rs 510," says Vikas Jain, Senior Research Analyst at Reliance Securities.
Rajesh Agarwal of AUM Capital recommends buying Yes Bank with target at Rs 365 and stop loss at Rs 341, a buy on Tata Steel with target at Rs 589 and stop loss at Rs 569 and a buy also on Wockhardt with target at Rs 810 and stop loss at Rs 780.
Here is a list of top 10 high growth stocks which are available at reasonable valuations based on a report from Morgan Stanley.
“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.
"We believe at current valuations, Havells India is fairly priced and has already discounted future growth. At current market price, we expect moderate upside unless there is some buoyant growth and improvement in margin profile," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
Here is a list of top 12 wealth-creating ideas by experts with a time horizon of next 2-3 years.
“Nifty is likely to get into a consolidation in the price band of 10,250 to 10,320 before next leg of up-move. Trade with positive bias.” says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management Ltd.
The consolidation is likely to continue for next 3-4 months. In fact, the entire calendar year is expected to be tough.
Prakash Gaba of prakashgaba.com suggests shorting Bank of Baroda and Havells India.
Rakesh Bansal of RK Global advises buying Capital First with a target of Rs 669.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Bosch and can buy Havells India, ITC and Maruti Suzuki and can hold Bharti Airtel.
Yogesh Mehta, VP-Equity Advisory at Motilal Oswal recommends buying Pidilite Industries, Sun TV Network and Havells India.
Sudarshan Sukhani of s2analytics.com suggests buying Britannia Industries, Havells India and IndusInd Bank.
Rajat Bose of rajatkbose.com recommends buying Sun TV, Havells India, Aurobindo Pharma and Mahanagar Gas.
Jay Thakkar of Anand Rathi Securities is of the view that one may buy NIIT Technologies with a target of Rs 862.
Chandan Taparia of Motilal Oswal Securities is of the view that one can buy Indiabulls Housing Finance and Hexaware Tech and can sell Havells India.