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 is of the view that one can buy Infosys, Havells India, Mahanagar Gas and Bosch and can sell Capital First.
Hemant Thukral of Aditya Birla Money recommends buying Jubilant Foodworks and Havells India.
Prakash Gaba of prakashgaba.com advises buying Berger Paints, SRF and GSFC.
Credit Suisse increased its earnings estimates for Jubilant Foodworks, Crompton Consumer, Nestle and GSK Consumer.
While retaining buy call on IndusInd Bank with a target price at Rs 2,060, CLSA said it sees 25 percent earnings CAGR over FY17-20 with return on equity of 18-19 percent.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Cummins India and buy Power Finance Corporation.
The Goods and Services (GST) Council, which met in Guwahati for a 2-day meet starting Thursday of last week, has decided to keep only 50 luxury and 'sin' goods like tobacco in the highest slab.
Mitessh Thakkar of miteshthacker.com has a buy on Andhra Bank with a stop loss of Rs 61 for target of Rs 67.50 and a sell on Cadila Healthcare with a stop loss of Rs 472.50 for target of Rs 445.
The 2-day GST council meeting is underway and the outcome is expected on Friday.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Cadila Healthcare, Bharat Forge, Havells India and Bata India and advises holding Reliance Industries.
HCL Technologies, Havells India and Wockhardt are on the radar of Reliance Securities
DBL has increased its market share from 8% in FY14 to 11% in FY17, its volume has grown at 23% CAGR Vs 4% of industry over last 5 years. We expect DBL's revenue to grow at 14% CAGR and margins to improve by 70bps over FY17-19E, leading to 55% CAGR in PAT.
Jay Thakkar of Anand Rathi Securities advises buying BF Utilities with a target of Rs 516.
HSBC has maintained its buy rating on Havells but reduced target price to Rs 580 (from Rs 585) as it feels demand recovery is likely to be a slow.
Technical Analyst Ashwani Gujral has buys on IGL, Tata Steel and PVR while Mitessh Thakkar has buys on Grasim and GMR Infra and has sell calls on Dish TV and IOC.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Federal Bank, National Aluminium Company and Torrent Power and can sell Maruti Suzuki and Bank of Baroda.
The Nifty on Friday hit a fresh record high of 10,179.15, backed by banks as the Bank Nifty added 1.53 percent, up 372.30 points. The charge was largely led by Bank of India, Kotak Mahindra Bank and Canara Bank which were up over 2 percent each.
Bank Nifty was the top performing sector which was up 1.32 percent led b y ICICI Bank and Bank of India while on the other hand, from the midcap space, Havells India added 2.28 percent while Power Finance Corporation was up over 3 percent.
Reliance Industries and Tata Steel hit new 52-week high while Bharti Airtel zoomed over 6 percent. Avenue Supermarts, Bharat Financial Inclusion, Dabur India, Havells India and JSPL were the other stocks which hit 52-week high in the Nifty.
Ashwani Gujral of ashwanigujral.com recommends buying Edelweiss Financial Services, Jindal Steel & Power, Sundram Fasteners, Hindalco Industries and Havells India.
Back in August and early September on multiple occasions, Nifty had faced resistance around supply point of 9,930-9,990.
Mitessh Thakkar of miteshthacker.com suggests buying Havells India and Hindustan Unilever.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can sell Can Fin Home and Cummins India and can buy Bharti Infratel and Havells India.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Arvind, Havells India and L&T Finance Holdings and can sell Oriental Bank of Commerce.
Jay Thakkar of Anand Rathi Securities advises buying Greaves Cotton with a target of Rs 142.75.