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
HUL, HCL Tech and Tata Communications, among others, are being tracked by investors on Thursday.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Biocon, Cipla, HCL Technologies and LIC Housing Finance.
Bharat petroleum Corporation and Indiabulls Housing Finance which added over 2 percent each on the Nifty while a total of 142 stocks hit 52-week high in today's trade on the BSE Index.
The midcap Index which was again the outperformer, up 1.29 percent led by Jain Irrigation Systems and Jaiprakash Associates while Bajaj Auto, ICICI Lombard General Insurance Company, MphasiS and Vedanta were some of few stocks that hit 52-week high on the NSE.
The fall was largely aided by Reliance Industries which was down 0.68 percent. IndusInd Bank was the top Nifty loser down over 2 percent while Godrej Agrovet was the most active stock.
Bharti Infratel continued its dominant form from last week as the stock was the most active gainer in the Nifty, gaining over 2.47 percent followed by Vedanta and Tata Motors which were up 2.12 percent and 1.71 percent respectively.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Strides Shasun, Siemens and Jet Airways and can buy HCL Technologies and Britannia Industries.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Tech Mahindra, Motherson Sumi Systems and UltraTech Cement and can hold Jet Airways.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy PC Jeweller, HCL Tech, Ashok Leyland, Hindustan Unilever, Escorts and LIC Housing Finance and ,can sell Reliance Capital.
The index is likely to continue to head higher and it may scale up towards 10070-10140 in the coming week, says Rajesh Palviya, Head – Technical & Derivatives Analyst, Axis Securities.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy HCL Technologies, Yes Bank and Jubilant Foodworks.
According to Mitessh Thakkar of miteshthacker.com, one can buy HCL Technologies and Hindustan Zinc.
Sudarshan Sukhani of s2analytics.com is of the view that one may hold LIC Housing Finance.
Chandan Taparia of Motilal Oswal Securities advises buying HCL Technologies.
According to Prakash Gaba of prakashgaba.com, we are back into consolidation as expected with crucial support for the Index at 10028-9996 and the resistance at 10138-10150. On the other hand, Bank Nifty has support at 24800 and resistance at 25100.
Mitessh Thakkar of miteshthacker.com recommends buying HCL Technologies and IDFC.
According to Prakash Gaba of prakashgaba.com, 9740 is a very crucial support and breach of 9740 could bring in more selling while stiff resistance exists at 9912. He recommends buying Oil India while advises selling HCL Tech, Bharat Financial Inclusion and Hindalco Industries.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy RBL Bank while one can short HCL Technologies.
Buyback leads to a reduction of the number of shares outstanding on the market, which in turn increase the proportion of shares a company owns.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy TCS and sell Punjab National Bank and Ashok Leyland.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Century Textiles, HCL Tech and Jet Airways and can sell Berger Paints and Sun TV.
Mitessh Thakkar of miteshthacker.com recommends buying Indian Oil Corporation and HCL Technologies.
Ashwani Gujral of ashwanigujral.com suggests buying LIC Housing, HCL Technologies, Bajaj Finserv and Exide Industries.
Sudarshan Sukhani of s2analytics.com suggests buying HDFC, HDFC Bank, PC Jeweller, Bharti Infratel and Adani Ports and Special Economic Zone and advises selling Torrent Power and Ajanta Pharma.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy BEML, HCL Technologies, Titan Company and Engineers India and can sell Ramco Cements.