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
Bollinger band used to analyze volatility breakout is almost flat suggesting sideways movement. At the same time volatility index, VIX has closed below 16 marks further adding to the range bound movement thesis.
Earnings growth for FY20 will get better by H2FY20 led by positive lag-effect of reforms,” says Vinod Nair, Head Of Research at Geojit Financial Services
Here are the top 10 stocks from brokerages which could give up to 60 percent returns
CLSA, IDBI Capital and Prabhudas Lilladher have raised their price targets on the stock.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries with a stop loss of Rs 1100, target of Rs 1175, Hindustan Unilever with a stop loss of Rs 1740, target of Rs 1775 and Axis Bank with a stop loss of Rs 670, target of Rs 695.
Sudarshan Sukhani of s2analytics.com recommends buying HDFC Bank with stop loss at Rs 2100 and target of Rs 2140, Reliance Industries with stop loss at Rs 1115 and target of Rs 1150 and LIC Housing Finance with stop loss at Rs 480 and target of Rs 495.
Elara said NBFCs are expected to bear the brunt of tightening liquidity, down 18.6 percent YoY, whereas banks would benefit, up 69 percent YoY, due to improving credit deposit ratios and improvement in pricing power, given the stress in the NBFC space.
For next week, Nifty has strong support at 10,730-10,650 levels and resistance at 10,870-10,940 levels
We expect the Nifty earnings to grow at a CAGR of ~20 percent between FY19-21 and the economic fundamental is likely to improve further, says Sundar Muthukrishnan of Elara Capital
A glance at the list reveals that Asian Paints outperformed the Sensex in 9 out of the last 10 years.
Aarti Industries, Bajaj Finance, Biocon and HDFC Bank, among others, feature in the list of 11 stocks that gave positive, double-digit return in the past four years in BSE 500 stocks list.
Prakash Gaba of prakashgaba.com recommends buying BEL with target at Rs 92 and stop loss at Rs 87 and BEML with target at Rs 950 and stop loss at Rs 910.
Mitessh Thakkar of mitesshthakkar.com recommends buying Escorts with a stop loss of Rs 706 and target of Rs 745, HDFC with a stop loss of Rs 1982 and target of Rs 2060 and HDFC Bank with a stop loss of Rs 2132 and target of Rs 2185.
Emkay believes that HDFC Bank will continue to command premium valuations, given its strong franchisee, healthy capital adequacy and quality management profile.
Breaking below 10,750 levels could lead to pressure in the market, says Ashish Chaturmohta of Sanctum Wealth Management.
Mitessh Thakkar of mitesshthakkar.com recommends buying Cummins India with a stop loss of Rs 812.5 and target of Rs 865, Mahanagar Gas with a stop loss of Rs 875 and target of Rs 950 and Power Grid with a stop loss of Rs 188 and target of Rs 202.
HDFC Bank remains UBS' preferred pick and it sees 26 percent CAGR earnings over FY18-21.
We recommend buy on the stock with a target price of Rs 2,420 per share.
Traders can sell the stock in the range of Rs 2080-2090 for the target of Rs 1980 and a stop loss above Rs 2141, says Rupak De of Bonanza Portfolio.
Sudarshan Sukhani of s2analytics.com suggests buying L&T Finance Holdings with stop loss at Rs 137 and target of Rs 142, ICICI Bank with stop loss at Rs 353 and target of Rs 363 and TCS with stop loss at Rs 1950 and target of Rs 2030.
Rajesh Agarwal of AUM Capital recommends buying L&T Finance Holdings with stop loss at Rs 134and target of Rs 146, Godfrey Phillips with stop loss at Rs 914 and target of Rs 965 and Vadilal Industries with stop loss at Rs 548 and target of Rs 590.
Nifty is likely to trade in the range of 10,480-10,800 in the coming week with a positive bias and dips should be used for buying until 10,480 holds, says Manali Bhatia of Rudra Shares & Stock Brokers
Valuation of the broad market continues to be on the higher side and needs to settle as earnings growth is likely to downgrade further, says Vinod Nair of Geojit Financial Services.
Sudarshan Sukhani of s2analytics.com advises buying Reliance Industries with a target of Rs 1132.
Sudarshan Sukhani of s2analytics.com suggests buying Eicher Motors with stop loss at Rs 22000 and target of Rs 23400, HDFC Bank with stop loss at Rs 1940 and target of Rs 1980 and State Bank of India with stop loss at Rs 285 and target of Rs 315.