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
Investors look at the dividend yield to ensure a certain amount of return on their investment, even if share prices remain subdued. However, not all of them are attractive
Experts point out that the rabi season ended largely on expected lines and at present, it appears the kharif crop is unlikely to be affected and may see a normal season.
The timely onset of the monsoon season from June 1 and the likely normal rainfall projects a strong outlook for the kharif sowing season, which is critical at such a challenging time.
The Nifty Auto Index has corrected by about 21 percent in the past two months, compared to an18 percent decline in the Nifty.
If we observe the daily chart, Nifty is gyrating within the boundaries of a ‘rising wedge’ pattern and we are approaching the ‘apex’ point now.
Hence every expert on the street advised buying quality stocks in a gradual manner instead of bulk purchases and waiting for the market bottom which no one has found yet in the history.
For the listed universe (around 2,500 companies), sales grew 0.7 percent YoY while profit grew 9.8 percent YoY, it said.
Prakash Gaba of prakashgaba.com recommends buying Balkrishna Industries with target at Rs 1180 and stop loss at Rs 1143 and Bharti Airtel with target at Rs 582 and stop loss at Rs 554.
A reduction in personal income tax will lead to higher consumption and will be positive for many sectors, especially autos and consumers, said experts.
Mitesh Thakkar of miteshthakkar.com advises selling ITC with a stop loss of Rs 239 and target of Rs 226.
Global markets due to Christmas break are expected to be rangebound and sideways. We can see a divergence in RSI which will be another major hindrance for the continuation of this momentum.
Ashwani Gujral of ashwanigujral.com suggests buying Bharti Airtel with a stop loss of Rs 445 and target of Rs 470.
Ashwani Gujral of ashwanigujral.com recommends buying Cholamandalam Investment with a stop loss of Rs 324, target of Rs 338 and State Bank of India with a stop loss of Rs 319, target of Rs 334.
Mitessh Thakkar of mitesshthakkar.com recommends selling Hero MotoCorp with a stoploss of Rs 2,620 and target of Rs 2,530-2,589.10 and advises buying Reliance Industries with a stoploss of Rs 1,458 and target of Rs 1,500-1,472.30.
FII remained net sellers last week as they sold equities worth Rs 1,272.41 crore.
According to CLSA, margin is unlikely to improve further with BS6 costs around the corner.
BSE Smallcap index declined 9 percent, BSE Midcap index down 2 percent, while BSE largecap index added 10 percent in last one year.
We continue to remain positive with higher target of 11,850-12,000 levels over the next two months but as the up move is being very sharp so some consolidation at current level cannot be ruled out.
A dealer survey by CLSA shows that demand continues to be weak and inventories high.
Any close above 11,200 would trigger short covering rally towards 11,287 and 11,440.
Nifty futures were trading around 11,039-level on the Singaporean Exchange.
Trends on SGX Nifty indicate a positive opening for the broader indices in India, a gain of 25 points or 0.23 percent. Nifty futures were trading around 11,079-level on the Singaporean Exchange.
The Nifty continues to remain in an uptrend in the medium term, so buying on dips continues to be our preferred strategy.
The index is likely to face resistance around 11,080, followed by 11,120 while supports are placed at 10,990, and 10,950 levels
Mitessh Thakkar of mitesshthakkar.com advises buying Power Grid with a stop loss of Rs 206 and target of Rs 218.