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
As compared to other countries, the market share of electric cars is extremely low in India.
Ashwani Gujral of ashwanigujral.com recommends selling Jindal Steel & Power with a stop loss of Rs 134, target of Rs 126, Raymond with a stop loss of Rs 710, target of Rs 685 and Hero MotoCorp with a stop loss of Rs 2430, target of Rs 2350.
In 2019 so far, the Sensex and Nifty rallied 10 percent each while the BSE Midcap index fell 3 percent and Smallcap index lost 1 percent.
However, a failure to sustain above this resistance line placed at 11,870 may lead to minor profit booking dragging it lower to 11,700-11,570
Most stocks comprising the auto sector show strong support signs this week. They include Maruti Suzuki, Tata Motors and Hero MotoCorp
A fresh trend in Bank Nifty can emerge only beyond 30200 on the higher side and below 29500 on the lower side.
We may see some long unwinding around 11,900-11,950, which will lead to a small correction. Going forward, the support is likely to shift upward to 11,650-11,700
Rate cut usually acts as a sentiment booster and aid companies that have to service large debts
Sudarshan Sukhani of s2analytics.com recommends buying Hindustan Unilever with stop loss at Rs 1700 and target of Rs 1735, Dabur India with stop loss at Rs 436 and target of Rs 448 and DCB Bank with stop loss at Rs 195 and target of Rs 204.
Ashwani Gujral of ashwanigujral.com recommends buying Adani Enterprises with a stop loss of Rs 138, target of Rs 150, L&T Finance Holdings with a stop loss of Rs 124, target of Rs 136 and Tata Steel with a stop loss of Rs 515, target of Rs 540.
Banking index has taken support from its 200 DMA placed around 26,632 and trading higher. The immediate trading range of 27,300 on higher side and 26,500 on lower side remains intact.
Mitessh Thakkar of mitesshthakkar.com recommends buying Allahabad Bank with a stop loss of Rs 45 and target of Rs 49, Bajaj Auto with a stop loss of Rs 2790 and target of Rs 2875 and Steel Authority of India with a stop loss of Rs 47.9 and target of Rs 51.5.
The Nifty index witnessed lower rolls from January to February series and it has seen addition of around 20 percent in the last six-seven trading sessions of this series
We would rate it at 5 given the backdrop in which the budget is being presented; the Budget is expansionary without breaking the bank.
Sudarshan Sukhani of s2analytics.com recommends buying Dabur India with stop loss at Rs 426 and target of Rs 436 and HCL Tech with stop loss at Rs 960 and target of Rs 990.
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
Sudarshan Sukhani of s2analytics.com advises buying ICICI Bank with a stoploss of Rs 355 and target of Rs 368.
Ashwani Gujral of ashwanigujral.com recommends buying V Guard Industries with a stop loss of Rs 230, target of Rs 242, Bata India with a stop loss of Rs 1120, target of Rs 1155 and PVR with a stop loss of Rs 1570, target of Rs 1610.
Ashwani Gujral of ashwanigujral.com is of the view that one may sell Bharat Forge with a target Rs 480.
The relative strength index also indicates that the current momentum is likely to get extended.
Ashwani Gujral of ashwanigujral.com recommends buying V Guard Industries with a stop loss of Rs 220, target of Rs 234, Dabur India with a stop loss of Rs 452, target of Rs 468 and Bank of India with a stop loss of Rs 94, target of Rs 106.
Sudarshan Sukhani of s2analytics.com recommends buying Dr Reddy's Laboratories with stop loss at Rs 2645 and target of Rs 2735, Tech Mahindra with stop loss at Rs 678 and target off Rs 705 and Hero MotoCorp with stop loss at Rs 3000 and target of Rs 3080.
Rajesh Agarwal of AUM Capital recommends buying Sun Pharmaceutical Industries with stop loss at Rs 412 and target of Rs 431 and Bharat Petroleum Corporation with stop loss at Rs 320 and target of Rs 332.
The research house expects Hero Motocorp to rally 23 percent to Rs 3,750 over a period of one year.
We recommend buying the stock at CMP for the target of Rs 3,250 and keeping a stop loss placed at Rs 2,910 on a closing basis, says Vinay Rajani of HDFC Securities.