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
Rajat Bose of rajatkbose.com is of the view that one can buy ITC and Hero MotoCorp and sell Wockhardt and Adani Ports.
Mitessh Thakkar of miteshthacker.com suggests buying Tata Chemicals, South Indian Bank, Bata India and Hero Moto.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Motilal Oswal, BPCL and Tata Global.
Watch the interview of SP Tulsian of sptulsian.com with Anuj Singhal, Latha Venkatesh & Sonia Shenoy on CNBC-TV18, in which he shared his readings and outlook on fundamentals of market and specific stocks.
Rajat Bose of rajatkbose.com advises buying Lupin and Kaveri Seed Company.
Sandeep Wagle of powermywealth.com is of the view that one can sell Hero MotoCorp and buy Jet Airways.
Sandeep Wagle of powermywealth.com is of the view that one can buy Bajaj Finance and sell Hero MotoCorp.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Balkrishna Industries and sell Bharat Forge and Hindalco Industries.
The coming week being the expiry one, first half would be very important for our market as we expect some volatility to pick up and hence, we may see some clear moves thereafter, says Sameet Chavan, Chief Analyst- Technical Derivatives, Angel Broking.
Amit Gupta of ICICIdirect recommends buying Bajaj Auto, Canara Bank and Zee Entertainment.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Cipla, Hero MotoCorp and Raymond while he is bullish on Ashok Leyland and advises selling Torrent Pharma.
Rajat Bose of rajatkbose.com is of the view that one can buy Hero MotoCorp and short Capital First and Hexaware Technologies.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell PNB, Can Fin Homes and Capital First and can buy Hero MotoCorp and Ajanta Pharma.
Mitessh Thakkar of miteshthacker.com recommends selling HDFC Bank below Rs 1790 with stop loss of Rs 1806 for target of Rs 1755 and a sell on Marico with a stop loss of Rs 305 for target of Rs 285. He has a buy on V-Guard Industries with a stop loss of Rs 220 for target of Rs 250.
According to Technical Analyst Prakash Gaba of prakashgaba.com, if the index drifts down then it can slide to its next logical target of 10089 and 9994. The crucial support for the Nifty is at 10184-10089-9994 and the resistance is at 10270.
Prakash Gaba of prakashgaba.com is of the view that Reliance Industries likely to test Rs 925 while Bajaj Finance can climb to Rs 184.
Mitessh Thakkar of miteshthacker.com suggests buying Axis Bank with a stop loss of Rs 533 for target of Rs 565 and a buy on National Aluminium Company with a stop loss below Rs 85 for target of Rs 92 while he advises selling Cummins India below Rs 875 with stop loss of Rs 891 for target of Rs 845.
Watch the interview of SP Tulsian of sptulsian.com with CNBC-TV18's Anuj Singhal, Latha Venkatesh and Surabhi Upadhyay, where he shared his readings and outlook on the market, as well as specific stocks and sectors.
Profit for the quarter stood at Rs 1,010.5 crore against Rs 1,004.2 crore in corresponding quarter last fiscal.
Tech Mahindra, Godrej Consumer and JSW Energy, among others, are on the radar of investors on Thursday.
In an interview to CNBC-TV18's Latha Venkatesh, and Surabhi Upadhyay, SP Tulsian of sptulsian.com shared his readings and outlook on market and specific stocks and sectors.
The immediate resistance on Nifty is now placed at 10,400 odd levels which are needed to be taken out in the follow-up buying. The support levels have now shifted to 10300 - 10320 levels, says Mustafa Nadeem, CEO, Epic Research.
Glenmark Pharma, DLF, Hero Motocorp and Titagarh Wagons could give up to 28 percent return in the short term.
VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities suggests buying Tata Global Beverage, Hero MotoCorp, Adani Ports, Dr Reddy's Laboratories and Jain Irrigation Systems.
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.