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
Sectors with positive outlooks are real estate, small appliances and branded apparel, while outlook on autos, select staples and global commodities is more cautious.
The golden rule of investment is to pour money in stocks that are trading at attractive levels compared to their intrinsic value, thus allowing investors to create wealth over a period of time
At this juncture, the pragmatic approach would be to take one step at a time and focus more on individual stocks.
Despite the big names disappointing traders, there are stocks that have encouraged brokerages to raise target price on them
Mitessh Thakkar of mitesshthakkar.com recommends buying Asian Paints with a stop loss of Rs 1386 and target of Rs 1440 and Zee Entertainment above Rs 368 with stop loss of Rs 363 and target of Rs 382.
Given HDFC’s solid fundamentals and favourable macro traits, we believe the company is well positioned for long term growth and initiate our coverage on HDFC with a BUY rating and a target price of Rs 2,539 per share.
Prakash Gaba of prakashgaba.com recommends buying Mahindra & Mahindra with target at Rs 675 and stop loss at Rs 650, Mahanagar Gas with target at Rs 875 and stop loss at Rs 854 and Tata Chemicals with target at Rs 653 and stop loss at Rs 630.
Given HDFC’s solid fundamentals and favourable macro traits, we believe the company is well positioned for long term growth.
HDFC will also buy 0.4 percent stake held by a few employees for Rs 10.84 crore. In total, the corporation will buy 51.2 percent stake for Rs 1,346.84 crore
CLSA said that the intervention of Reserve Bank of India (RBI) may be required as DHFL default can expose Rs 1 lakh crore in borrowing to the risk of default/haircuts
Bank Nifty options data for upcoming weekly expiry depicts 31,000 as strong support as aggressive Put writing is seen at 31,000 and on upside the highest Call OI is at 32,000, which can act as strong resistance
Going ahead, 11,600 – 11,800 are the levels to watch out for in the upward direction and on the lower side, 11,286 – 11,050
Based on the broader formation of the market, it would now be a very tough task for Nifty to cross 11,760, before the outcome of election results
It would be advisable to remain light on positions and stock-specific.
Experts now feel that it is better to stay put in the market and remain stock-specific than focusing on the index
Sudarshan Sukhani of s2analytics.com recommends buying HDFC with stop loss at Rs 2010 and target of Rs 2040, Bata India with stop loss at Rs 1396 and target of Rs 1424 and Britannia Industries with stop loss at Rs 2955 and target of Rs 3015.
Few large-cap stocks are performing well that are contributing high in the index gain. However, if we talk about mid and smallcap, steam is gathering to give a breakout based on the charts
Ashwani Gujral of ashwanigujral.com recommends buying Can Fin Homes with a stop loss of Rs 355, target of Rs 372, Cholamandalam Investment with a stop loss of Rs 1470, target of Rs 1510 and Bajaj Finance with a stop loss of Rs 3100, target of Rs 3165.
The relative strength index (RSI) on the Nifty50 daily chart has formed a negative divergence, but a new high cannot be ruled out on a sustained trade above 11,680.
11,600-11,550 levels will be key support levels for the Nifty and current trend may likely to continue towards 11,800-11,850 levels.
Ashwani Gujral of ashwanigujral.com recommends buying Oriental Bank of Commerce with a stop loss of Rs 112, target of Rs 120, State Bank of India with a stop loss of Rs 325, target of Rs 341 and YES Bank with a stop loss of Rs 276, target of Rs 290.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy Indiabulls Housing with a target of Rs 765.
In case of Housing Development Finance Corporation (HDFC), CLSA said housing demand is largely stable despite recent events in financial markets and the stock is among its top picks in the financial sector.
Ashwani Gujral of ashwanigujral.com recommends buying Titan Company with a stop loss of Rs 1055, target of Rs 1100, Manappuram Finance with a stop loss of Rs 100, target of Rs 112 and Sun Pharma with a stop loss of Rs 430, target of Rs 455.
Ashwani Gujral of ashwanigujral.com recommends buying YES Bank with a stop loss of Rs 208, target of Rs 224, Reliance Industries with a stop loss of Rs 1235, target of Rs 1285 and Rural Electrification Corporation with a stop loss of Rs 118, target of Rs 130.