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
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.
Positional traders can buy the stock on dips at around Rs. 1,920-1,925 levels with a stop loss below Rs 1,880 (closing basis) for a target of Rs 2,040.
Ashish Kyal of Waves Strategy Advisors suggests buying Balkrishna Industries with a target of Rs 1192.
Ashwani Gujral of ashwanigujral.com recommends buying NCC, Vedanta and IIFL Holdings.
Mitessh Thakkar of miteshthacker.com recommends selling Cipla with a stop loss of Rs 590 and target of Rs 564 and advises buying NIIT Tech with a stop loss of Rs 854 and target of Rs 900.
CA Rudramurthy BV, Research Head at Vachana Investments recommends buying HDIL, Jindal Steel & Power and Hexaware Tech.
Rakesh Bansal of RK Global is of the view that one may buy Interglobe Aviation with a target of Rs 1330.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Sonata Software and can sell JSPL and HDIL.
Mayuresh Joshi of Angel Broking positive on HDFC and HDFC Bank.
Sandeep Wagle of powermywealth.com is of the view that one may buy HDIL and Havells India.
Rajat Bose of rajatkbose.com is of the view that one may buy Bharat Forge and CG Power.
Rajat Bose of rajatkbose.com is of the view that one may buy Bharat Forge with a target at Rs 738-743.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy DLF, Infosys and HCC and hold Coal India and can sell HDIL.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Fortis Healthcare and HDIL and buy Relaxo Footwears.
Mitessh Thakkar of miteshthacker.com has a sell on BEML with a stop loss of Rs 1711 for target of Rs 1640 and a buy on Jindal Steel & Power with a stop loss of Rs 167.50 for target of Rs 178.
Ashwani Gujral of ashwanigujral.com suggests buying Hindustan Copper, STC and BEML and prefers Indiabulls Real Estate over HDIL.
Ashwani Gujral of ashwanigujral.com suggests buying Max Financial Services, Indiabulls Real Estate, HDIL, DHFL, Oil India and Bata India.
Kunal Saraogi of Equityrush is of the view that one may buy PVR with a target of Rs 1430.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Edelweiss Financial Services and sell Reliance Naval and Engineering and HDIL.
Vishal Malkan of malkansview.com is of the view that one may sell Tata Chemicals with a target of Rs 610.
Investor wealth saw an erosion of over Rs 6 lakh crore on the BSE in the past seven trading session dragged down by massive selling in the stock market where the S&P BSE Sensex tumbled by as much as 1,340 points.
Ashwani Gujral of ashwanigujral.com suggests selling Mahindra and Mahindra and HDIL.
Vishal Malkan of malkansview.com suggests buying Arvind with a target of Rs 425.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ashok Leyland, HDFC, Vedanta and Canara Bank and sell Cummins India.
Ruchit Jain of Angel Broking advises selling Castrol India with a target of Rs 377.