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
There was a lot of stock specific action in the small, mid and largecaps which kept traders busy in last week.
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Bank with a stop loss of Rs 315, target of Rs 332, Reliance Industries with a stop loss of Rs 1200, target of Rs 1265 and Ajanta Pharma with a stop loss of Rs 1170, target of Rs 1225.
Mitessh Thakkar of mitesshthakkar.com recommends buying Axis Bank with a stop loss of Rs 568 and target of Rs 588, Balkrishna Industries with a stop loss of Rs 1240 and target of Rs 1305 and Cummins India with a stop loss of Rs 680 and target of Rs 750.
Rajiv Trust (promoter) bought 25,639 shares of Bajaj Holdings & Investment through market purchase on July 30, 2018 while Rajpal Singh Kochhar (promoter) bought 1,200 shares of Jagsonpal Pharmaceuticals through market purchase on July 30, 2018.
Rajesh Agarwal of Aum Capital advises buying Mahanagar Gas with a target Rs 859.
Nandish Shah of HDFC Securities says the Nifty is likely to find immediate resistance around 11,200-11,250 levels
On a year-on-year basis, average AUM increased 19.8 percent (Rs 3.9 trillion) in June 2018
For a correction to occur, experts state that oil prices have to stay above $80 a barrel and dollar has to increase sharply against the rupee
Mitessh Thakkar of mitesshthakkar.com suggests buying Aurobindo Pharma with a stop loss of Rs 615 and target of Rs 646, KPIT Tech with a stop loss of Rs 274 and target of Rs 292 and RBL Bank with a stop loss of Rs 558 and target of Rs 585.
With challenges on the macro front and increasing political headwinds faced by the BJP heading into the 2019 general elections, Prabhudas Lilladher believes traders are likely to remain cautious
Prakash Gaba of prakashgaba.com advised selling Bajaj Auto with a target price of Rs 2,790 and stoploss at Rs 2,855.
Global investment bank bets on management rejig and reduced watch list to boost investor sentiment ahead.
Kotak Securities says it sees the development as an important step to address a key concern that has been a headwind to the stock in recent months.
Mitessh Thakkar of mitesshthakkar.com iis of the view that one can sell CESC with a stop loss of Rs 991, target of Rs 950, HDFC with a stop loss of Rs 1840, target of Rs 1790 and buy Bata India with a stop loss of Rs 799, target of Rs 855.
Here is a list of top 10 stocks handpicked by Emkay Global that could return 13-85 percent over the next 12-18 months
Motilal Oswal expects Nifty EPS to grow 27.4 percent to Rs 579 in FY19 and 19.6 percent to Rs 693 in FY20.
Prakash Gaba of prakashgaba.com advises buying ACC with a target at Rs 1400.
Prakash Gaba of prakashgaba.com is of the view that one can buy United Spirits with target at Rs 3430 and stop loss at Rs 3330 and sell Hindustan Unilever with target at Rs 1554 and stop loss at Rs 1574.
Prakash Gaba of prakashgaba.com recommends buying Dabur India with target at Rs 385 and stop loss at Rs 374, Exide Industries with target at Rs 266 and stop loss at Rs 252 and a buy also in Hindalco Industries with target at Rs 255 and stop loss at Rs 237.
ICICI Bank still remains one of global investment banks’ top picks. They see the private sector lender rallying up to 48 percent in the next one-year post its recent fall
Rajesh Agarwal of AUM Capital recommends buying India Cements with stop loss at Rs 136 and target at Rs 146, a buy in BEML with stop loss at Rs 1040 and target at Rs 1095 and a buy also in CESC with stop loss at Rs 1045 and target at Rs 1085.
"Nifty may find support around the 10,600 mark. If it fails to hold this mark, the index may correction till the 10,550 zone. Strong hurdle is seen around 10,660 levels. A decisive trade above these levels would add momentum on the upside," says Rajesh Agarwal of AUM Capital.
"Positional traders are advised to buy into this counter for a target of Rs 315 with a stop of Rs 271," says Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in.
“The recent hurdle placed around 10640 has been crossed on a closing basis and thus we may see an extension of this move towards 10,750 – 10,800 in coming days. On the lower side, the immediate base seems to have shifted higher towards 10,640 – 10,600 (earlier hurdle becomes support) from 10,495,” said Sameet Chavan of Angel Broking.
“Nifty breaking out cluster of resistances placed around 10,570 to 10,600 is unlikely as of now” says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management Ltd.