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
On a year-to-date (YTD) basis, as many as six out of 10 stocks failed to even match the Sensex’s return of 1.09 percent.
"Traders can accumulate the stock in the range of Rs 282-285 for the target of Rs 324 and a stop loss below Rs 269," says Achin Goel, Head of Wealth Management and Financial Planning at Bonanza Portfolio Ltd.
"Increased interest in 10,200 Put suggests a positive shift in the Nifty range. However, a proximity to resistance levels may induce some small correction which we think would provide a buying opportunity in the near term," says Achin Goel, Head of Wealth Management and Financial Planning, Bonanza Portfolio Ltd.
"The next trigger for bank from a stock market perspective will be the fourth quarter earnings. Market expectations from are muted, given the bad loan problem in the sector appears to be far from over," says Sumit Bilgaiyan, Founder of Equity99.
"We would also wait for its Q4FY18 earnings season and then take a call whether to take any fresh position in the counter. The key monitorables would be its asset quality, any incremental slippages and its focus on recovery," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
"Nifty might face hurdle around 10175 mark. Any decisive break above this level may add momentum on upside till 10260-10300 levels," says Rajesh Agarwal of AUM Capital.
Ashwani Gujral of ashwanigujral.com discusses with Anuj Singhal and Surabhi Upadhyay his analysis on the technical side of the market as well as specific stocks and sectors.
Ashwani Gujral of ashwanigujral.com suggests selling PC Jeweller, ICICI Bank and Tata Steel.
Ashwani Gujral of ashwanigujral.com is of the view that one may sell ICICI Bank and Jet Airways.
Ashwani Gujral of ashwanigujral.com recommends selling Bank of Baroda, Oriental Bank of Commerce and JP Associates.
Prabhudas Lilladher expects the Nifty to trade in a range of 9,640-10,500 in the near term.
Ashwani Gujral of ashwanigujral.com recommends buying HDFC Bank, ICICI Bank and Axis Bank.
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Bank, State Bank of India and Adani Enterprises.
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Bank, Axis Bank, Union Bank of India and Future Consumer.
In an interview to CNBC-TV18, Krishnan ASV of SBICAP Securities shared his views and readings on banking space.
Ashwani Gujral of ashwanigujral.com recommends buying NCC, Vedanta and IIFL Holdings.
Ashwani Gujral ashwanigujral.com advises selling Tata Steel and ICICI Bank.
Ashwani Gujral of ashwanigujral.com recommends buying Titan Company with a stop loss of Rs 810, target of Rs 840, Reliance Industries with a stop loss of Rs 900, target of Rs 925 and a buy also on Jubilant Foodworks with a stop loss of Rs 1990, target of Rs 2050.
Aegis Logistics, Tata Motors and metals, among others, are being tracked by analysts on Thursday.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ashok Leyland and Godrej Industries and can hold Tata Elxsi and can sell LIC Housing Finance and PSU banks.
Ashwani Gujral of ashwanigujral.com recommends selling Union Bank of India with a stop loss of Rs 100, target of Rs 88, Bank of India with a stop loss of Rs 106, target of Rs 94, Canara Bank with a stop loss of Rs 272, target of Rs 258 and ICICI Bank with a stop loss of Rs 300, target of Rs 285.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy BPCL and PVR and can sell SBI, ICICI Bank, DHFL and Canara Bank.
According to Vijay Chopra of enochventures.com, one may book profits in ICICI Bank.
Rajat Bose of rajatkbose.com is of the view that one may remain invested in ICICI Bank.
CA Rudramurthy BV of Vachana Investments suggests selling ICICI Bank, Canara Bank and Indian Bank.