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
Credit Suisse has an Outperform rating for Tata Steel with target price at Rs 830 per share and JSW Steel with target at Rs 300, but has a neutral rating for Jindal Steel & Power with target price at Rs 150.
Mitessh Thakkar of mitesshthakkar.com recommends buying HCL Tech with a stop loss of Rs 876 for target of Rs 922 and a buy on Marico with a stop loss of Rs 319 for target of Rs 338.
Ashwani Gujral of ashwanigujral.com advises buying Tata Global Beverage, JM Financial and Havells.
CA Rudramurthy, Head-Research at Vachana Investments advises shoring Punjab National Bank and ICICI Bank.
Mitessh Thakkar of miteshthacker.com suggests buying ICICI Bank, KEC International and Dabur India.
Prakash Gaba of prakashgaba.com is of the view that ICICI Bank can climb to Rs 320 while Maruti Suzuki may test Rs 9450.
Sudarshan Sukhani of s2analytics.com expects market to move higher and recommends picking private banks including HDFC Bank and ICICI Bank along with Infosys, HCL Tech, Biocon and Bata India.
Ashwani Gujral of ashwanigujral.com suggests buying Indian Oil Corporation, Canara Bank and ICICI Bank.
The prospects for the BJP-led National Democratic Alliance (NDA) coalition look solid for the 2019 national elections; however, a hint of rising populism has the potential to hamper the growth recovery.
According to Sudarshan Sukhani of s2analytics.com, one may buy Parag Milk, Prabhat Dairy and Hexaware.
Ashwani Gujral of ashwanigujral.com is of the view that one may sell Bank of India and Vedanta.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Canara Bank, DLF, Kolte Patil and NBCC.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NBCC and sell Voltas and ICICI Bank.
Sudip Bandyopadhyay, MD & CEO, Destimoney Securities is of the view that one may buy Axis Bank, ICICI Bank and SBI.
Mitessh Thakkar of mitesshthakkar.com feels that Yes Bank may test Rs 350.
Sudarshan Sukhani of s2analytics.com advises selling Fortis Healthcare.
According to Sudarshan Sukhani of s2analytics.com, one may buy State Bank of India, ICICI Bank and Larsen and Toubro.
The global investment bank remains Overweight (OW) on auto parts and two-wheelers (2Ws) such as Eicher Motors.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Bharti Airtel, Titan Company and Mahanagar Gas while he feels that Bata India should be a 4-digit stock.
The index closed on a flat note but there plenty of action seen in the S&P BSE 500 index. Ten stocks rose in the range of 10-22 percent in just 5 trading days which include names like Radico Khaitan which rallied 22 percent, followed by Hatsun Agro which surged 15 percent, and Religare Enterprises was up by 15.5 percent in the same period.
This rating upgrade is critical because, at Baa3, India’s rating was just above speculative grade and was not reflecting the true picture of the reforms initiated by the Modi government in the past three years.
According to Ashwani Gujral of ashwanigujral.com, one may buy ICICI Bank, DHFL and Sunteck Realty.
A Large part of the rally was driven by short coverings after Moody’s upgrade tilted the sentiment in favour of bulls. The rating upgrade comes after a gap of 13 years - Moody's had last upgraded India's rating to 'Baa3' in 2004. In 2015, the rating outlook was changed to 'positive' from 'stable'.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy HUL, Dabur India, Arvind and ACC and sell Colgate Palmolive and Yes Bank.
Ashwani Gujral of ashwanigujral.com recommends buying State Bank of India, ICICI Bank and Bank of Baroda.