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
Ashwani Gujral of ashwanigujral.com suggests buying DLF, ICICI Prudential and Edelweiss Financial.
According to Rahul Shah, Associate VP, Equity Advisory Group at Motilal Oswal, one can buy ICICI Bank and UltraTech Cement and sell Tata Steel.
Ashwani Gujral of ashwanigujral.com recommends buying Ambuja Cements while one can also look at buying Escorts, ICICI Bank and Sun YV.
According to Mitessh Thakkar of miteshthacker.com, one can buy Sun TV Network, ICICI Bank and Ahluwalia Contracts while one can sell Glenmark Pharma and Hindustan Petroleum Corporation.
In an interview to CNBC-TV18 technical analyst, Ashwani Gujral of ashwanigujral.com shared his reading and outlook on the market and also gave recommendations on various stocks.
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Bank, Ceat and Canara Bank.
Pankaj Jain of SW Capital advises buying Bank of Baroda with a target of Rs 205.
Ashwani Gujral of ashwanigujral.com recommends buying Bank of Baroda, Bank of India and ICICI Bank.
Sudarshan Sukhani of s2analytics.com suggests buying PSU banks on dips and feels that ICICI Bank may head to Rs 350 while one can also buy Britannia Industries.
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Bank, Can Fin Homes and State Bank of India.
Mitessh Thakkar of miteshthacker.com suggests buying IDBI Bank, Bank of India, Union Bank on minor intraday dips. "One can also buy Avenue Supermarts," he adds.
A private sector bank, a housing finance company, among others are on the watchlist of analysts today.
Rajesh Agarwal of AUM Capital suggests holding on to ICICI Bank and advises buying Ajanta Pharma on dips.
Sandeep Wagle of powermywealth.com recommends buying ICICI Bank and prefers Ajanta Pharma from the pharma space.
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Bank, Sun TV and Kolte Patil.
Banking stocks have been under pressure after the Reserve Bank of India came out with a couple of circulars earlier this week aimed at stricter disclosure of non-performing assets (NPAs).
According to Sudarshan Sukhani of s2analytics.com, one can buy ICICI Bank on strength while Hindalco Industries, Tata Steel and Vedanta to become weaker.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy ICICI Bank, State Bank of India, ITC and Aditya Birla Nuvo and can sell Hexaware Technologies.
Sudarshan Sukhani of s2analytics.com recommends buying ICICI Bank at the current level.
According to Vijay Chopra of enochventures.com, one may remain invested in ICICI Bank.
Rajat Bose of rajatkbose.com suggests holding ICICI Bank.