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
ICICI Bank, Astra Microwave Products and Pidilite Industries are on its radar
According to Gaurang Shah of Geojit Financial Services, one may prefer ICICI Bank, HPCL and IOC.
Rahul Shah of Motilal Oswal suggests buying Petronet LNG and Dewan Housing Finance.
Some of our top ideas include names like Tata Motors, ICICI Bank, SBI, ITC, Britannia, Hindalco, Colgate Palmolive India, Crompton Consumer, IOC Ltd, RBL Bank, Manpasand Beverages, Ultratech Cements and JK Cement, he said.
Ashwani Gujral of ashwanigujral.com recommends buying Havells India, Apollo Tyres, Motherson Sumi, Marico and Kotak Mahindra Bank.
Mitessh Thakkar of miteshthacker.com suggests buying ICICI Bank, PTC India, Greaves Cotton and Kalpataru Power and advises selling Strides Shasun.
Chandan Taparia of Motilal Oswal Securities suggests buying Bharat Forge and ICICI Bank.
"I believe that private banks still stand better compared to PSU banks and we still are sticking to the large private banks at this moment", Siddharth Purohit, Senior Research Analyst at Angel Broking told CNBC-TV18. He prefers ICICI Bank and Axis Bank at this moment.
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Bank, NMDC and REC.
According to Ashwani Gujral of ashwanigujral.com, Bank Nifty can head up by 300 points and sees 10-15 percent upside in metals while he feels that NBFCs can rally.
According to Sudarshan Sukhani of s2analytics.com, one can short Engineers India and ICICI Bank and buy Bajaj Finance.
Sudarshan Sukhani of s2analytics.com recommends selling Dr Reddy’s Laboratories, Axis Bank, Bharat Forge and TVS Motor and advises buying ICICI Bank.
Rajat Bose of rajatkbose.com recommends selling PN and State Bank of India and feels that Idea Cellular may head down to Rs 73.
According to Ashwani Gujral of ashwanigujral.com, one can buy PC Jeweller and Bata India and sell ICICI Bank.
Rahul Shah, Associate VP- Equity Advisory Group at Motilal Oswal recommends buying IndusInd Bank, Hero MotoCorp and Mindtree.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Bata India and sell CESC and ICICI Bank.
Sudarshan Sukhani of s2analytics.com suggests buying Tata Global Beverage, SBI and ICICI Bank.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Amara Raja Batteries and buy YES Bank, Bosch, Zee Entertainment and ICICI Bank.
Research firm feels that power stress has not turned into an NPA yet, but it is well factored into non-NPA stress books of its covered corporate banks.
CLSA has initiated coverage on Astral Poly Technik with a buy call and target price of Rs 545 as it expects company to report 27 percent EPS CAGR in FY16-19
Prakash Gaba of prakashgaba.com suggests buying Reliance Industries on dips and feels that ICICI Bank looks good and likes Kotak Mahindra Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Hindustan Unilever, HDFC Bank, Aditya Birla Nuvo and Vedanta` and sell Indo Count Industries.
Gaurang Shah of Geojit BNP Paribas is of the view that one may prefer ICICI Bank and Tata Motors.
Morgan Stanley feels that Axis may have seen interest based on its strong retail deposit franchise, which make up for almost 80 percent of its funding. However, it has also highlighted concerns on the bank's profitability based on its NPAs.