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
Morgan Stanley raised its price target for ICICI Bank by 4 percent to Rs 266 (from Rs 255 earlier) owing to higher valuations for the life insurance subsidiary ICICI Prudential while maintaining equal-weight rating.
Morgan Stanley is underweight on SBI with target at Rs 200 per share as five banking subsidiaries reported weak earnings and earnings may be weak in FY17 & FY18. It expects NIM to remain subdued for longer.
Prakash Gaba of prakashgaba.com is of the view that one may buy ICICI Bank.
Morgan Stanley has underweight rating on SBI with target at Rs 200 per share stating that credit costs may decline but revenue likely to stay lower for longer. It estimates return on equity (ROE) at 5.9 percent in FY17 and 6.4 percent in FY18 versus 7.7 percent in FY16.
Ashwani Gujral of ashwanigujral.com recommends buying Maruti Suzuki, ICICI Bank, Arvind, Glenmark Pharma and Tata Communications and advises selling ONGC.
Ashwani Gujral of ashwanigujral.com recommends holding ICICI Bank.
Chandan Taparia of Anand Rathi Securities recommends buying Indian Oil Corporation, Engineers India, Canara Bank and Coal India and advises buying 210 Put options in Apollo Tyres.
In an interview to CNBC-TV18, Prakash Diwan of Altamount Capital Management shared his readings and outlook on specific stocks and sectors.
According to Ashwani Gujral of ashwanigujral.com, one can buy Balkrishna Industries, GMDC and Oriental Bank of Commerce.
Rahul Shah of Motilal Oswal is of the view that one can buy Jain Irrigation and ICICI Bank and short Biocon.
Mitesh Thacker of miteshthacker.com recommends buying UltraTech Cement, Ambuja Cements, ICICI Bank, SBI and Karnataka Bank.
Ashwani Gujral of ashwanigujral.com recommends buying Indraprastha Gas and ICICI Bank and advises selling Tata Motors and Reliance Industries.
In an interview to CNBC-TV18, Deven Choksey of KRChoksey Investment Managers shared his reading and outlook on the market and specific stocks.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Vedanta and sell HPCL and MRF.
Manoj Murlidharan, Head of Derivatives at Religare Securities is of the view that one can buy Lupin and JSW Energy and short ICICI Bank.
Ashwani Gujral of ashwanigujral.com recommends buying GSFC, Century Plyboards, VIP Industries, Unichem Laboratories and Indiabulls Housing Finance.
Sudarshan Sukhani of s2analytics.com recommends buying Voltas and Indraprastha Gas and advises selling Mahindra & Mahindra.
Sanjiv Bhasin of IIFL is of the view that one may prefer ICICI Bank, SBI and IndusInd Bank from the banking space and has a positive view on Satin Credit Care.
Sudarshan Sukhani, of s2analytics.com is of the view that Axis Bank can outperform and one may consider selling Apollo Tyres.
In an interview to CNBC-TV18, Prakash Diwan of Altamount Capital Management shared his reading and outlook on the fundamentals of the market and specific stocks.
CLSA maintains outperform rating on UltraTech Cement and raised target price to Rs 4425 per share from Rs 3900 per share as Q2 results ahead of estimate. It says demand pick-up and better cement pricing are key potential earnings growth drivers.
SP Tulsian of sptulsian.com says shares what makes him upbeat on paper companies, cautious on tyre stocks and his take on ICICI Bank post the Essar Rosneft deal.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell NCC and SRF and buy UPL.
Sandeep Wagle of powermywealth.com recommends selling Hero Moto and Havells India and advises buying ICICI Bank.
Ashwani Gujral of ashwanigujral.com is of the view that one can short ICICI Bank and buy Lloyd Electric.