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
Hindalco, Maruti Suzuki and ICICI Bank are among the big Nifty names that Motilal Oswal is placing its bet on, this Diwali.
Looking at the above technical evidence, we are expecting a rally towards 10,600 – 10,700 in Nifty in coming months, said Jay Purohit, Technical & Derivatives Analyst at Centrum Broking Limited
Axis Direct highlights how the year has been a volatile one, with US-China trade tensions, rising crude prices, depreciating rupee, and debt market liquidity crisis dominating cues that are responsible for a correction in the market
HDFC Securities has selected the stock on two criteria – capital preservation (for now) and alpha generation (for later).
Rajesh Agarwal of AUM Capital recommends buying Bandhan Bank with stop loss at Rs 367 and target of Rs 400, ICICI Bank with stop loss at Rs 309 and target of Rs 325 and SRF with stop loss at Rs 1754 and target of Rs 1838.
Rising input costs, interest rates and depreciation in rupee is expected to put pressure on Nifty50 company’s margins, says Vinod Nair of Geojit Financial Services.
A sustained trade above 10,280 can halt the current weakness triggering a short covering rally taking it to levels of 10,355-10,465, says Aditya Agarwala of YES Securities.
Invest in quality companies with a healthy growth outlook and reasonable valuations.
Rajesh Agarwal of AUM Capital recommends buying ICICI Bank with stop loss at Rs 320 and target of Rs 335, Hindustan Oil Exploration with stop loss at Rs 138 and target of Rs 146 and Torrent Pharma with stop loss at Rs 1580 and target of Rs 1630.
Morgan Stanley turns underweight on Yes Bank and RBL Bank, and Equal Weight on AU Small Finance Bank.
Macquarie has recently upgraded its Nifty50 target to 12,000 for March 2019. It expects largecaps to perform better than midcaps as the latter is still vulnerable from valuations and flows
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy M&M with a stoploss of Rs 766 and target of Rs 799.
Use the dips in the market to accumulate or buy into quality stocks.
Prakash Gaba of prakashgaba.com suggests buying Ajanta Pharma with target at Rs 1100 and stop loss at Rs 1020, Apollo Tyres with target at Rs 225 and stop loss at Rs 205 and State Bank of India with target at Rs 290 and stop loss at Rs 270.
Motilal Oswal expects the bank to deliver 1.1 percent RoA/11 percent RoE by FY20, which should expand further thereafter. It is one of the top picks in the banking sector.
Sudarshan Sukhani of s2analytics.com suggests buying ACC with stop loss at Rs 1505 and target of Rs 1580 and HCL Technologies with stop loss at Rs 1070 and target of Rs 1100.
Bulls should only be able to regain control if the index reclaims 11,170 levels comfortably, else we may consolidate around current levels.
One can go long around Rs 305 levels with the stop loss of Rs 285 for target of Rs 345, says Shabbir Kayyumi of Narnolia Financial Advisors.
Citigroup highlights top 10 stock ideas which could give decent risk-to-reward to investors
Trader can sell the current futures contract after some technical bounce-back around Rs 315-317 with a stop loss above Rs 324 for target of Rs 295 and Rs 287, says Abhishek Mondal of Guiness Securities.
Prakash Gaba of prakashgaba.com is of the view that one can buy Jindal Steel & Power with target at Rs 240 and stop loss at Rs 227 and Titan Company with target at Rs 860 and stop loss at Rs 810 and can sell Canara Bank with target at Rs 235 and stop loss at Rs 250.
Prakash Gaba of prakashgaba.com suggests buying India Cements with target at Rs 133 and stop loss at Rs 124, ITC with target at Rs 325 and stop loss at Rs 315 and Sun Pharma Advanced with target at Rs 425 and stop loss at Rs 390.
Sudarshan Sukhani of s2analytics.com suggests buying Hindalco Industries with a stop loss of Rs 227 and target of Rs 236, Cipla with a stop loss at Rs 648 and target of Rs 675 and TCS with a stop loss at Rs 2035 and target of Rs 2100.
Duggad is currently bearish on Idea Cellular, Bharat Heavy Electricals and Tata Power.
Angel remains overweight on discretionary consumption theme with stocks like Safari Industries, Bata, Blue Star and Parag Milk Foods.