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
Expert expects to see derating in smaller PSBs as the surge in other income, the primary driver of superior RoE (return on equity) in FY23 could be transient.
The 17,300 level is expected to act as a crucial support, followed by the recent swing low of 17,250 and, if the said levels get broken, then there could be correction up to the 17,000 mark
Investors should focus on the domestic economy-facing sectors like capital goods, infrastructure, real estate and banking. In the near term, they are betting on metals, IT and pharma
Vineeta Sharma of Narnolia Financial Advisors said the sharp fall in valuation was an opportunity for prudent long term equity investors.
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Bank, Axis Bank, Union Bank of India and Future Consumer.
Earnings downgrade to upgrade ratio moderated on a sequential basis (QoQ) as 65 companies saw earnings cut of over 3 percent (58 in 2QFY18) and 43 companies saw earnings upgrades of over 3 percent (49 in 2QFY18).
Ashwani Gujral of ashwanigujral.com is of the view that one can sell SBI, ICICI Bank, LIC Housing Finance and Adani Enterprises and can buy Dabur India and PC Jeweller.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy KPIT Technologies and Colgate Palmolive and can sell BEML and India Cements.
Ashwani Gujral of ashwanigujral.com suggests buying Indian Oil Corporation, Canara Bank and ICICI Bank.
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.
ITC, Maruti and ICICI Bank, among others, are on the radar of investors on Monday.
BPCL which gained 3.28 percent followed by HPCL were the top Nifty gainers while Indiabulls Housing Finance, Power Grid, HCL Tech and HDFC were the top Nifty losers.
Morgan Stanley in a research note said that the India government plan to recapitalise banks or troubled asset relief program (TARP) will break the five-year-plus cycle of NPLs.
Bank Nifty was marginally in the green, up 0.12 percent but the stock which zoomed was Federal Bank that zoomed 5.38 percent after the company declared strong Q2 numbers while ICICI Bank was up 1 percent.
According to Ashwani Gujral of ashwanigujral.com, one may sell State Bank of India and ICICI Bank.
Nomura prefers ICICI Bank or Axis Bank over PSU banks.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell M&M and buy Ashok Leyland, Colgate Palmolive and Divis Laboratories.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy IIFL Holdings, Yes Bank, IGL and Bajaj Finance and feels that Divis Lab is likely to hit Rs 1000.
Sudarshan Sukhani of s2analytics.com recommends buying Bata India, BEML, Hindalco Industries and Tech Mahindra.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell PVR and Bank of Baroda and buy Bharti Airtel and Ashok Leyland while one may hold ICICI Bank.
Sudarshan Sukhani of s2analytics.com suggests buying Edelweiss Financial Services and Petronet LNG.
The global investment bank is of the view that ICICI Bank is an attractive corporate play at a reasonable valuation given that macro environment is turning a corner and earnings/returns visibility from FY19 is improving.
Mitessh Thakkar of miteshthacker.com suggests buying ICICI Bank, PTC India, Greaves Cotton and Kalpataru Power and advises selling Strides Shasun.