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
In an interview to CNBC-TV18, Santosh Singh, Head of Research India at Haitong Securities shared his readings and outlook on a few of the NBFCs.
Ashish Kyal of Waves Strategy Advisors advises buying Indian Oil Corporation with a target of Rs 456.
Ashish Kyal of Waves Strategy Advisors advises buying Natco Pharma with a target of Rs 965.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Avenue Supermarts , Ceat, Bajaj Finance, Mahindra and Mahindra Financial Services and TV Today.
The market which went up in quick succession in the first three months of 2017 did not give any opportunity to many long-term investors and any correction towards 9,000 or maybe even 8,800 where there is a strong base is a good buying opportunity.
Deutsche Bank says Bharti Airtel's deal with Millicom to combine operations in Ghana reflected continued progress on African restructuring. Hence, the brokerage house assigned buy rating on the stock, with a target price at Rs 400.
CLSA has retained its buy call on Phoenix Mills, with reduced target price at Rs 460 from Rs 479. It says company's lease income growth at malls is at 6-7-quarter high despite demonetisation. Capex strategy may enable low strain capex, it feels.
According to Prakash Gaba of prakashgaba.com, HDIL can climb to Rs 75 while ICICI Prudential Life Insurance Company may test Rs 375.
Prakash Gaba of prakashgaba.com is of the view that ICICI Prudential Life Insurance Company can climb to Rs 375 while Crompton Greaves may test Rs 74.
Ashwani Gujral of ashwanigujral.com recommends buying IIFL Holdings, Hindalco Industries, DLF and DHFL.
Most analysts feel the Budget 2017 is likely to have a pro-poor focus. The market will watch for govt's FY18 fiscal deficit target, divestment plans, announcement on the taxation front among others. The market expects govt to relax its FY18 fiscal deficit target of 3 percent.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Vedanta, Kotak Mahindra Bank and GAIL India.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Indiabulls Housing Finance and CESC and advises selling Titan Company.
SP Tulsian of sptulsian.com, explains why he is bullish on Yes Bank. He also shares his views on several other stocks, including Torrent Power and Hatsun Agro.
Mitessh Thakkar of miteshthacker.com is of the view that one may buy Bharat Heavy Electricals, Grasim Industries and Exide Industries and advises selling Infosys and PC Jeweller.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sectors.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy ICICI Prudential and sell PFC and Indiabulls Housing.
Sharmila Joshi of sharmilajoshi.com is of the view that one may hold ICICI Prudential Life Insurance.
Rajat Bose of rajatkbose.com is of the view that one may hold ICICI Prudential Life Insurance Company.
Mitesh Thacker of miteshthacker.com suggests buying ICICI Prudential Life Insurance Company and NMDC.
According to Mitesh Thacker of miteshthacker.com, one may buy ICICI Prudential Life Insurance Company and sell Jet Airways.
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 has initiated coverage of ICICI Prudential Life Insurance Company with overweight rating and target price of Rs 365, citing likely multi-year improvement in profitability.
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.