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
Prakash Gaba of prakashgaba.com is of the view that one may hold IDFC.
Krish Subramanyam, Co Head-Equity Advisory at Altamount Capital is of the view that one can buy IDFC December futures and also buy 60 Put options.
Mitessh Thakkar of miteshthacker.com has a buy on Axis Bank with a stop loss of Rs 547 for target of Rs 585 and a buy on IDFC with a stop loss of Rs 61.8 for target of Rs 67.
According to Prakash Gaba of prakashgaba.com, one may stay invested in IDFC.
Shahina Mukadam, Independent Market Expert is of the view that one may prefer Yes Bank over IDFC.
The USD 12 billion proposed merger between IDFC and Shriram Group has been scrapped after both parties failed to find common ground on valuations. In an interview to CNBC-TV18, Digant Haria, AVP-Research at Antique Stock Broking shared his views and readings on the same.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Bajaj Finserv and buy Century Textiles and Industries and Indraprastha Gas while he recommends holding Tata Metaliks.
Mitessh Thakkar of mitesshthakkar.com has recommends a buy on Mangalore Refinery and Petrochemicals which has a positive candlestick pattern with a stop loss of Rs 131 for target of Rs 140 while Ashwani Gujral of ashwanigujral.com has a buy on Maruti Suzuki with a stop loss of Rs 8000, target of Rs 8250.
Mitessh Thakkar of miteshthacker.com suggests buying Container Corporation of India and Adani Power.
Back in August and early September on multiple occasions, Nifty had faced resistance around supply point of 9,930-9,990.
Gaurang Shah of Geojit Financial Services is of the view that one may prefer Federal Bank.
VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities suggests buying Titan Company, Eicher Motors, Biocon, Dr Reddy's Labs and IDFC.
Sumeet Jain of Destimoney Securities is of the view that one may buy Thermax with a target of Rs 1010.
Mitessh Thakkar of miteshthacker.com recommends buying HCL Technologies and IDFC.
Mitessh Thakkar of miteshthacker.com suggests buying IDFC with a target price of Rs 64.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy NIIT Technologies, NMDC and Ashok Leyland and sell Infibeam.
Prakash Gaba of prakashgaba.com is of the view that BEML looks good and likes IDFC and advises buying Ashok Leyland on dips.
The key support level for Nifty is placed at 9840 while the Index is likely to face resistance at 9965-10005. On the other hand Bank Nifty has support at 24200 and resistance at 24511-24670, says Prakash Gaba of prakashgaba.com.
Gaurav Ratnaparkhi of Sharekhan advises selling Adani Enterprises Future with a target of Rs 133.30.
According to Prakash Gaba of prakashgaba.com, the next logical technical target for the Nifty is at 9969. The crucial support for the Index is at 9792-9720 and the resistance is at 9969 while Bank Nifty has support at 24100 and resistance at 24300-24400.
Prakash Gaba of prakashgaba.com is of the view that the logical technical target of 9969 is still valid as long as 9792 holds. The crucial support for the Nifty is at 9792-9720 and the resistance is at 9916-9969. Bnak Nifty has support at 24000 and resistance at 24300.
What’s still not clear is the swap ratio at the level of the bank and holding company and finally how shareholders of the Shriram Group’s retail lending arms would consent to a merger that is detrimental to their interests.
In an interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, SP Tulsian of sptualsian.com shared his views and outlook on the fundamentals of the markets and specific stocks.
In an interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, SP Tulsian shared his views and outlook on the fundamentals of the market ans specific stocks.
Sudarshan Sukhani of s2analytics.com is of the view that one may sell Indian Oil Corporation and Cummins India and buy UPL, Siemens and Sun TV.