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
The market looks poised for another rally on Wednesday with strong global cues lending support. The Nifty is likely to be in range between 8350-8600 as risk appetite increases but it will be crucial for it to hold 8500 levels today. Here are brokerage calls on three stocks.
In an interview to CNBC-TV18, SP Tulsian shares his views on metal stocks and Quess Corp's stellar IPO listing.
Krish Subramanyam of Altamount Capital is of the view that IDFC may test Rs 57 while IFCI may hit Rs 31.
Market expert, SP Tulsian, sptulsian.com, told CNBC-TV18 that IDFC Bank's bullish run may not last very long. He said he doesn't see any justification for the stock going up.
Prakash Gaba of prakashgaba.com is of the view that one may hold IDFC Bank.
Here are a few stocks picked up by CNBC-TV18's analysts to keep on your radar for trade today - REC, NCC, Axis Bank, Bharti Infratel, Biocon, Synegene, Rallis, Maruti, Raymond, Gujarat Narmada Valley Fertilizers & Chemicals, Swaraj Engines, IDFC Bank & Agro Tech Foods.
Jay Thakkar of Sharekhan recommends buying Pidilite Industries with a target of Rs 612.50 and Gujarat Pipavav Port with a target of Rs 164.
Vishal Malkan of malkansview.com is of the view that one may buy Shriram Transport with a target of Rs 890.
Gaurav Ratnaparkhi of Sharekhan advises buying Federal Bank with a target of Rs 49.20.
Ashu Madan of Religare Securities advises selling IDFC Bank.
Vishal Malkan of malkansview.com suggests exiting IDFC Bank at around Rs 48.
Pankaj Jain of SW Capital is of the view that one may sell IDFC on rallies.
Ambareesh Baliga, Independent Market Expert is of the view that one can buy IDFC Bank.
IDFC is the holding company which owns 53 stake stake in IDFC Bank. IDFC‘s share of the bank is worth (USD1.8 billion) is 30 percent higher than its market cap (USD 1.3 billion).