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
Kunal Saraogi of Equityrush is of the view that one may buy DLF with a target of Rs 165.
JK Jain of Karvy Stock Broking is of the view that one can buy Indian Oil Corporation, Voltas and DLF.
Digesh Shah of Veracity Fin is of the view that one may buy Cummins India with a target of Rs 875.
Manish Sharma of derivativetradingresearch.com advises selling TCS with a target of Rs 2370.
Ruchit Jain of Angel Broking advises buying IDBI Bank with a target of Rs 80.
Sudeep Anand, IDBI Capital Markets Services believe with reduction in under recoveries rerating of upstream companies is on the cards.
Gaurav Bissa of LKP Securities recommends buying Indian Oil Corporation 460 Put, HDFC and Hindustan Unilever futures.
In an interview with CNBC-TV18, market expert, SP Tulsian gave his stock picks for the day and talked about the listing of Mahanagar Gas on the Indian bourse.
Gaurav Bissa of LKP Securities is of the view that one can buy Just Dial, Canara Bank and Indian Oil Corporation.
Though 7th pay hike is lower than in 6th Pay Commission and the arrear payouts are likely to be lower, analysts still expect a consumption boost. Citi economists expect consumption growth pick up to 8.4 percent in FY17 from 7.6 percent in FY16 (marginal downside risks from potential delays in implementation of allowances hike).
According to Rahul Shah of Motilal Oswal, one can buy SKS Microfinance and Indian Oil Corporation and short Larsen & Toubro.
On Friday, the day of Brexit referendum results, the benchmark Sensex lost nearly 1,100 points intra-day before closing 604.51 points lower. Investors' wealth in stock market took a hit of nearly Rs 1.8 lakh crore on that day.
Sandeep Wagle of powermywealth.com is of the view that one can buy Indian Oil Corporation and YES Bank and advises selling UPL.
Prakash Gaba, Technical Analyst at prakashgaba.com likes Hero MotoCorp for target closer to Rs 3120 and likes Mahindra & Mahindra.
Credit Suisse expects recovery in refining margins from recent weakness, sustained strong India oil demand growth, organic EBITDA growth due to refinery expansions at BPCL/IOCL and solid marketing margin performance to keep OMC returns supported.
Rahul Shah of Motilal Oswal recommends shorting Tata Motors and buy IOC 420 Call.
Sandeep Wagle of powermywealth.com recommends selling ICICI Bank and Cairn India and advises buying Indian Oil Corporation.
Moderation in gross refining margins and demand going forward, increased competition from private sector players, and high debt levels are the reasons CIMB is cautious on oil marketing companies
Here are a few stocks picked up by CNBC-TV18's analysts to keep on your radar for trade today. We have IDBI, Granules, BPCL, HPCL, IOC, Axis Bank, Coal India, Tata Power, NTPC, Glenmark Pharma, Britannia and Vakrangee.
Ajay Srivastava, CEO of Dimensions Consulting is of the view that one may buy oil marketing companies.
Prakash Diwan of prakashdiwan.in is of the view that one can buy BPCL on dips.
Digesh Shah of Veracity Fin is of the view that one may buy Tata Communications with a target of Rs 488.
Vishal Malkan of malkansview.com advises buying Zee Entertainment with a target of Rs 445.
Ashwani Gujral of ashwanigujral.com recommends selling Axis Bank and Strides Shasun and buy IOC.
Gaurav Bissa of LKP Securities recommends buying Voltas, Jet Airways and IOC and advises selling Biocon.