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
Here is a list of top 10 stocks from different experts which are likely to see the direct or indirect impact of the rise in crude oil prices.
Oil marketing companies take into account the global performance of crude oil, excise duties and the state-wise value added tax (VAT).
The fall of 6-16 percent during the last six months can be seen as opportunity to enter into this space.
"We expect next upside resistance for Nifty to be around 10,350 and 10,380 which comes to be our immediate short-term targets. Bank Nifty is also showing some positive signs of reversal and as far as we are above 24,200 in that index, we expect prices to retrace higher," says Mustafa Nadeem, CEO at Epic Research.
Vishal Malkan of malkansview.com is of the view that one may buy Steel Authority of India with a target of Rs 75.
"Oscillators like RSI & MACD are in oversold zone. Sustenance trade above 10140 levels may add upside momentum till 10,190 and 10,250 marks. Strong support is seen around 9,900-10,000 levels," says Rajesh Agarwal of AUM Capital.
Ashwani Gujral of ashwanigujral.com recommends selling Steel Authority of India, IOC and Canara Bank.
Prabhudas Lilladher expects the Nifty to trade in a range of 9,640-10,500 in the near term.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Engineers India and Indian Oil and can buy Can Fin Homes.
Sandeep Wagle of powermywealth.com is of the view that one can buy Indian Oil Corporation and can sell Apollo Hospitals.
As many as 20-30 bluechip names are trading almost 50 percent discount to their 5 year average of price to earnings multiple and can be considered attractive for investment purpose.
Prakash Gaba of prakashgaba.com is of the view that one can sell Ambuja Cements and Siemens.
Sudarshan Sukhani of s2analytics.com recommends buying BHEL, Dabur India, Jet Airways, Wockhardt and IOC.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy United Breweries and Dredging Corporation and can sell TVS Motor.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Repco Home Finance, Bajaj Finserv and LIC Housing Finance and can buy Indian Oil Corporation.
Sharmila Joshi of sharmilajoshi.com is of the view that one may stay invested in IOC.
The rally which started in the crude oil price may not be over yet. Most experts tracking the commodity sees it heading towards $80-90/bbl in the next two years.
Ashwani Gujral of ashwanigujral.com advises selling Kotak Mahindra Bank and IOC.
Mitessh Thakkar of mitesshthakkar.com advises buying ONGC and Wipro.
IIFL feels oil marketing companies are well placed to overcome possible competition from private players.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Berger Paints and buy NCC.
Ashwani Gujral of ashwanigujral.com suggests buying Indian Oil Corporation, Canara Bank and ICICI Bank.
According to Deepak Shenoy of capitalmind.in, one may look at oil marketing companies.
Mitessh Thakkar of miteshthacker.com advises buyinmg Axis Bank with a target of Rs 555.
Ashish Kyal of Waves Strategy Advisors is of the view that one may buy SAIL with a target of Rs 87.40.