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
According to Ashwani Gujral of ashwanigujral.com, one can buy Gujarat Mineral Development Corporation and Indian Oil Corporation and sell Hindalco Industries.
CLSA has retained its buy call on L&T, IRB Infrastructure, J Kumar Infraprojects and Sadbhav Engineering as government's initiatives will improve infra liquidity via InvIT showing results.
Mitessh Thakkar of miteshthacker.com is of the view that below Rs 365, Indian Oil Corporation may slip to Rs 345.
After hitting a fresh 52-week high on Thursday morning, the market reversed all its gains in the last hour on back of profit booking. SP Tulsian of sptulsian.com says that this dip in the market can be used to buy in as an investor.
Ashwani Gujral of ashwanigujral.com suggests selling Granules India and Indian Oil Corporation and buy Vedanta.
In an interview to CNBC-TV18, Prakash Diwan of Altamount Capital Management shared his readings and outlook on specific stocks and sectors.
As the telecom sector undergoes consolidation, margins of the companies will continue to remain under pressure, said SP Tulsian of sptulsian.com. The debt-laden balance sheets is seen as a 'big scare'.
Prakash Gaba of prakashgaba.com feels that one may see higher levels in Indian Oil Corporation.
Mitessh Thakkar of miteshthacker.com suggests selling Page Industries, Tata Motors DVR and Indian Oil Corporation and advises buying Adani Power.
Rajat Bose of rajatkbose.com is of the view that one can buy Karnataka Bank and sell Indian Oil Corporation.
Morgan Stanley feels any interest in Axis Bank will be based on its retail franchise as it is one of the few banks with a strong retail deposit franchise.
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy and Anuj Singhal, SP Tulsian of sptulsian.com shared his reading and outlook on the market and also gave recommendations on various stocks.
According to Rahul Shah of Motilal Oswal, one can buy Hindustan Petroleum Corporation and advises shorting Divis Labs and State Bank of India.
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 Balrampur Chini, Aban Offshore and Indian Oil Corporation.
According to Ashwani Gujral of ashwanigujral.com, one can buy Cholamandalam Investment, Indian Oil Corporation and Tata Motors DVR.
Ashwani Gujral of ashwanigujral.com recommends buying HDFC, DLF and India Oil Corporation and feels that DLF will test the 200 day moving average.
According to Ashwani Gujral of ashwanigujral.com, one can buy Power Grid, Indian Oil Corporation and Tech Mahindra.
Sandeep Wagle of powermywealth.com recommends buying Indian Oil Corporation, Biocon and Bata India.
Nomura maintains buy rating on IndusInd Bank with target unchanged at Rs 1400 per share. It expects the company to deliver over 25 percent CAGR earnings over FY16-19.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com says he has a positive bias on Bharat Financial stocks with eyes on quarter three numbers of the company. For oil marketing companies, his pecking order of preference is HPCL, BPCL and IOC.
Deutsche Bank has reiterated its preference for oil marketing companies over upstream companies after the oil retailers passed on rising crude price cost. It expects oil retailers to benefit from robust refining margins, capacity expansions, higher fuel marketing margin and consumption growth.
Rakesh Bansal of RK Global is of the view that one may buy IOC with a target of Rs 328.
Yogesh Mehta of Motilal Oswal is of the view that one may buy CESC and Indian Oil Corporation and sell Tata Steel.
Rakesh Bansal of RK Global is of the view that one may buy IOC with a target of Rs 328.