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
Identifying multibaggers for your portfolio is not easy as they won’t give returns overnight. Hence, for the stocks to become wealth creators investors have to buy them early and give these stocks time to rise and give multi-fold returns.
"The Nifty has taken support around its major moving average of 200 SMA i.e. 10,160 levels which might work as strong support zone in near term. Sustenance trade below 10140 marks may drag Index further lower till 9,900-10,000 zones," says Rajesh Agarwal of AUM Capital.
Ashwani Gujral of ashwanigujral.com suggests buying Punjab National Bank, Bank of Baroda and Canara Bank.
The range may continue while any sustained momentum for bulls will be above 10600 while below that we may see range play continue and would advise selling on the rise towards these levels.
Prakash Gaba of prakashgaba.com is of the view that NBCC can climb to Rs 204 while Mindtree is likely to slide to Rs 780.
According to Shahina Mukadam, Market Expert, one may stay invested in NBCC.
Ashwani Gujral of ashwanigujral.com recommends buying Indraprastha Gas, NBCC and Jindal Steel & Power.
“On the overall basis, long-term capital gains tax doesn’t look dampening and revenue growth assumptions are looking realistic. Investors should focus on sectors/stocks having agri or rural theme. Escorts, Ashok Leyland, M&M, PI Inds and UPL will be positive,” Hemang Jani, Head Equity Sales & Advisory, Sharekhan told Moneycontrol.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Mindtree, Raymond and Titan Company and can sell NBCC and Reliance Infra.
The market buoyancy is likely to continue in 2018 as well, though it could be volatile due to events like states elections, Union Budget. The Nifty50 is expected to give 10-15 percent return and the midcaps are likely to continue their outperformance in the coming year, experts suggest.
Ashwani Gujral of ashwanigujral.com advises buying Aurobindo Pharma, Voltas and Sun Pharmaceutical Advanced Research Company.
Citi said it has maintained Indraprastha Gas as its preferred long-term pick and Gujarat State Petronet remained its preferred near-term pick while it stayed constructive on Gujarat Gas & Petronet LNG. However, it has a sell call on Mahanagar Gas.
According to Shahina Mukadam, Independent Market Expert, one may hold NBCC.
Sandeep Wagle of powermywealth.com is of the view that one may sell NBCC on bounce.
According to Ashwani Gujral of ashwanigujral.com, one may Motherson Sumi and Shriram Transport.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Canara Bank, DLF, Kolte Patil and NBCC.
Mitessh Thakkar of miteshthacker.com suggests buying Dish TV with a stop loss of Rs 79 for target of Rs 83 and advises buying NBCC with a stop loss of Rs 254.90 for target of Rs 272 while he recommends selling Tata Communications around Rs 684, stop loss of Rs 696 for target of Rs 660.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NBCC and sell Voltas and ICICI Bank.
Ashwani Gujral of ashwanigujral.com recommends buying Heritage Foods, NBCC, Hexaware Technologies, BPCL, Wipro, Amara Raja Batteries and Shriram Transport Finance.
Almost 52 percent of IPOs listed on the bourses in the last 10 years has given a negative return and only 48 percent survived the bull and the bear cycles. Out of 48 percent, nearly 100 companies gave a return ranging from 100 percent to 6000 percent.
Mitessh Thakkar of miteshthacker.com suggests selling ACC with a stop loss of Rs 1734 for target of Rs 1650 and advises buying Biocon with a stop loss of Rs 412 for target of Rs 445.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Maruti Suzuki and NBCC and can hold Bajaj Finserv and RBL Bank while one can sell Bharti Infratel.
Mitessh Thakkar of miteshthacker.com has a sell on Cummins India below Rs 880, stop loss of Rs 896 for target of Rs 850 and a buy on Godrej Consumer with a stop loss of Rs 962 for target of Rs 1015.
Just Dial, Westlife, Indian Bank and IT sector, among others, are on the radar of investors on Tuesday.
Domestic money has been one of the driving factors in driving rally in the small and midcap space but analysts’ are of the view that the risk to midcaps is a change in the global liquidity, which will impact the overall performance of the broad market risking mid-caps to underperform.