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
Earnings downgrade to upgrade ratio moderated on a sequential basis (QoQ) as 65 companies saw earnings cut of over 3 percent (58 in 2QFY18) and 43 companies saw earnings upgrades of over 3 percent (49 in 2QFY18).
Chandan Taparia of Motilal Oswal Securities is of the view that one can buy Infosys and Hindalco Industries and can sell BHEL.
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.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy ICICI Bank, Infosys, Divis Laboratories, Interglobe Aviation and BPCL and can sell Cadila Healthcare.
Ashwani Gujral of ashwanigujral.com recommends buying Infosys, Yes Bank and Kotak Mahindra Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Infosys and DLF and can hold Dabur while one can sell Engineers India.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ashok Leyland, Infosys and Vedanta and hold SBI while one can exit HPCL.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Infosys, TCS, Mphasis, Polaris, Tata Elxsi and Mindtree and can sell Bharti Airtel.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bharat Forge, Infosys, M&M Financial Services, Marico and Asian Paints and can sell Dalmia Bharat.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell PNB and HPCL and can buy Hexaware, Infosys, Jubilant Foodworks and Sun Pharma.
The liquidity drive which pushed benchmark indices to record highs also pushed many stocks especially in the small and midcap space to valuations beyond their historic averages.
In an interview to CNBC-TV18, Ravi Menon, Analyst-IT Services at Elara shared his views and readings on Infosys Q3 numbers.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Apollo Tyres, Infosys, L&T, Asian Paints and Ceat.
Avinnash Gorakssakar, Market Expert is of the view that one may hold Infosys.
Sanjiv Bhasin of IIFL expects at least 5 percent downside in IndusInd Bank and has HCL Tech as the top IT pick.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Chemicals, CG Power and SREI Infra.
Kotak Securities said the rationale of US IRS agreement is to enhance predictability of tax obligations for US operations. Agreement does not have any implications for other companies, it added.
Morgan Stanley feels APA with US Internal Revenue Service could positively impact FY19/20 EPS by up to 1 percent. The research house has Equalweight rating on the stock with target at Rs 1,028 per share.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Infosys, DHFL, Interglobe Aviation, M&M and South Indian Bank and can sell Andhra Bank.
Infosys is the top pick of CLSA for 2018 given reasonable earnings growth and rerating potential.
Credit Suisse has an Outperform rating for Tata Steel with target price at Rs 830 per share and JSW Steel with target at Rs 300, but has a neutral rating for Jindal Steel & Power with target price at Rs 150.
IDFC has also initiated coverage with Outperformer call on Tech Mahindra and Mindtree, and set a target price at Rs 610 and Rs 650, respectively.
Ashwani Gujral of ashwanigujral.com is of the view that one may see upside in Infosys.
According to Sudarshan Sukhani of s2analytics.com, Reliance Industries, Infosys and Dish TV.
Sudarshan Sukhani of s2analytics.com is of the view that one may hold 63 Moons Technologies.