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
Given the weak sentiment, the benchmark indices may extend their southward journey in the upcoming session. Below are some trading ideas for the near term.
If Nifty successfully surpasses 19,850 levels, we anticipate a potential upward movement towards levels of 19,990 and 20,100.
The 18,200-18,250 range could be crucial on the higher side which can take the index above 18,500-18,600 levels, but falling below 18,000 levels can drag the index up to 17,800, while 17,500 would be a critical hurdle going ahead, experts feel
Only 15 of nearly 30 companies in Jhunjhunwala’s portfolio released their shareholding data for the quarter-ended June till now. Of the 14 companies, only two have delivered positive returns.
The company has decent return ratios: ROE: 19.6 percent and ROCE of 24.3 percent on consolidated basis.
In an exclusive CNBC-TV18 panel discussion, market experts SP Tulsian, Dipan Mehta, Daljeet Singh Kohli and Prakash Diwan listed out their top stock bets ahead of the Budget.
Prakash Diwan of prakashdiwan.com is of the view that Ion Exchange may test Rs 390 in about six months.
On conservative side, we have valued the company around at Rs 170-180 zone to Rs 220 on the upper band. However, we feel 20-25 percent can be made by Budget i.e. roughly a month because that has been the trend for this particular stock for almost 3-4 years, says Aashish Tater, Head of Research, Fortunewizard.com.
In an interview to CNBC-TV18, Aashish Tater, head of research at Fortunewizard.com picks Ion Exchange and Manganese Ore India Ltd (MOIL) as his multibaggers.
Ion Exchange (India) can test Rs 200-220 in next 12 months, says Aashish Tater, Fort Share Broking.
Enter Ion Exchange at around Rs 120-130, says Ashish Chugh, Investment Analyst.