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
Birlasoft and Ipca Labs show bullish patterns on technical charts. Read on to know what Rohan Patil of Bonanza Portfolio suggests you should do.
As of now, the index has given a breakout so the upper range for the Nifty is extended till 17,800 and the support for the Nifty is placed near 17,255 levels, said Rohan Patil of Bonanza Portfolio. Read on to know his views on ICICI Lombard, Ipca Labs and Mphasis
Traders should trade with a positive bias and look to buy Ipca Labs in the range of Rs 1,060-1,050 for a potential target of Rs 1,130 in the short term. One should place a stop-loss below Rs 1,020 on the positions.
On the upside, 14,616 will act as a make-or-break level. A break above it may see the NIfty move higher towards 15,000-15,050 and eventually towards 15,220.
Sanjeev Hota of Sharekhan by BNP Paribas feels there could be further positive earnings surprise in store for Q4FY21.
Bank Nifty is looking much stronger than Nifty and we can expect it to test 25,000-25,250 levels in the coming sessions.
With robust performance amid challenging times, Airtel is one of the better placed telecom players, ICICI Direct said.
Experts and analysts expect a change in market leadership in the post-COVID world in which telecom, healthcare, speciality chemicals, and rural consumers may dominate other sectors.
Aashish Somaiyaa of Motilal Oswal Asset Management Company advised that one should avoid panic and remain invested.
Experts continue to warn that the market will keep oscillating between rise and fall and one must remain cautious while taking a call for trade.
Ashwani Gujral of ashwanigujral.com recommends buying Chambal Fertilizers with a stop loss of Rs 175, target of Rs 190 and Muthoot Finance with a stop loss of Rs 768, target of Rs 790.
The Sensex rose 158.58 points (0.39 percent) to end at 40,323.61, while the Nifty added 17.55 points (0.14 percent) ended at 11,908.15 in week ended November 8.
If Nifty crosses and sustains above 11,950 levels it would witness buying which would lead the index towards 12,000-12,100 levels
Bollinger band volatility breakout can come above 11,300 marks which can add further strength to the current up move.
For next week, Nifty has strong support at 11,650-11,580 and resistance at 11,825-11,900
If the voters vote for a stable government then we expect reform momentum to continue which would further support earnings growth.
We believe ongoing consolidation would help it to cool off the overbought situation of the weekly stochastic oscillator (at 90), in turn, making the market healthier.
We recommend investors to start accumulating quality midcap stocks to ride the next leg of major up move (around 30 percent from hereon)
Sudarshan Sukhani of s2analytics.com recommends buying Bata India with stop loss at Rs 1240 and target of Rs 1290, IndusInd Bank with stop loss at Rs 1500 and target of Rs 1530 and UPL with stop loss at Rs 805 and target of Rs 840.
Japanese brokerage house Nomura has retained its buy call on Ipca Laboratories and raised price target to Rs 1,005 from Rs 915 apiece after revising earnings growth estimates upward.
Nomura expects Ipca Labs to sustain 11-13 percent growth, and in exports & API, it expects 18 percent revenue CAGR over FY19-21.
Manali Bhatia of Rudra Shares and Stock Brokers said the upcoming forex reserve data & performance of Brent crude in next week may provide clarity on whether rupee to stabilise or not.
Rajesh Agarwal of AUM Capital recommends buying HCL Technologies with stop loss at Rs 1058 and target of Rs 1100, JK Paper with stop loss at Rs 168 and target of Rs 179 and Ipca Laboratories with a stop loss at Rs 774 and target of Rs 798.
Mitesh Thacker of miteshthakkar.com suggests buying Havells India with a stop loss of Rs 556 and target of Rs 585 and Reliance Industries with a stop loss of Rs 1014 and target of Rs 1090.
With challenges on the macro front and increasing political headwinds faced by the BJP heading into the 2019 general elections, Prabhudas Lilladher believes traders are likely to remain cautious