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
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
Here is a list of top 10 trading stock ideas by different experts which could give up to 20% return in the short term.
In the current week, selling pressure was intensified on the breach of lower band of the broader consolidation range of 10300.
Mitessh Thakkar of miteshthacker.com recommends buying Britannia Industries with stop loss of Rs 4785 for target of Rs 5000 and Infosys with a stop loss of Rs 1144 for target of Rs 1190.
Rakesh Bansal of RK Global advises buying Interglobe Aviation with a target of Rs 1330.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Ipca Labs and Aurobindo Pharma and can sell Siemens and Bosch.
Mitessh Thakkar of miteshthacker.com suggests buying IPCA Laboratories and PC Jeweller.
The firm slashed its FY18-19 earnings per share estimates by 15-30 percent to factor in challenging FY18 & weak Q1FY18.
ITC, Ipca Labs and consumer staples, among others, are being tracked by investors on Thursday.
Pharma stocks have been on an upward trend. In an interview to CNBC-TV18, Deepak Malik, Pharma Analyst of Edelweiss Securities discussed what is happening in the sector.
Moneycontrol analysed pharma stocks with a market cap of over Rs 1,000 crore. In order to find out if there are any scrips available at a reasonable valuation, we used five-year average price-to-earnings as a filter
Cummins, TCS and DB Corp, among others are on analysts' radar on Thursday.