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
According to Prakash Gaba of prakashgaba.com, ITC is looking weak.
Ashwani Gujral of ashwanigujral.com feels that ITC may decline further.
Triggers behind increase in target price and rating upgrade on the stock would be cigarette volume growth over next 2-3 years, operating margin expansion under GST (goods & services tax), and the trend in GST cess collection, Morgan Stanley said.
Mitessh Thakkar of mitesshthakkar.com advises selling Ceat and Godfrey Phillips.
According to Prakash Gaba of prakashgaba.com, crucial support for the Nifty is at 10115 and the resistance is at 10211 while Bank Nifty has support at 24800 and resistance at 25100-25200 while he has two top buys including ITC and Union Bank of India.
Sanjiv Bhasin of IIFL has ITC, Infosys, Dr Reddy's Labs and NBCC as the top picks.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Zee Entertainment and Larsen & Toubro and sell Punjab National Bank.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Tata Elxsi and sell ITC.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Bajaj Finserv and Tata Chemicals and sell ITC.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Tata Global Beverage and sell ITC and Wockdardt.
Macquarie also slashed target price to Rs 304 from Rs 340, following cut in FY18/19 earnings by 2-5 percent on lower volume assumptions.
Analysts feel, historically, September has been a trending month for the market that is closer to its record high; hence, it will be an interesting month to watch for. They don't rule out new highs in the current month.
Ashwani Gujral of ashwanigujral.com is of the view that one may prefer Godrej Industries, Godrej Consumer Products, Hindustan Unilever and Bajaj Finance.
Sudarshan Sukhani of s2analytics.com recommends buying BPCL, Hindalco Industries and Hexaware Technologies and advises shorting Aurobindo Pharma and Godfrey Phillips.
The Nifty50 which opened with a slight gap on the upside on Tuesday is likely to face stiff resistance around 9,850-9,880 levels.
Ashwani Gujral of ashwanigujral.com suggests buying BPCL, Gruh Finance and United Spirits.
Ashwani Gujral of ashwanigujral.com is of the view that ICICI Bank may fall 10 percent and recommends shorting Tata Chemicals while SRF can move higher.
In an interview to CNBC-TV18's Surabhi Upadhyay and Anuj Singhal, SP Tulsian of sptulsian.com shared his views and outlook on the fundamentals of the market and specific stocks.
According to Gaurang Shah of Geojit Financial Services, one may remain invested in ITC.
Prakash Gaba of prakashgaba.com is of the view that one may buy ITC on dips.
Yogesh Mehta of Motilal Oswal Securities suggests buying IOC, Titan Company and Tech Mahindra and advises shorting BHEL.
A lot of fast moving consumer goods (FMCG) earnings have been in the news over the last few days. Big disappointments coming in from Godrej Consumer Products (GCPL), Marico and yesterday there was that howler from Emami. Today, we are awaiting numbers from Colgate Palmolive (India) and alarm bells have already been sounded by Patanjali announcing market share gains in the toothpaste segment. In an interview to CNBC-TV18, Naveen Kulkarni, Co-Head of Research at PhillipCapital shared his reading and outlook on the same.
Ashwani Gujral of ashwanigujral.com suggests buying Reliance Capital, Larsen & Toubro and Vedanta.
In an interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, SP Tulsian of sptulsian.com shared his views and outlook on the fundamentals of the market and specific stocks.
ITC, ICICI Bank, Dr Reddy’s Labs and ONGC, among others, are on the radar of investors on Friday.