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
Interestingly, from these 12 names, there are three stocks that have already more than doubled investor’s wealth in last one year. Sadhana Nitro Chem, HEG and National Peroxide gained 1435%, 117% and 101%, respectively.
Morgan Stanley, which has overweight call on ITC with a target price at Rs 320, said the stable cigarette volume environment may allow company for calibrated price hikes.
Going ahead, expect the index to undergo some time-correction for a while, but the range would be slightly wider. It's advisable to keep booking existing shorts and ideally adopt a stock-centric approach.
The scrip witnessed a strong upward reversal for an extended period despite a negative market breath, and witnessed a decisive breakout from its long-term 200-days EMA level placed at Rs 283 levels.
Short-covering is expected to limit the downward swing till expiry, and hence it will be advisable to remain cautious and remain stock specific
Rajesh Agarwal of AUM Capital recommends buying Torrent Power with stop loss at Rs 228 and target of Rs 248, Jubilant Foodworks with stop loss at Rs 1230 and target of Rs 1315 and Graphite India with stop loss at Rs 1010 and target of Rs 1070.
Macquarie has recently upgraded its Nifty50 target to 12,000 for March 2019. It expects largecaps to perform better than midcaps as the latter is still vulnerable from valuations and flows
Dividend-paying stocks make an ideal portfolio play especially in times of crisis. These stocks tend to absorb the volatility and remain relatively stronger in such a scenario
We expect the ongoing correction to mature in the coming 1-2 weeks around the major support area of 10,200.
Rajesh Agarwal of AUM Capital recommends buying Bajaj Finance with stop loss at Rs 2198 and target of Rs 2350, NIIT Technologies with stop loss at Rs 1163 and target of Rs 1235 and Bandhan Bank with stop loss at Rs 498 and target of Rs 530.
Bulls should only be able to regain control if the index reclaims 11,170 levels comfortably, else we may consolidate around current levels.
Macquarie believes potential double-digit cigarette EBIT growth will lead to valuation re-rating.
Strong support is seen near Rs 280-285 zones where 61.8 percent Fibonacci retracement is located of the same upward swing, says Shabbir Kayyumi of Narnolia Financial Advisors.
We recommend traders to buy this stock around Rs 295 with a price target of Rs 315. A stop loss should be placed below Rs 287, says Aditya Agarwal of Way2Wealth Brokers.
Rajesh Agarwal of AUM Capital recommends buying Indian Hotels with stop loss at Rs 130 and target of Rs 144, Can Fin Homes with stop loss at Rs 228 and target of Rs 248 and Cyient with stop loss at Rs 733 and target of Rs 753.
Citigroup highlights top 10 stock ideas which could give decent risk-to-reward to investors
Rajesh Agarwal of AUM Capital recommends buying L&T Finance Holdings with stop loss at Rs 134 and target of Rs 150, Apollo Hospitals with stop loss at Rs 1012 and target of Rs 1085 and ITC with stop loss at Rs 299 and target of Rs 310.
Rahul Mohindar of viratechindia.com is of the view that one can sell Tata Consultancy Services with target of Rs 2085 and stop loss at Rs 2085 and buy Dr Reddy's Laboratories with target of Rs 2680 and stop loss at Rs 2460.
Nifty FMCG index has been the second-largest sectoral gainer, up 16% YTD against 10% in Nifty50. Major FMCG stocks have rallied between 10-60% YTD.
Prakash Gaba of prakashgaba.com suggests buying India Cements with target at Rs 133 and stop loss at Rs 124, ITC with target at Rs 325 and stop loss at Rs 315 and Sun Pharma Advanced with target at Rs 425 and stop loss at Rs 390.
Rajesh Agarwal of AUM Capital recommends buying J Kumar Infraprojects with stop loss at Rs 264 and target of Rs 280, Power Grid Corp with stop loss at Rs 192 and target of Rs 200 and ITC with stop loss at Rs 313 and target of Rs 329.
Rajesh Agarwal of AUM Capital recommends buying UPL with stop loss at Rs 669 and target of Rs 695, Yes Bank with stop loss at Rs 359 and target of Rs 375 and SRF with stop loss at Rs 2000 and target of Rs 2120.
Going forward, we expect the Nifty to maintain buoyancy and eventually head towards 11,925 levels in coming weeks given the robust price structure.
The sharp up move in the last three sessions from the support area has seen the index almost testing their embarked target of 11,600.
The Nifty index is continuously trading above its short-term upward trend line (trend line drawn from 28th June to 20th July’s 2018 low) which indicates that the index has potential to move higher around 11,495 (life time high level) and 11,588.