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 BSE Midcap index has plunged a little over 11 percent and the BSE Smallcap index dropped nearly 14 percent in 2018. The carnage was similar on the NSE as well.
Here are top 10 stocks to focus on March 30 - Reliance, ONGC, IGL, Gujarat Gas, Titagarh, Concor, SpiceJet, Jet Airways, Fortis Health and Sesa Sterlite. The Research Team at CNBC-TV18 is also tracking Infosys, L&T, NCC, HCC, IRB Infra, IVRCL and Gammon Infra.
Watch the interview of Gaurang Shah of Geojit BNP Paribas Financial Services who shared his readings and outlook on specific stocks and sector & Pankaj Mathpal, CFP, Managing Director at Optima Money Manager Pvt Ltd answered few personal finance queries.
Vineet Bhatnagar, Managing Director at Phillipcapital is of the view that NCC is the top pick from the construction space.
Sudarshan Sukhani of s2analytics.com is of the view that one may avoid IVRCL as the stock may correct itself.
Sudarshan Sukhani of s2analytics.com recommends exiting IVRCL and advises shifting to ICICI Bank, Axis bank or HDFC Bank.
SP Tulsian of sptulsian.com says that one may enter IVRCL at around Rs 15 with a view of two to three months.
One may buy Housing Development and Infrastructure with a day target of Rs 37.50 and stop loss of Rs 34.50, says SP Tulsian of sptulsian.com.
According to Pankaj Jain of Sunteck Wealthmax, one may go long in IVRCL as it may be moving out of the F&O series from today.
SP Tulsian of sptulsian.com advises buying HDIL with a target price of Rs 37.50 and Bajaj Finserv with a target price of Rs 688.
One may look to exit IVRCL, Lanco infrastructure and GMR as they want to de-leverage their balance sheets, says SP Tulsian of sptulsian.com.
SP Tulsian of sptulsian.com advises selling Jaiprakash Power, Opto Circuit, IVRCL and Crompton Greaves.
SP Tulsian of sptulsian.com advises to go short on Jaiprakash Power Ventures with a target price of Rs 16.50 and Opto Circuit with a target price of Rs 17.50.
Rajesh Agarwal of Eastern Financiers suggests buying Mahindra Ugine Steel Company, IVRCL, Lakshmi Vilas Bank and Alembic Pharmaceuticals.
Rajesh Agarwal of Eastern Financiers advised buying Mahindra Ugine for a target price of Rs 93 and IVRCL for a price target of Rs 17.50.
Pankaj Jain of Sunteck Wealthmax holds a negative view on JSW Energy, PTC Limited, Karnataka Bank and IVRCL. He advises going short on these stocks.
SP Tulsian of sptulsian.com advised buying Adani Power with a target price of Rs 55 and Mahindra Satyam with a target price of Rs 116.
Sharmila Joshi, head of equity at Peerless Securities advised holding IVRCL. "The major improvement that we will see would be when the capex cycle returns," she said.
Phani Sekhar, fund manager of Angel Broking feel the turnaround in IVRCL will be dependent on investment cycle recovery.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell IVRCL.
IVRCL may give 20-25% return in six-eight months, says SP Tulsian of sptulsian.com.
One can sell IVRCL on upside and get into a better stock, better sector, says Pankaj Jain, Director at Sunteck Wealthmax Capital Pvt Ltd.
Kunal Bothra of LKP advises traders to avoid real estate stocks from a portfolio point of view.
Pankaj Jain of Sunteck Wealthmax advised going long in Thomas Cook, Adani Power, IVRCL and INOX Leisure.
Aashish Tater of FortuneWizard.com advised going long in Crompton Greaves with a target price of Rs 106 and going short in Divis Labs with a target price of Rs 1040.