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 structure of Hero MotoCorp looks very impressionable for long-term investors, as it has experienced a breakout of a W-formation on the weekly timeframe.
Experts said trades could continue to be rangebound in the coming days and if the Nifty 50 closes decisively above 18,000-18,100, then it may rally towards record high levels.
If the Nifty breaks above the 20-Day SMA (18,050), it can be assumed that profit booking and the correction have come to an end. The index may resume its upmove towards 18,400, 18,600 and eventually towards a fresh life time high
The second wave of the coronavirus is the main reason why most banking stocks failed to carry forward the healthy Q4FY21 numbers. With economic activity picking in June, business growth is expected to improve from the second half of FY22, say experts
Japanese brokerage firm Nomura says the Supreme Court judgment favours banks and is positive for SBI and ICICI Bank.
Gaurav Ratnaparkhi of Sharekhan advises buying Dr Reddy's Lab with a target of Rs 2283.
Bulls continue their dominance on D-Street and it becomes important for investors to park their money in names which can give steady returns in short to medium term.
According to Prakash Gaba of prakashgaba.com, Jammu and Kashmir Bank looks good for target of Rs 73-75 and NCC for target of Rs 90.
According to Sudarshan Sukhani of s2analytics.com, one can buy Ashapura Intimates Fashion and Heritage Foods and advises selling Divis Labs and Engineers India.
Citi is neutral on Tata Steel with target at Rs 450 per share at it expects successful restructuring at European operations would be a key upside trigger. It says gain of 48 percent year-to-date likely discounts some restructuring expectation.
Sharmila Joshi of sharmilajoshi.com is of the view that one may exit Jammu and Kashmir Bank.
Rajat Bose of rajatkbose.com is of the view that one may exit Jammu and Kashmir Bank on any rise.
With maintaining buy rating on Motherson Sumi with a target price of Rs 356, UBS says it is a multi-year story and expects 24 percent EPS CAGR over FY16-19 period.
Jay Thakkar of Sharekhan advises buying Ceat with a target of Rs 1341.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Engineers India and sell Havells India and Apollo Tyres.
Citi has a sell rating on TCS and slashed target price to Rs 2155 per share from Rs 2315 per share. It has also lowered FY17/18 EPS estimate by 1/2 percent. It says demand outlook remains challenged with multiple headwinds.
Ashish Kyal of Waves Strategy Advisors advises buying Cox & Kings with a target of Rs 253.
According to Ashwani Gujral of ashwanigujral.com, one can buy NBCC, Mahindra & Mahindra Financial Services and Kalyani Steel.
Jay Thakkar of Sharekhan advises buying NBCC with a target of Rs 249.
Stocks expected to gain are Sundram Fast, J&K Bank, Adani Ports, Aptech, PFC, Jubilant Life, Natco Pharma, Nitesh Estates, Globus Spirits and Emco, while stocks expected to be under pressure are Lupin, United Bank, Uco Bank, IOB, JK Tyre, Concor, Patel Integrated, Anuh Pharma, Gokaldas Exports, Kennametal, Indag Rubber, Huhtamaki PPL.
SP Tulsian of sptulsian.com is of the view that one may look at Federal Bank and Jammu & Kashmir Bank.
SP Tulsian of sptulsian.com has a negative view on Jammu and Kashmir Bank.
Kunal Bothra of LKP Securities prefers Jammu and Kashmir Bank and recommends buying ICICI Bank.
Here are top 10 stocks to keep an eye on February 9 - Tata Power, Reliance Infra, DLF, Tata Steel, Jet Airways, Jammu and Kashmir Bank (J&K) Bank, Marico Kaya, Apollo Tyres, IPCA Labs, Balmer Lawrie, TV Today, Technocraft, Vascon Engineers, Pricol AND VA Tech Wabag.
Manish Hathiramani, Proprietary Trader and Technical Analyst at Deen Dayal Investments Jammu and Kashmir Bank may touch Rs 150.