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
Jai Corp has reached the momentum phase and could continue to add gains in the days to come. Stock has also broken out from the downward sloping trend line on the weekly charts.
As long as Nifty is trading above 11,600, we maintain buy on dip strategy, said Shabbir Kayyumi of Narnolia
Sudarshan Sukhani of s2analytics.com recommends buying ONGC with stop loss at Rs 156 and target of Rs 162, Maruti Suzuki with stop loss at Rs 7120 and target of Rs 7200 and Mahindra & Mahindra with stop loss at Rs 658 and target of Rs 672.
Rajesh Agarwal of AUM Capital recommends buying Apollo Hospitals with stop loss at Rs 1035 and target of Rs 1110, NIIT Technologies with stop loss at Rs 1268 and target of Rs 1320 and Tata Steel with stop loss at Rs 558 and target of Rs 583.
Ashwani Gujral of ashwanigujral.com suggests buying Bajaj Finserv with a stop loss of Rs 6900, target of Rs 7150, ACC with a stop loss of Rs 1500, target of Rs 1585 and Radico Khaitan with a stop loss of Rs 430, target of Rs 456.
We recommend buying Jai Corp for the upside target of Rs 170 and keep a stop loss below Rs 139, says Nandish Shah of HDFC Securities.
Rajesh Agarwal of AUM Capital recommends buying HCL Technologies with stop loss at Rs 940 and target of Rs 984, Mahanagar Gas with stop loss at Rs 817 and target of Rs 855 and Hexaware Technologies with stop loss at Rs 501 and target of Rs 525.
Here is a list of top three stocks which can give up to 11% return in the short term.
"The momentum indicators and Oscillators like RSI, MACD, and KST are showing strength in the Stock for the short to medium term. Therefore, we recommend buying Jai Corp for the upside target of Rs 181 and keep a stop loss below Rs 154," says Nandish Shah, Technical & Derivatives Analyst at HDFC Securities.
"Nifty is likely to retest 10,650-10,670 levels on upside i.e. Inner Trendline which might work as immediate hurdle zone," says Rajesh Agarwal of AUM Capital.
Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 3 points.
Mitessh Thakkar of mitesshthakkar.com recommends buying HCL Tech with a stop loss of Rs 876 for target of Rs 922 and a buy on Marico with a stop loss of Rs 319 for target of Rs 338.
Ashwani Gujral of ashwanigujral.com recommends buying Jai Corp, Future Consumer and Avanti Feeds.
Ruchit Jain of Angel Broking is of the view that one may buy Brigade Enterprises with a target of Rs 330.
Mitessh Thakkar 0f mitesshthakkar.com has a buy on Ajanta Pharma with a stop loss of Rs 1237, target of Rs 1360 and a buy on DLF with a stop loss of Rs 215, target of Rs 245.
According to Ashwani Gujral of ashwanigujral.com, one can buy Bajaj Auto, Sun TV, Mahindra Lifespace, Jai Corp, Balkrishna Industries, Indiabulls Real Estate and Divis Laboratories.
Mitessh Thakkar of miteshthacker.com recommends buying Jai Corp and NMDC.
Gaurang Shah of Geojit Financial Services is of the view that one may prefer Ashok Leyland.
Ashwani Gujral of ashwanigujral.com recommends buying Orient Cement, Jai Corp, Fortis Healthcare and CESC.
Prakash Gaba of prakashgaba.com recommends buying Jai Corp and Gujarat Mineral Development Corporation.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Sun TV Network with a target of Rs 738.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Sun TV Network with a target of Rs 513.
In an interview to CNBC-TV18's Anuj Singhal and Sonia Shenoy, SP Tulsian of sptulsian.com shared his reading and outlook on the market and also gave recommendations on various stocks.
Rajat Bose of rajatkbose.com is of the view that one can buy ITC and sell Tata Steel.
Shahina Mukadam, Independent Market Expert is of the view that one may buy Delta Corp with a target of Rs 88.