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
Sudarshan Sukhani of s2analytics.com is of the view that HDFC and HDFc bank should outperform Nifty.
Mitesh Thacker of miteshthacker.com is of the view that one can buy MRF and sell Coal India.
With retaining neutral rating on Jubilant, Goldman Sachs has lowered its FY17-19 EPS (earnings per share) 17-22 percent to reflect lower same-store-sales growth (SSSG) assumptions. As a result, it also lowered 12-month blended target price to Rs 996 (from Rs 1,100).
Here are a few stocks picked up by CNBC-TV18's analysts to keep on your radar for trade today -- stocks expected to gain are HUL, Cox & Kings, Motherson Sumi, Reliance Communication, Bharti Infratel, IDBI Bank, Crompton Consumer, Cairn, Eros International while stocks expected to be under pressure are Yes Bank, TCS, SAIL, JSPL, Puravankara.
Citi has a sell rating on TCS with a target at Rs 2447 per share on premium valuations in the sector context.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Bharat Forge and Reliance Infra and sell JSPL.
Chandan Taparia of Anand Rathi Securities recommends buying GAIL India, Bharat Financial and Motherson Sumi and advises selling Jindal Steel & Power and Bank of India.
Avinash Gorakshakar, Market Expert is of the view that one may stay invested in Jindal Steel & Power.
Ashwani Gujral of ashwanigujral.com recommends selling Rural Electrification Corporation and Jindal Steel & Power and advises buying Hindustan Unilever.
Rakesh Bansal of RK Global suggests buying Indiabulls Housing Finance with a target of Rs 835.
The Director General of Anti-Dumping (DGAD) has recommended anti-dumping duty on imports of HRC products from China, Japan, Korea, Russia, Brazil and Indonesia. HR forms 50 percent of steel imports and the six countries form 98 percent of HR exports to India.
Ruchit Jain of Angel Broking advises buying Jubilant Foodworks with a target of Rs 1325.
Vishal Malkan of malkansview.com is of the view that one may buy JSW Steel with a target of Rs 1720.
Vijay Chopra of enochventures.com is of the view that one may buy Chennai Petroleum Corporation with a target of Rs 280.
In an interview with CNBC-TV18, market expert SP Tulsian gave his stock picks for the day and shared his views on the IT raid at Indiabulls Housing.
Jay Thakkar of Sharekhan is of the view that one may buy Balrampur Chini Mills with a target of Rs 137.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Engineers India, Aditya Birla Nuvo and Reliance Capital.
I won‘t be surprised to see pharma as the story for July series and won‘t be surprised in seeing a big upsurge in all big pharma, said SP Tulsian.
Rakesh Bansal of RK Global is of the view that one may buy CESC with a target of Rs 618.
Ashwani Gujral of ashwanigujral.com recommends buying Siemens and JSPL and feels that Asian Paints may test Rs 985.
Sarvendra Srivastava of phisense.com is of the view that one may buy Gabrial India with a target of Rs 96.9.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy BPCL and Voltas and sell Jindal Steel & Power.
Ashwani Gujral of ashwanigujral.com advises buying Network 18 Media.
Here are a few stocks picked up by CNBC-TV18's analysts to keep on your radar for trade today- SKS Microfinance, Sun Pharma, Orient Cement, Nucleus Software, Nelco, Carborundum Universal, Federal Bank, JSPL, Hexaware Tech, Bharat Forge, Ricoh India, Dewan Housing & Just Dial.
In an interview of SP Tulsian of sptulsian.com with Latha Venkatesh & Sonia Shenoy on CNBC-TV18, he shared his readings and outlook on market and specific stocks.