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
Parag Thakkar of HDFC Securities has a bullish view on road, railway, defence and renewable energy space.
Aashish Tater of Fortunewizard.com is bullish on Texmaco Rail, Kalindee Rail and Texmaco Infrastructure and Holdings and expects upside in the stocks.
Mayuresh Joshi of Angel Broking is of the view that one may stay away from railway stocks. "I don't think efficiency ratio of these companies will improve in the near future," he reasoned.
Top 10 stocks that CNBC-TV18‘s research team says should be watched today are HCL Tech, Bharti Airtel, Tata Steel, Zee Ent, Nestle, Onmobile, JK Tyre, Orchid Chemicals, Mangalore Chemicals, and Kalindee Rail.
Vishal Malkan of malkansview.com is of the view that one may exit Kalindee Rail Nirman (Engineers) and prefer Aurobindo Pharma or Tata Motors.
According to Rajesh Agarwal, Head of Research of Eastern Financiers, one may sell Kalindee Rail Nirman (Engineers) as the numbers are not that good enough to hold on to the stock.
Phani Sekhar, Fund Manager of Angel Broking is of the opinion that one may book profits in Kalindee Rail Nirman (Engineers).
ShriramAhead of the Railway Budget on February 26, the Railway stocks seemed weak on account of huge sell-off. In an interview to CNBC-TV18, SP Tulsian says that the market is on the right track in being cautious towards Railway stocks.
Rajesh Agarwal, Eastern Financiers is of the view that Kalindee Rail can touch Rs 100 in the next six to nine months.
Buy Kalindee Rail, says SP Tulsian of sptulsian.com.
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Madhumita Ghosh of Unicon Investment advised investing in Kalindee Rail.