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
"ICICI Bank's valuations are attractive at current levels and it is among our top picks in sector," Jefferies said.
The road ahead for the market is bumpy and a lot will depend on the course of coronavirus pandemic. Moreover, global cues and measures of governments and central banks will remain important factors for the market.
Momentum is likely to be tilted towards bulls in the coming sessions as well and any dip into the prices should be used to create fresh longs
Dinesh Thakkar of Angel Broking said though MF inflows this year have slowed down, he was very confident that MF inflows will pick up from here on as market sentiment improves
The equity market may trade with a negative bias in the short-term, but the broader market will maintain its positive bias in the long-term, Vinod Nair of Geojit Financial Services says.
Despite the hangover induced by the Union Budget, various brokerages initiated coverage on these 10 stocks in July and projected 17-46 percent return in near to mid-term
For next week Nifty has strong support at 11,550-11,500 and resistance at 11,710-11,760, said Sumit Bilgaiyan of Equity99
Equirus Securities said uncertainty regarding elections in 2019 might keep markets volatile.
For the week, Nifty has strong support at 10,725-10,675 levels and resistance at 10,890-10,940 levels.
Angel remains overweight on discretionary consumption theme with stocks like Safari Industries, Bata, Blue Star and Parag Milk Foods.
"We expect revenue, EBITDA and PAT to clock respectively 20 percent, 26 percent and 34 percent CAGRs over FY17-20. Hence, we retain our buy rating Rs 527," says Siddharth Sadani of Anand Rathi Financial Services.
Higher crude oil prices and the rupee’s weakness will continue to dampen sentiment putting pressure on the fiscal deficit and bond yields in the short term, Vikas Jain of Reliance Securities feels
Rajesh Agarwal of AUM Capital recommends buying Indian Oil Corporation with stop loss at Rs 162 and target at Rs 173, a buy in Arvind with stop loss at Rs 412 and target at Rs 430 and a buy also in State Bank of India with stop loss at Rs 245 and target at Rs 257.
"Traders can accumulate the stock in a range of Rs 425-435 levels for the target of Rs 481 and a stop loss below Rs 395," says Shitij Gandhi of SMC Global Securities Ltd.
If Nifty manages to move above the 10500 mark, then we can further see short covering towards 10650 levels as well.
Trends on SGX Nifty indicate a flat opening for the broader index in India, a marginal rise of 1 point or 0.01 percent. Nifty futures were trading around 10,394-level on the Singaporean Exchange.
Nifty could find resistance in the range of 10,430-10,480. However, the level of 10,200 is expected to act a strong support. Stock specific bullishness will continue to be there.
The year 2018 started on a positive note with benchmark indices hitting a fresh record high but things changed soon after the Budget 2018 was announced. Benchmark indices have plunged over 7 percent each from their respective record highs.
Vishal Malkan of malkansview.com is of the view that one may buy Bata India with a target of Rs 745.
Ruchit Jain of Angel Broking is of the view that one may buy Brigade Enterprises with a target of Rs 330.
KEI Industries, Deeapk Nitrite and Kalyani Steel are on the radar of Anand Rathi Share and Stock Brokers
Markets are driven by massive liquidity from domestic investors as well as the optimism of a double digit earnings growth which could well start reflecting in the numbers of India Inc. in the next two quarters.
Ashwani Gujral of ashwanigujral.com recommends buying Berger Paints, REC and Wockhardt.
The approach of investing towards small to midcap in a scenario where the market is trading at record highs should be based on core fundamentals and not momentum in the stocks.
All these stocks possess qualities of strong management, wide product portfolio, interlinked with a promising economy.