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
Most analysts feel the Budget 2017 is likely to have a pro-poor focus. The market will watch for govt's FY18 fiscal deficit target, divestment plans, announcement on the taxation front among others. The market expects govt to relax its FY18 fiscal deficit target of 3 percent.
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy and Anuj Singhal, Sandeep S Shenoy of Pioneer Investcorp shared his reading and outlook on the market and also gave recommendations on various stocks.
Ashwani Gujral of ashwanigujral.com suggests buying Escorts, Punjab National Bank, PTC India Financial Services, NHPC and Century Plyboards.
Edelweiss also maintains buy rating on L&T with target increased to Rs 1802 from Rs 1650 per share.
Prakash Gaba of prakashgaba.com likes Escorts with target of Rs 382 and Larsen & Toubro with target of Rs 1485.
Gaurang Shah of Geojit BNP Paribas advises exiting BHEL and look at Larsen and Toubro, Siemens and KEC International.
In an interview to CNBC-TV18, Prakash Diwan, Market Expert at Altamount Capital Management shared his readings and outlook on specific stocks and sectors.
VK Sharma, Head of Business, Private Client Group at HDFC Securities is of the view that one may buy Tata Communications 680 Call, sell 720 Call while one can buy Torrent Power 185 Call.
JP Morgan stays neutral on TCS with target of Rs 2450 per share as company has shown weakness in revenue growth trajectory in recent quarters.
Ashwani Gujral of ashwanigujral.com feels that Larsen and Toubro may move to Rs 1550.
Credit Suisse stays outperform rating on L&T and Sadbhav Engineering. It has outperform rating on L&T on pick-up in domestic execution, strong earnings growth.
Shahina Mukadam, Independent Market Expert is of the view that one may prefer Larsen and Toubro, State Bank of India and Aurobindo Pharma.
Sudarshan Sukhani of s2analytics.com suggests buying Zee Entertainment, Larsen & Toubro and Coal India.
According to Sharmila Joshi of sharmilajoshi.com, one may remain invested in Larsen and Toubro.
Rajat Bose of rajatkbose.com is of the view that one may hold Larsen and Toubro as it will give good return in the long term.
According to Shahina Mukadam, Independent Market Expert, one may pick State Bank of India, Fortis Healthcare and Larsen and Toubro.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Mindtree, GAIL India, Siemens, Larsen & Toubro and Jubilant Life Sciences.
Sudarshan Sukhani of s2analytics.com recommends buying HCL Tech, Larsen & Toubro, Tata Chemicals and Zee Entertainment while he feels that banks will underperform and advises selling Bank of Baroda.
Vijay Chopra of enochventures.com is of the view that Larsen and Toubro may touch Rs 1450.
Sandeep Wagle of powermywealth.com advises buying Larsen and Toubro at around Rs 1320-1330.
Sudarshan Sukhani of s2analytics.com suggests buying Infosys, BEML and HDFC Bank.
Morgan Stanley maintains overweight target on Maruti with target price at Rs 5899 per share as bookings improved in December.
According to Mitesh Thacker of miteshthacker.com, Larsen & Toubro may head towards Rs 1370-1375.
Prakash Gaba of prakashgaba.com is of the view that Bajaj Finance can climb to around Rs 850, keep stop loss at Rs 785 while Larsen & Toubro can climb to Rs 1360, keep stop loss at Rs 1326.
Prakash Gaba of prakashgaba.com is of the view that one can buy Larsen & Toubro and sell United Spirits.