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
LG Balakrishnan and Brothers has witnessed a breakout of an ascending triangle formation and a multi-month breakout with the heavy volume on the daily chart. The structure of the counter looks lucrative as it trades above its important moving averages.
The immediate support for the Nifty50 is placed near 17,800 and if prices break below these levels, 17,630 will be the next level to watch for, said Rohan Patil of Bonanza Portfolio.
Bharat petroleum Corporation and Indiabulls Housing Finance which added over 2 percent each on the Nifty while a total of 142 stocks hit 52-week high in today's trade on the BSE Index.
The fall was largely aided by Reliance Industries which was down 0.68 percent. IndusInd Bank was the top Nifty loser down over 2 percent while Godrej Agrovet was the most active stock.
G Chokkalingam, Founder & MD at Equinomics Research & Advisory is of the view that Polaris Consulting may hit Rs 220 while one can look at Nagarjuna Fertilisers with a view of 1-3 years.
In an interview to CNBC-TV18, G Chokkalingam, Founder & MD of Equinomics Research & Advisory discussed fundamentals of the market and shared outlook on his top picks.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy TVS Motor and Tata Communications and sell pharma stocks including Aurobindo Pharma, Sun Pharma and Lupin on rallies.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sectors.
Jai Bala of 1857 Advisors is of the view that LG Balakrishnan and Brothers may test Rs 900 in the medium term.
Jai Bala of 1857 Advisors is of the view that one may look at OnMobile Global and LG Balakrishnan.
Jai Bala of 1857 Advisors is of the view that Bombay Burmah Trading Company looks attractive.
Ajay Bodke of Prabhudas Lilladher is of the view that one may prefer LG Balakrishnan and Motherson Sumi Systems.
Ajay Bodke of Prabhudas Lilladher is of the view that one may prefer LG Balakrishnan and Brothers and Motherson Sumi Systems with a medium term view.
The top 10 stocks that CNBC-TV18 team has its eyes on are: BHEL, Aban Offshore, Bank of Baroda, Ranbaxy, HCL Tech, Escorts, Jet Airways, Power Grid, Cummins India, LG Balakrishnan & Bros
Investment Advisor, SP Tulsian expects LG Balakrishnan and Brothers to move to about Rs 400 in the next 6-8 months.