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
Although the trend has been extremely strong, we reiterate that one should avoid getting complacent at such elevated levels, says Sameet Chavan of Angel One.
In the daily time frame, the bullish momentum is losing steam as RSI has shifted to the sideways zone from the bullish zone.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on the market and specific stocks and sectors.
Rahul Arora, CEO at Nirmal Bang Institutional Equities is of the view that one can buy Lakshmi Machine Works.
According to Sudarshan Sukhani of s2analytics.com, Century Textiles is a positional short and recommends buying Lakshmi Machine Works.
Girish Pai, Head-Research, Nirmal Bang Institutional Equities in an interview to CNBC-TV18 gave his rationale behind recommending a buy on Lakshmi Machine, Power Mech and Greenply.
Rahul Arora, CEO at Nirmal Bang Institutional Equities has a positive view on TD Power Systems and Lakshmi Machine Works.
On CNBC-TV18's show Super Six, market gurus Shardul Kulkarni of Angel Broking, Arunesh Madan of Augment Investment and Manas Jaiswal of manasjaiswal.com, place their bets on two stocks each, thus offering investors a variety of options to choose from.
See upside in Lakshmi Machine Works, says Rajen Shah, CIO, Angel Broking.
Lakshmi Machine Works can move to Rs 2400 in six to eight months time, says SP Tulsian, sptulsian.com.
Portfolio Manager, PN Vijay is of the view that Lakshmi Machine Works can go upto Rs 2500 in next 12 months.
Lakshmi Machine Works can touch Rs 2500 in the next six months, says Investment Advisor, SP Tulsian.