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
To tide the volatility, investors can spread investments over months and remain invested for at least three years: SMC Global Securities
For the week, Nifty has strong support at 10,725-10,675 levels and resistance at 10,890-10,940 levels.
We have buy coverage on L&T Technology Services with a target price of Rs 1,940 per share.
L&T Technology Services is one of the better placed company with significant exposure to this market providing better growth prospects for the company.
We expect L&T Tech to grow its consolidated revenues at CAGR of 23 percent for the next two years and reach Rs 4895 crore in FY19 and Rs 5696 crore in FY-20 on back of large opportunity present across capex intensive business and sustained momentum of ramping up of existing clients, says Siddharth Sedani of Anand Rathi Shares and Stock Brokers.
Inflation remains to be a concern for the markets - rising petrol & diesel prices directly affect the business.
IT & pharma sectors are also seeing an upmove, considering reasonable valuations and factors such as rupee depreciation, which could turn favorable for such segments.
We believe L&T Technology Services is well set to tap the shift in ER&D spending from products to software and services, and a rising preference for third-party players.
Looking at IIP and GDP numbers, one thing is quite clear that India is on high growth trajectory, Sumit Bilgaiyan of Equity99 said.
The S&P BSE Sensex hit a fresh record high of 37,327 while Nifty50 hit a fresh record high above 11,200 at 11,253 in the morning session.
With monsoon set to arrive on time, the coming week will be extremely important for investors and the market alike.
The support level for the index now gets upgraded to 26,500. The Nifty is approaching its crucial hurdle of 10,800.
Prakash Gaba of prakashgaba.com advises buying ACC with a target at Rs 1400.
On the technical front, 10,650-10,600 spot levels should act as a strong support area for Nifty spot with the current trend likely to continue towards 10,800-10,850 levels.
Here is the list of 12 top stocks that can give upto 47% return over 12-15 months period.
Tata Sons, the holding company of the Tata Group is selling a small stake in its crown jewel Tata Consultancy Services (TCS). This will help Tata Sons raise around Rs 8,000 crore, which it can then use to invest in other group companies. In an interview with CNBC-TV18, Ravi Menon, Analyst-IT Services at Elara shared his views and outlook on the same.
According to Sharmila Joshi of sharmilajoshi.com, one may hold L&T Technology Services.
Rajat Bose of rajatkbose.com is of the view that one may hold L&T Technology Services.
Cipla, Lupin and Tata Motors, among others, being tracked by investors on Wednesday.
One can expect more short covering once index will move above 10,250 levels. For the near term, we expect its buy on dip markets and one can use any dip as a buying opportunity.
Strong client base, niche focus could help the company post better earnings, feels CLSA. It expects L&T Tech to clock revenues of USD 1 billion in five years and is upbeat on the company‘s long-term prospects.
An analysis of December quarter results by the brokerage showed that they continued to under-grow global digital pure-plays sharply and have significant variance in their performance.
Bank of America Merrill Lynch says new Range Rover launch will strengthen product pipeline of JLR. With that volume outlook strengthened but launch cost is likely to recur, it feels.