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
Auto companies like Hero MotoCorp, M&M and Escorts also highlighted rural growth recovery. India Inc. expects the demand trends to strengthen as we move into 2HFY18.
Mitessh Thakkar of miteshthacker.com recommends buying Dalmia Bharat, Mahindra & Mahindra, Adani Power, Tata Power and Sun TV Network.
Sandeep Wagle of powermywealth.com suggests buying Mahindra & Mahindra and CESC.
The index closed on a flat note but there plenty of action seen in the S&P BSE 500 index. Ten stocks rose in the range of 10-22 percent in just 5 trading days which include names like Radico Khaitan which rallied 22 percent, followed by Hatsun Agro which surged 15 percent, and Religare Enterprises was up by 15.5 percent in the same period.
Axis Bank, SBI and M&M, among others, being tracked by analysts on Monday
Motilal Oswal has maintained a buy on State Bank of India with an upside potential of 25 percent while it feels that Tata Motors with its strong JLR numbers can give 36 percent return.
Market leadership, marquee clients in its kitty, its focus on developing technologically advanced products and adoption of LED-based products provide an improved earnings visibility for the company
Mitessh Thakkar of miteshthacker.com recommends buying Balkrishna Industries and Dish TV.
Mitessh Thakkar of miteshthacker.com recommends buying Federal Bank, Bajaj Auto, Mahindra & Mahindra and Sun Pharma.
Bank Nifty was marginally in the green, up 0.12 percent but the stock which zoomed was Federal Bank that zoomed 5.38 percent after the company declared strong Q2 numbers while ICICI Bank was up 1 percent.
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.
Bharti Infratel continued its dominant form from last week as the stock was the most active gainer in the Nifty, gaining over 2.47 percent followed by Vedanta and Tata Motors which were up 2.12 percent and 1.71 percent respectively.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the trend is still up, and the next logical technical target is 10315-10537 as long as 10000 holds. The crucial support for the Nifty is at 10000 and the resistance is at 10181-10200-10315-10537. Bank Nifty on the other hand has support at 24534 and resistance at 24785-24900.
Back in August and early September on multiple occasions, Nifty had faced resistance around supply point of 9,930-9,990.
On the BSE Index, over 100 stocks hit fresh 52-week high including names like Bata India, TVS Motor Company, Dabur India, Deepak Fertilizers, Kolte Patil Developers and Chambal Fertilizers.
Sharekhan has carefully chosen 10 quality picks to make another market‐beating portfolio. This portfolio is well balanced and provides superior returns, without any unnecessary risk.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Punjab National Bank ad can buy Mahindra & Mahindra.
Mitessh Thakkar of mitesshthakkar.com suggests buying Reliance Industries.
Ashwani Gujral of ashwanigujral.com feels that Jaiprakash Associates may test Rs 24-25.
Tata Motors, HDFC and Cadila Health, among others, are being tracked by analysts on Thursday.
Ahead of the The Researve Bank of India's monetary policy meeet, interest rate sensitive stocks including the likes of real Estate, NBFCs and auto stocks were trading in the green while banking stocks were mixed with SBI trading positive and ICICI Bank, HDFC Bank and Axis Bank in the red.
According to Sudarshan Sukhani of s2analytics.com, one may short Mahindra and Mahindra and PVR.
Ashwani Gujral of ashwanigujral.com suggests selling Mahindra and Mahindra and HDIL.
Traders might not like the current volatility in the market but for long-term investors, it is a golden opportunity to buy into quality stocks for a minimum holding period of 1 year.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Adani Ports and Special Economic Zone, National Aluminium Company, Dr Reddy's Laboratories and Gujarat State Petronet Limited and can sell Jet Airways and Mahindra & Mahindra.