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
“If the monsoon predictions are accurate, the agricultural sector is set for a boost. Rain vs Food inflations although are not so directly related deficient rainfall should theoretically result in lower crop output and drive up prices due to a demand-supply mismatch,” Ritesh Ashar – Chief Strategy Officer (CSO), KIFS Tarde Capital told Moneycontrol.
Now all eyes are on corporate earnings and Karnataka elections along with crude oil movement, experts suggest.
Here is the list of top 17 stocks that can give up to 99% return.
Mitessh Thakkar of mitesshthakkar.com discusses with Prashant Nair and Ekta Batra his analysis on the technical side of the market as well as specific stocks and sectors.
Investors should view markets with sector and stocks specific approach and we don’t recommend to add aggressive shorts but wait for a pullback, Manav Chopra, CMT, Head Research- Equity, Indiabulls Ventures Ltd, said in an interview to Moneycontrol's Kshitij Anand.
"The Fed even is neutral to positive for the markets for the following reasons. a) relief that only two hikes are expected this year, and b) surprisingly the inflation number has not been revised upwards," VK Sharma, Head PCG and Capital Market Strategy at HDFC Securities told Moneycontrol.
Nifty is maintaining the bearish pattern of lower tops on the daily charts, and now the recent top of 10,479 would act as a strong resistance for the medium term.
"Oscillators like RSI & MACD are in oversold zone. Sustenance trade above 10140 levels may add upside momentum till 10,190 and 10,250 marks. Strong support is seen around 9,900-10,000 levels," says Rajesh Agarwal of AUM Capital.
Prabhudas Lilladher expects the Nifty to trade in a range of 9,640-10,500 in the near term.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Engineers India and buy Mahindra & Mahindra.
Mitessh Thakkar of mitesshthakkar.com advises buying Mahindra & Mahindra and feels that Reliance Communications is likely to head to Rs 28.
Dish TV, M&M and Tata Motors, among others, are being tracked by analysts on Friday.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Reliance Industries and Tata Steel and can buy Whirlpool.
Credit Suisse has upgraded Aurobindo to Outperform from Neutral rating with a target price at Rs 750 per share as the stock is attractive for low valuations at 13x FY19 EPS.
Mitessh Thakkar of miteshthacker.com recommends buying Bharat Electronics with a stop loss of Rs 151.50 for target of Rs 164, Can Fin Homes with a stop loss of Rs 528 for target of Rs 560 and Godrej Consumer Products with a stop loss of Rs 1063 and target of Rs 1095.
Earnings downgrade to upgrade ratio moderated on a sequential basis (QoQ) as 65 companies saw earnings cut of over 3 percent (58 in 2QFY18) and 43 companies saw earnings upgrades of over 3 percent (49 in 2QFY18).
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Sun TV and Jindal Steel & Power and can buy Bombay Burmah Trading.
The sharp correction in midcaps makes stock-picking a bit less challenging, as valuation premiums have moderated from the recent highs.
Prakash Gaba of prakashgaba.com is of the view that Ambuja Cements can move to Rs 245 while M&M may test Rs 720.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy M&M, ITC, Dish TV and Ashok Leyland and can sell Godfrey Phillips, Chennai Petro, LIC Housing and DHFL.
Morgan Stanley has Overweight call on PNB with a target price at Rs 215 per share as the company reported stable asset quality and provisions were 12 percent higher than estimate.
Kunal Saraogi of Equityrush advises selling Pidilite Industries with a target of Rs 845.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can sell IRB Infra and can buy Mahindra & Mahindra.
Chandan Taparia of Motilal Oswal Securities suggests buying Indiabulls Housing Finance and Mahindra and Mahindra and has a negative view on Hindalco Industries.
Rahul Shah of Motilal Oswal is of the view that one may buy MM, Can Fin Homes and Tata Steel.