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
On the downside, supports are far, in the band of 11,380-11,400 which is the last week's close and the band of averages.
An index is likely to remain sideways in the range of 10,880 to 10,680 in the forthcoming trading week with slightly negative bias.
The higher high higher bottom formation is nicely poised on the daily timeframe. Due to a further rise in the index, its major technical parameters remain in favour of the bulls.
The road ahead for the market is bumpy and a lot will depend on the course of coronavirus pandemic. Moreover, global cues and measures of governments and central banks will remain important factors for the market.
The timely onset of the monsoon season from June 1 and the likely normal rainfall projects a strong outlook for the kharif sowing season, which is critical at such a challenging time.
MMFS reported around 21 percent YoY (around 27.5 percent QoQ) decline in disbursements across segments, resulting in weak AUM growth of around 15 percent YoY.
Prime Minister, Narendra Modi said the package will focus on four factors - Liquidity, Land, Labour and Laws.
Emkay feels housing finance companies (HFCs) are better placed compared to asset finance companies (AFCs).
Ashwani Gujral of ashwanigujral.com recommends selling Kotak Mahindra Bank with a stop loss of Rs 1,200, target at Rs 1,080 and Tata Consultancy Services with a stop loss of Rs 1,730, target at Rs 1,660.
Once Nifty surpasses 12,300 resistance zones, it can march towards 12,500 and subsequently towards 12,600 levels which are near the rising trend line and upper band of Bollinger Band
As market was testing new highs, emergence of geopolitical tensions could force people to book profits, said experts
Mitesh Thakkar of miteshthakkar.com recommends buying Adani Power with a stop loss below Rs 63 for target of Rs 67 and PAGE Industries with a stop loss of Rs 23200 for target of Rs 24400.
In the last seven day's rally (From Oct 25 to Nov 5) S&P BSE Sensex rallied 3 percent.
Given current market sentiment and high perceived risk towards corporate governance issues, it is best to avoid poorly governed mid and smallcap companies with question marks on their financials, Rusmik Oza advised.
Trends on SGX Nifty indicate a positive opening for the broader indices in India, a gain of 25 points or 0.23 percent. Nifty futures were trading around 11,079-level on the Singaporean Exchange.
The Nifty continues to remain in an uptrend in the medium term, so buying on dips continues to be our preferred strategy.
Mitessh Thakkar of mitesshthakkar.com recommends buying Apollo Hospitals with a stop loss of Rs 1338 and target of Rs 1400, Bharat Heavy Electricals with a stop loss below Rs 71.8 for target of Rs 77 and Hindustan Unilever with a stop loss of Rs 1774 and target of Rs 1810.
Prakash Gaba of prakashgaba.com advises buying HUL with target at Rs 1810 and stop loss at Rs 1765
We believe M&M Financial is well established in hinterland to reap positive benefits in medium term. Thus, we initiate our coverage on the stock with buy rating and a target price of Rs 609 per share.
Early trends put NDA in a comfortable position to form the government that has, to an extent, already been factored by the market after exit polls
If the market sustains above 11,750 on April 25, we may see the index moving into a new high zone in the short term.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Consultancy Services with a stop loss of Rs 2050, target of Rs 2150, DCB Bank with a stop loss of Rs 203, target of Rs 217 and Havells India with a stop loss of Rs 755, target of Rs 780.
Sudarshan Sukhani of s2analytics.com recommends buying IndusInd Bank with stop loss at Rs 1698 and target of Rs 1748, Titan Company with stop loss at Rs 1100 and target of Rs 1136 and Siemens with stop loss at Rs 1042 and target of Rs 1080.
Jagannadham believes buying will sustain in quality mid-caps and small-caps.
Sudarshan Sukhani of s2analytics.com recommends buying Hindustan Unilever with stop loss at Rs 1700 and target of Rs 1735, Dabur India with stop loss at Rs 436 and target of Rs 448 and DCB Bank with stop loss at Rs 195 and target of Rs 204.