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
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bharat Forge, Infosys, M&M Financial Services, Marico and Asian Paints and can sell Dalmia Bharat.
Rajat Bose of rajatkbose.com recommends buying Escorts, M&M Financial Services and CESC.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell JP Associates and Hexaware Technologies and can buy ONGC.
Watch the interview of SP Tulsian of sptulsian.com with Anuj Singhal, Latha Venkatesh & Sonia Shenoy on CNBC-TV18, in which he shared his readings and outlook on fundamentals of market and specific stocks.
Mitessh Thakkar of miteshthacker.com advises buying Aurobindo Pharma with a target of Rs 710.
Ashwani Gujral of ashwanigujral.com suggests buying Mahindra & Mahindra Financial Services.
According to Sandeep Wagle of powermywealth.com, one may buy Mahindra & Mahindra Financial Services and Arvind.
According to Ashwani Gujral of ashwanigujral.com, one may buy Tata Global Beverage and Tata Elxsi.
Chandan Taparia of Motilal Oswal Securities recommends buying Bharat Electronics, Hindustan Unilever and M&M Financial Services.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Global Beverage with a stop loss of Rs 278, target of Rs 294, DLF with a stop loss of Rs 235, target of Rs 242 and a buy also on KEC International with a stop loss of Rs 338, target of Rs 360.
Mitessh Thakkar of miteshthacker.com recommends buying M&M Financial Services, Hindustan Unilever, Mahanagar Gas and Idea Cellular.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy RIL, Bharat Financial, DHFL, Bharat Forge and M&M Financial and advises selling Grasim Industries.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the Nifty still looks weak and the next logical target on the downside is 10013 while stiff resistance is at 10260. The crucial support for the Nifty is at 10094-10013 and the resistance is at 10260. Bank Nifty on the other hand has support at 24782-25030 and resistance at 25400.
Jay Thakkar of Anand Rathi Securities is of the view that one may sell Hindustan Zinc Future with a target of Rs 290.7.
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 mitesshthakkar.com advises buying IndusInd Bank and M&M Finance.
Sandeep Wagle of powermywealth.com is of the view that one can buy M&M Financial Services and sell Bata India.
Mitessh Thakkar of miteshthacker.com has a sell on BEML with a stop loss of Rs 1711 for target of Rs 1640 and a buy on Jindal Steel & Power with a stop loss of Rs 167.50 for target of Rs 178.
According to Technical Analyst Prakash Gaba of prakashgaba.com, we are very close to the first line of defense at 10184 and if that goes then even 10089 is not ruled out. The crucial support for the Nifty is at 10184-10089-9994 and the resistance is at 10380-10400. Bank Nifty on the other hand has support at 25200 and resistance at 25600.
Sandeep Wagle of powermywealth.com is of the view that one can buy M&M Financial Services while one can sell PTC India.
Prakash Gaba of prakashgaba.com is of the view that M&M Financial Services can climb to Rs 450 while Vedenta can slide to Rs 308.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Mahindra & Mahindra Financial Services and buy Sun Pharmaceutical Industries, Tata Steel, Voltas and Page Industries.
Domestic money has been one of the driving factors in driving rally in the small and midcap space but analysts’ are of the view that the risk to midcaps is a change in the global liquidity, which will impact the overall performance of the broad market risking mid-caps to underperform.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Mahindra & Mahindra Financial Services, PFC, Yes Bank and TVS Motor and can sell IDFC Bank and Jaiprakash Associates.
Ashwani Gujral of ashwanigujral.com has a buy on Gujarat Alkalies with a stop loss of Rs 775, target of Rs 800, a buy on Gujarat Fluorochemicals with a stop loss of Rs 920, target of Rs 960 and a buy on GSFC with a stop loss of Rs 156, target of Rs 170.