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
Stock has given breakout from symmetrical triangle with above average volumes on weekly charts, which is very bullish for the stock. Currently, the stock is retracing to the vertical up move that was between 3000 and 3200. Our advice would be to buy the stock at current levels and keep a stop loss at 3080.
Mitessh Thakkar of miteshthacker.com suggests buying Hexaware Technologies, Elgi Equipments and McDowell Holdings and advises selling Aurobindo Pharma.
Ruchit Jain of Angel Broking advises buying Tata Global Beverage with a target of Rs 127.
Manoj Murlidharan of Religare Securities recommends buying Hindalco Industries and advises selling McDowell Holdings.
Digesh Shah of Veracity Fin is of the view that one may buy Hexaware Technologies with a target of Rs 231.
Sacchitanand Uttekar of Motilal Oswal Financial Services recommends shorting Cadila Healthcare and likes McDowell Holdings.
Vishal Malkan of malkansview.com recommends buying Reliance Communications with a target of Rs 55 and Bata India with a target of Rs 540.
According to Shrikant Chouhan of Kotak Securities, one may buy Axis Bank with a stoploss of Rs 1,095 and a target of Rs 1170-1180 and Siemens with a stoploss of Rs 580 and a target of Rs 630-640.
Sudarshan Sukhani of s2analytics.com recommends going short on McDowell Holdings as the stock may head for a deeper correction.
According to Vishal Malkan,malkansview.com, one may sell Aditya Birla Nuvo with a target of Rs 1150 and State Bank of India (SBI) with a target of Rs 1575.
Vishal Malkan of malkansview.com recommends buying Zee Entertainment with target of Rs 257 and also advises to buy Aditya Birla Nuvo with a stop loss of Rs 1,115 and a target of Rs 1,175.
Aashish Tater of FortuneWizard.com advised going long on Power Finance Corporation (PFC) with a target price of Rs 135 and keep a stoploss at Rs 125.
Vishal Malkan of malkansview.com recommends to sell McDowell Holdings with a stop loss of Rs 2,320 and for targets of Rs 2,275-2,260.
Gaurav Ratnaparkhi of Sharekhan advised buying Dena Bank with stop loss of Rs 81.50 and a short-term target of Rs 89. Meanwhile, Arunesh Madan of Augment Investment says one can expect a target of Rs 298 and Rs 302 on Tata Motors.
In CNBC-TV18's popular show Bull's Eye, Aashish Tater, fortunewizard.com shares trading strategy of the day.
SP Tulsian of sptulsian.com, says that in the organized retail space, Pantaloon is the best company available in terms of network and infrastructure.
n CNBC-TV18's popular show Bull's Eye, Ashish Kapur, Investshoppe shares trading strategy of the day.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
McDowell Holdings can touch Rs 115, says Aashish Tater, Head of Research, Fort Share Broking.
In an interview with CNBC-TV18 Aashish Tater, head of research, Fort Share Broking picked Zodiac Clothing and McDowell Holdings as multibaggers. He sees these stocks having the potential to fetch better returns going ahead.
Sudarshan Sukhani, s2analytics.com is of the view that McDowell may slip further.
Buy McDowell Holdings, says SP Tulsian, sptulsian.com.