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
The top three stocks which could give up to 17 percent return in 3-4 weeks include Mcleod Russel India, Praj Industries and Quess Corp.
The midcap Index which was again the outperformer, up 1.29 percent led by Jain Irrigation Systems and Jaiprakash Associates while Bajaj Auto, ICICI Lombard General Insurance Company, MphasiS and Vedanta were some of few stocks that hit 52-week high on the NSE.
Sameet Chavan of Angel Broking is of the view that one may sell Godrej Industries with a target of Rs 542.
Ashwani Gujral of ashwanigujral.com feels that Tata Global Beverage may test Rs 250.
Jay Thakkar of Anand Rathi Securities is of the view that one may buy United Spirits with a target of Rs 2720.
Shahina Mukadam, Independent Market Expert is of the view that one may buy Sona Koyo Steering Systems with a target of Rs 125.
Sandeep Wagle of powermywealth.com recommends buying Ceat and McLeod Russel.
Prakash Gaba of prakashgaba.com is of the view that Nifty has support at 9590 and resistance at 9713 while Bank Nifty has support at 23300 and resistance at 23600.
Mitessh Thakkar of mitesshthakkar.com suggests buying ITC, NIIT Tech, Apollo Hospitals, BEML and McLeod Russel.
According to Jay Thakkar of Anand Rathi Securities, one may buy Mcleod Russel with a target of Rs 188.50.
Vishal Malkan of malkansview.com is of the view that one may sell Marico with a target of Rs 285.
Overall data has turned slightly negative and more weakness can be seen. The next support is placed around 9,000 levels. We advise traders to stay cautious in the current expiry.
Mitessh Thakkar of miteshthacker.com is of the view that one may buy Mcleod Russel.
Vijay Chopra of enochventures.com advises buying Reliance Capital with a target of Rs 625.
Ashwani Gujral of ashwanigujral.com is of the view that BHEL may test Rs 190 while one can buy Bajaj Auto closer to Rs 2500.
Ashwani Gujral of ashwanigujral.com advises buying Gujarat Gas, Mcleod Russel (India) and Sun Pharmaceutical Industries.
Mitessh Thakkar of miteshthacker.com recommends buying BEML, McLeod Russel, Tata Elxsi, Shoppers Stop and JBF Industries.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Shoppers Stop and Mcleod Russel.
Mitessh Thakkar of miteshthacker.com advises buying Shoppers Stop and Mcleod Russel.
Rakesh Bansal of RK Global recommends buying BEML with a target of Rs 1313 and Havells India with a target of Rs 455.
Mitessh Thakkar of miteshthacker.com suggests buying Mcleod Russel and Indiabulls Housing Finance.
Mitessh Thakkar of miteshthacker.com recommends buying Jayshree Tea and Kohinoor Foods and advises selling HDIL and Lupin.
Rakesh Bansal of RK Global is of the view that one may buy Maruti Suzuki with a target of Rs 5800.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy HDFC, Strides Shasun and PFC and sell McLeod Russel.
Ruchit Jain of Angel Broking advises sslling Mcleod Russel with a target of Rs 156.