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
Indian Hotels seems to be taking support from a strong upwards sloping support trendline on the weekly timeframe from the last 22 months and the stock has broken out of a downwards sloping parallel channel pattern on the daily timeframe which can be used as a confluence towards the bullish view.
If Nifty has to reach and surpass 16,000, the banking sector will play a vital role. The banking index has to surpass 36,000 if we have to see the benchmark Nifty at new highs, said Sameet Chavan of Angel Broking
Sumeet Jain of Destimoney Securities is of the view that one may buy Thermax with a target of Rs 1010.
Relaxo Footwear gave a share price return of over 7400% over the last 10 years. Check out the performance of the other three listed footwear companies.
There are a lot of investors who are still waiting on the sidelines to get into Indian market, which offers both growth comfort to investors.
Sudip Bandhopadhyay, Market Expert recommends buying Can Fin Homes and feels that PI Industries may test Rs 1000.
Vedanta, Edelweiss, HUL and ICICI Bank, among others, that are on the radar of investors on Wednesday.
All these stocks possess qualities of strong management, wide product portfolio, interlinked with a promising economy.
In an interview to CNBC-TV18, Mayuresh Joshi of Angel Broking shared his readings and outlook on specific stocks and sectors.
Ruchit Jain of Angel Broking is of the view that one may buy Mirza International with a target of Rs 100.
In an interview to CNBC-TV18's Anuj Singhal and Sonia Shenoy, SP Tulsian of sptulsian.com shared his reading and outlook on the market and also gave recommendations on various stocks.
Rajat Bose of rajatkbose.com is of the view that one can buy Mirza International, Bata India and Motherson Sumi Systems.
Sharmila Joshi of Fairwealth Securities advises buying Kaveri Seed Company with a target of Rs 444.
Vishal Jajoo of Nirmal Band Securities is of the view that one may buy Raymond with a target at Rs 468 and Jyothy Laboratories with a target at 229.
Paras Bothra, Ashika Stock Broking advises buying FDC for a target price of Rs 175 and Astra Microwave for a target price of Rs 150.
AK Prabhakar, independent advisor is of the view that one can buy Coromandel International with a long term target of Rs 400 and feels that Mirza International may test Rs 40-50.
Nooresh Mirani of Analyse India advises buying FDC for a target price of Rs 170 and HCL Infosystems for a target price of Rs 95.
Bandyopadhyay helps investors out with their investment queries as part of moneycontrol.com‘s initiative Know Your Investment.
Investment Analyst Ashish Chugh is bullish on Mirza International and Gujarat Gujarat Alkalies. He sees both these stocks having the potential to fetch better returns ahead.
Mirza International has target close to Rs 40, says Ashish Tater, Head of Research, Fort Share Broking.