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
In an interview with CNBC-TV18, SP Tulsian of sptulsian.com, gives a positive outlook on cement and few auto stocks.
Ashwani Gujral of ashwanigujral.com recommends buying MMTC and Dredging Corporation and advises selling Union Bank of India.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NTPC and MMTC and sell Havells India.
Ashish Kyal of Waves Strategy Advisors advises buying MMTC with a target of Rs 60.
Ashwani Gujral of ashwanigujral.com advises buying Hindustan Copper, MMTC and Berger Paints.
Sharmila Joshi of sharmilajoshi.com suggests buying MMTC below Rs 40.
Gaurav Bissa of LKP Securities is of the view that MMTC may test Rs 62-65 if it sustains above Rs 54-55.
Here are stocks that should be on your radar - L&T Finance Holdings, Astrazeneca, HDFC Bank, Mphasis, Tech Mahindra, MMTC, BPCL, Infosys, HSIL and Crompton Greaves.
Mayuresh Joshi, VP Institution of Angel Broking recommends selling MMTC on rally and advises to look at IT and pharma stocks on declines, which is also seeing some amount of profit booking because of the higher valuation.
In comparison to MMTC, financial performance of STC is much better. Looking at the valuations STC used to rule at, it may reach Rs 200 in the next few years. Bajaj Corporation has a good distribution network and their almond oil is their best selling product.
Mayuresh Joshi, VP Institution at Angel Broking advises to exit MMTC and enter in Tech Mahindra on declines.
SP Tulsian of sptulsian.com advises investors to be short on companies that have huge foreign debt owing to the depreciating rupee. He asks them to watch out for key announcements next week.
According to Sudarshan Sukhani of s2analytics.com one should exit MMTC. “I do not think one should stay in metal,â€he added.
Aashish Tater of FortuneWizard.com is bullish on STC India, MMTC, Hindustan Copper and Electrosteel Castings and has recommended buy rating on the stocks.
Rajesh Agarwal, Head of Research, Eastern Financiers Limited is of the view that one can sell MMTC.
Sudarshan Sukhani of s2analytics.com recommended selling MMTC. According to him, it was never a buying opportunity.
MMTC may slip to Rs 175, says SP Tulsian, sptulsian.com.
Phani Sekhar, Fund Manager of Angel Broking advised selling MMTC. He feels the stock can slide 10-12 percent more.
In CNBC-TV18's popular show Bull's Eye, Lancelot D Cunha, ITI Wealth Management shares trading strategy of the day.
Sanjeev Agarwal, CEO, Dynamix Research & Capital Management is of the view that one should exit MMTC.
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.
SP Tulsian, sptulsian.com expects that floor price for MMTC OFS to be fixed by the government should not be more than Rs 175.
MMTC may go below Rs 175, says SP Tulsian, sptulsian.com.
MMTC can go below Rs 200, says SP Tulsian, sptulsian.com.
Mehraboon Irani of Nirmal Bang Securities recommended avoiding MMTC and RCF.