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 Nifty Auto Index may well be on the verge of a reversal, with stocks like MRF and Exide Industries lining up as early beneficiaries. While confirmation is always key, the setup is promising—and those watching closely may find themselves ahead of the next big move.
Experts suggest that the Nifty 50 is likely to find support at 24,100, and below this, the 24,000-23,900 zone will be crucial to watch. However, resistance is expected at 24,300 on the higher side. Here are some trading ideas for the near term.
The cooling off of metal prices was the biggest driver for the sector. Metal forms the major portion of auto companies' operating expenses
All automobile segments barring tractors and two-wheelers are expected to post strong year-on-year growth in June, largely on a low base in 2021 when India was battling a devastating second Covid wave
The outlook for many sectors has improved following various steps, including Budget proposals, announced to revive and accelerate economic growth
Brokerage firm ICICI Direct pointed out that a healthy festive period and elements of pent-up demand, channel restocking led the auto industry to remain firmly on the recovery path in Q3FY21.
The final/official list of large, mid and small-caps will be released by AMFI by the first week of January 2021, which will be effective for the February-to-July 2021 period.
In Q2FY21, all the tryre companies registered strong EBITDA margins due to cost-cutting, scale benefits and lower commodity and raw material prices.
The tailwind for tyre sector is expected to continue as long as the coronavirus issue does not come under control. Brokerages point out that the sharp decline in crude prices will further dent crude derivative prices.
Sudarshan Sukhani of s2analytics.com suggests buying Arvind with stop loss at Rs 42 and target of Rs 46 and HDFC Bank with stop loss at Rs 1200 and target of Rs 1265.
Sudarshan Sukhani of s2analytics.com recommends buying Dabur India with stop loss at Rs 459 and target of Rs 474 and MRF with stop loss at Rs 65500 and target of Rs 68750.
Ashwani Gujral of ashwanigujral.com recommends buying Cholamandalam Investment with a stop loss of Rs 324, target of Rs 338 and State Bank of India with a stop loss of Rs 319, target of Rs 334.
One can go long around Rs 65,575 with the stop loss of Rs 64,444 for target of Rs 69,000, says Shabbir Kayyumi of Narnolia Financial Advisors.
Bank Nifty has a clearer long bias on the chart than Nifty, so trader looking for a long opportunity should prefer Bank Nifty, says Shabbir Kayyumi of Narnolia Financial Advisors
Sudarshan Sukhani of s2analytics.com suggests buying Dabur India with stop loss at Rs 395 and target of Rs 419, Aurobindo Pharma with stop loss at Rs 779 and target of Rs 822 and MRF with stop loss at Rs 67000 and target of Rs 69500.
Deutsche Bank has maintained buy call on Apollo Tyres, MRF as well as Ceat.
Sudarshan Sukhani of s2analytics.com suggests buying ACC with stop loss at Rs 1450 and target of Rs 1550, MRF with stop loss at Rs 65100 and target of Rs 66400 and IndusInd Bank with stop loss at Rs 1490 and target of Rs 1580.
Ashwani Gujral of ashwanigujral.com suggests buying Ceat with a stop loss of Rs 1240, target of Rs 1285, ICICI Bank with a stop loss of Rs 355, target of Rs 372 and Larsen & Toubro with a stop loss of Rs 1375, target of Rs 1430.
Sudarshan Sukhani of s2analytics.com suggests buying Adani Ports with stop loss at Rs 321 and target of Rs 372, Ajanta Pharma with stop loss at Rs 1050 and target of Rs 1180 and MRF with stop loss at Rs 65200 and target of Rs 68500.
Sudarshan Sukhani of s2analytics.com suggests buying Torrent Pharma with stop loss at Rs 1600 and target of Rs 1680, KPIT Tech with stop loss at Rs 210 and target of Rs 234 and Havells India with stop loss at Rs 590 and target of Rs 620.
The government raised basic customs duties across air conditioners, refrigerators, washing machines (
However, some midcaps managed to buck the trend and witnessed buying momentum amid selling in the broader market
Ashwani Gujral of ashwanigujral.com suggests buying Bajaj Finserv with a stop loss of Rs 6200, target of Rs 6450 and Larsen & Toubro with a stop loss of Rs 1285, target of Rs 1340.
On a year-to-date (YTD) basis, as many as six out of 10 stocks failed to even match the Sensex’s return of 1.09 percent.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell SREI Infra and can buy Nestle India.