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
Mitessh Thakkar of mitesshthakkar.com recommends buying Axis bank with a stop loss below Rs 638 for target of Rs 675, ICICI Bank with a stop loss of Rs 369.4 and target of Rs 400 and MCX India with a stop loss of Rs 733 and target of Rs 765.
Sudarshan Sukhani of s2analytics.com recommends buying Dr Reddy's Laboratories with stop loss at Rs 2645 and target of Rs 2735, Tech Mahindra with stop loss at Rs 678 and target off Rs 705 and Hero MotoCorp with stop loss at Rs 3000 and target of Rs 3080.
Mitessh Thakkar of mitesshthakkar.com suggests buying Axis Bank with a stop loss of Rs 617 and target of Rs 645, Colagate Palmolive with a stop loss of Rs 1114 and target of Rs 1160 and IRB Infra above Rs 145 with stop loss of Rs 141.5 and target of Rs 154.
Rajesh Agarwal of AUM Capital recommends buying Dalmia Bharat with stop loss at Rs 1994 and target of Rs 2077 and Bajaj Auto with stop loss at Rs 2548 and target of Rs 2630.
Jhunjhunwala buys shares through his company Rare Enterprises, his own or wife Rekha’s name as well as in the name of Rakesh Radheshyam Jhunjhunwala.
Rajesh Agarwal of AUM Capital recommends buying Hindustan Petroleum Corporation with stop loss at Rs 198 and target of Rs 220, Dredging Corporation with stop loss at Rs 327 and target of Rs 355 and Graphite India with stop loss at Rs 855 and target of Rs 900.
Sudarshan Sukhani of s2analytics.com suggests buying Apollo Hospitals with stop loss at Rs 1070 and target of Rs 1120, Aurobindo Pharma with stop loss at Rs 740 and target of Rs 794 and Tata Consultancy Services with stop loss at Rs 2050 and target of Rs 2200.
Rajesh Agarwal of AUM Capital recommends buying Multi Commodity Exchange of India with stop loss at Rs 864 and traget of Rs 904, Jindal Steel & Power with stop loss at Rs 200 and target of Rs 213 and Britannia Industries with stop loss at Rs 6410 and target of Rs 6695.
Only 15 of nearly 30 companies in Jhunjhunwala’s portfolio released their shareholding data for the quarter-ended June till now. Of the 14 companies, only two have delivered positive returns.
UBS said the relative valuation of small and midcaps suggest that optimism may be priced but not the uncertainties, despite the recent corrections.
Prakash Gaba of prakashgaba.com advises buying ACC with a target at Rs 1400.
"One can look to go long around Rs 805 for a target of Rs 900 by following a strict stop loss placed below Rs 765," says Sameet Chavan of Angel Broking.
Prakash Gaba of prakashgaba.com recommends buying Axis Bank with target at Rs 560 and stop loss at Rs 540, a buy in MCX India with target at Rs 810 and stop loss at Rs 780 and a buy also in Tata Motors DVR with target at Rs 205 and stop loss at Rs 191.
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“The recent hurdle placed around 10640 has been crossed on a closing basis and thus we may see an extension of this move towards 10,750 – 10,800 in coming days. On the lower side, the immediate base seems to have shifted higher towards 10,640 – 10,600 (earlier hurdle becomes support) from 10,495,” said Sameet Chavan of Angel Broking.
"Nifty has crossed last week high and heading towards 10250-10270 levels i.e. Upper Band of Falling Channel which might work as immediate resistance. Sustenance trade above these levels may add further momentum on upside," says Rajesh Agarwal of AUM Capital.
Manav Chopra of Indiabulls Ventures advises buying Titan Company with a target of Rs 925.
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Most analysts agree to one thing that it is a sell on rise kind of market as Nifty witnesses supply pressure whenever it comes closer to 10,600 levels.
Overall benchmark indices have been in a tight range and that rangebound or consolidation is expected to continue in short term, experts suggest.
The sharp correction in midcaps makes stock-picking a bit less challenging, as valuation premiums have moderated from the recent highs.
Rajat Bose of rajatkbose.com is of the view that one may buy MCX India above Rs 1000.
Ashwani Gujral of ashwanigujral.com recommends buying Titan Company, Bharat Forge and Mindtree.
Ashwani Gujral of ashwanigujral.com recommends buying DB Realty with a stop loss of Rs 54, target of Rs 66 and KEC International with a stop loss of Rs 378, target of Rs 395