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 advises buying ONGC and Wipro.
RIL and IndusInd Bank, among others, are being tracked by investors on Monday.
Mitessh Thakkar of mitesshthakkar.com advises selling Ceat and Godfrey Phillips.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may sell MCX India and Godfrey Phillips.
Sumeet Jain of Destimoney Securities is of the view that one may sell Multi Commodity Exchange of India (MCX) Future with a target of Rs 955.
Mitessh Thakkar of mitesshthakkar.com suggests buying Bharat Financial Inclusion, Eicher Motors and Apollo Hospitals and advises selling Fortis Healthcare and MCX India.
Mitessh Thakkar of miteshthacker.com recommends selling Fortis Healthcare and MCX India.
Kunal Saraogi of Equityrush advises buying Godrej Consumer Products with a target of Rs 1035.
The Nifty too is chasing 10,000 level which is likely to act as stiff resistance for the index and market should cool off post the event, suggest experts. However, a major decline is not something which analysts’ see unless it gets triggered by a global event.
The company's 1QFY18 revenue has declined 6 percent to Rs 59.2 crore and PAT was at Rs 26.3 crore, which was dragged further by lower other income of Rs 27.7 crore.
Cummins, TCS and DB Corp, among others are on analysts' radar on Thursday.
Marico, Bata India, Idea Cellular and ITC, among others, are being tracked by analysts today.
Ashwani Gujral of ashwanigujral.com suggests selling Sell MCX India and Capital First.
Ashwani Gujral of ashwanigujral.com suggests buying Max Financial Services, Raymond and Pidilite Industries.
Ashwani Gujral of ashwanigujral.com recommends buying Multi Commodity Exchange of India, Escorts and DLF.
Jay Thakkar of AnandRathi is of the view that one may buy Bajaj Finserv with a target of Rs 4168.
Prakash Gaba of prakashgaba.com is of the view that Bharti Infratel can climb to Rs 365 while MCX India may hit Rs 1200.
Earnings recovery and normal monsoon would be next key triggers for market, feel experts who expect that could drive the Nifty towards five digits mark (10,000).
Avinnash Gorakssakar, Market Expert is of the view that one can buy MCX India at the current level.
Prakash Gaba of prakashgaba.com is of the view that MCX India may head to Rs 1350.
During a period where the market is creating whipsaws within the trading band of 200 points, the current rally would gain credence only on a convincing move above 9,160. Here is a list of top five stocks to buy based on various technical parameters
Vijay Chopra of enochventures.com advises buying Reliance Capital with a target of Rs 625.
Jay Thakkar of Anand Rathi suggests selling India Cements with a target of Rs 152.
Motilal Oswal has initiated coverage with a buy rating and has set a target price at Rs 229.
Goldman Sachs maintains buy call on Coal India with a target of Rs 360 per share as increase in coking coal prices augurs well for margins. It is expecting 5-13 percent higher EBITDA for FY17-19. It forecasts 7 percent production CAGR over the next ten years.