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 Beats-to-misses (BTM) ratio for 4Q was 0.76x indicating that there were more misses than beats this quarter. After the largely positive surprises in 2Q which had a BTM of 1.42x, 3Q and 4Q have witnessed a sequential decline,” JM Financial said in a report.
Rajat Bose of rajatkbose.com recommends buying Sun Pharmaceutical Industries with s stop loss below Rs 522 for target at Rs 548, a buy in Cadila Healthcare with a stop loss below Rs 407 and target at Rs 427 and a sell in Dabur India with stop loss above Rs 372 for target at Rs 363.
"The immediate resistance is seen at 10,850 levels. On the downside, the immediate support for the index is seen at 10,690 levels. Breaking below this level, the index may test 10,614 levels," says Ashish Chaturmohta, Head Technical and Derivatives at Sanctum Wealth Management.
Rajesh Agarwal of AUM Capital recommends buying Kotak Mahindra Bank with target of Rs 1240 and stop loss at Rs 1185, a buy in Selan Exploration Technology with target at Rs 270 and stop loss at Rs 252 and a buy also on IRB Infrastructure Developers with target at Rs 295 and stop loss at Rs 272.
"We expect the range for Nifty to be between 10,600 to 10,400 levels, but we may consolidate here for a while before going higher. For Bank Nifty, this range is seen at 25,000 - 25,400," says Mustafa Nadeem, CEO at Epic Research.
"Nifty has to cross 10,555 levels decisively for further upmove. Sustenance trade above 10,555 marks may add momentum on upside till 10,650-10,670 levels," says RajeshAgarwal of AUM Capital.
Prakash Gaba of prakashgaba.com recommends buying CG Power with target at Rs 84 and stop loss at Rs 81.50, a buy on ITC with target at Rs 275 and stop loss at Rs 265 and a buy also on Jet Airways with target at Rs 680 and stop loss at Rs 630.
Now all eyes are on corporate earnings and Karnataka elections along with crude oil movement, experts suggest.
The ongoing correction could possibly continue with an intermediate support around 10,100-10,150 levels. The advance and decline ratio is in the favor of bulls which add to our conviction.
Here is a list of top 10 trading stock ideas by different experts which could give up to 20% return in the short term.
The pull-back indicates a bit of respite from oversold territory and that has to be considered with a bit of skepticism.
Mitessh Thakkar of miteshthacker.com recommends buying Castrol India with a stop loss of Rs 203.50 and target of Rs 214 and Cholamandalam Investment with a stop loss of Rs 1427 and target of Rs 1485.
Ashwani Gujral of ashwanigujral.com recommends buying NCC, Vedanta and IIFL Holdings.
Sandeep Wagle of powermywealth.com is of the view that one can sell ICICI Bank and can buy NCC.
Ashwani Gujral of ashwanigujral.com recommends buying NCC with a stop loss of Rs 126, target of Rs 138 and Indraprastha Gas with a stop loss of Rs 300, target of Rs 315 while he advises selling IDBI Bank with a stop loss of Rs 76, target of Rs 68, Canara Bank with a stop loss of Rs 300, target of Rs 285 and Axis Bank with a stop loss of Rs 546, target of Rs 524.
Jay Thakkar of Anand Rathi Securities is of the view that one may buy Container Corporation with a target of Rs 1386.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NCC and IndusInd Bank and can sell Reliance Communications.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Yes Bank and State Bank of India and can buy HCL Technologies.
We expect base formation around the support area will make the market more healthier and pave the way for next leg of upmove.
Vijay Chopra of enochventures.com is of the view that one may sell Bharat Forge with a target of Rs 750.
As many as 20-30 bluechip names are trading almost 50 percent discount to their 5 year average of price to earnings multiple and can be considered attractive for investment purpose.
Ruchit Jain of Angel Broking is of the view that one may buy Nava Bharat Ventures with a target of Rs 158.
“On the overall basis, long-term capital gains tax doesn’t look dampening and revenue growth assumptions are looking realistic. Investors should focus on sectors/stocks having agri or rural theme. Escorts, Ashok Leyland, M&M, PI Inds and UPL will be positive,” Hemang Jani, Head Equity Sales & Advisory, Sharekhan told Moneycontrol.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy RIL, Berger Paints, IndusInd Bank and NCC and can sell PNB and Bank of Baroda.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Reliance Power, BHEL and Adani Power and can buy DLF, Prestige Estates and NCC.