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 miteshthacker.com is of the view that one can buy NCC and can sell Cummins India.
On the BSE Index, over 100 stocks hit fresh 52-week high including names like Bata India, TVS Motor Company, Dabur India, Deepak Fertilizers, Kolte Patil Developers and Chambal Fertilizers.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Hindustan Unilever, Bata India and Godrej Consumer and can sell Cummins India and Dish TV.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy State Bank of India and NCC.
Ashwani Gujral of ashwanigujral.com advises buying Jubilant Foodworks, Future Consumer, Tata Chemicals and Raymond.
Mitessh Thakkar of miteshhthakkar.com is of the view that one can buy Asian Paints, Petronet LNG and Tech Mahindra and sell Torrent Pharma.
Kunal Saraogi of Equityrush is of the view that one may buy Ujjivan Financial with a target of Rs 375.
Ruchit Jain of Angel Broking advices buying selling Apollo Hospital with a target of Rs 1030.
Ruchit Jain of Angel Broking advises buying Pidilite Industries with a target of Rs 855.
Rakesh Bansal of RK Global is of the view that one may buy Bata India with a target of Rs 658.
Sameet Chavan of Angel Broking advises selling NCC with a target of Rs 77.
There are a lot of investors who are still waiting on the sidelines to get into Indian market, which offers both growth comfort to investors.
JSPL, NCC and Bajaj Auto, among others, are on the radar of investors on Wednesday.
Structurally, the index has concluded a healthy corrective phase over the last month within the larger degree uptrend.
Mitessh Thakkar of mitesshthakkar.com recommends buying Bajaj Finserv, Muthoot Finance, HPCL, NCC and Future Consumer.
Prakash Gaba of prakashgaba.com is of the view that the next logical technical target beyond 9816 is 9916. Crucial support for the Nifty is at 9720 and the resistance is at 9916.
Vishvesh Chauhan of Monarch Networth Capital advises buying Bank of India with a target of Rs 151.
Ashwani Gujral of ashwanigujral.com suggests buying Future Consumer, Voltas and NCC.
Prakash Gaba of prakashgaba.com is of the view that technically, now 9676 remains the target as long as 9600 holds. The crucial support for the Nifty is at 9600-9560 and the resistance is at 9676.
Vishvesh Chauhan of Monarch Networth Capital is of the view that one may buy Godfrey Phillips India with a target of Rs 1400.
Rakesh Bansal of RK Global is of the view that one may buy NHPC with a target of Rs 35.
Ashwani Gujral of ashwanigujral.com recommends buying Piramal Enterprises, Punjab National Bank and NCC.
Sandeep Wagle of powermywealth.com recommends buying Housing Development and Infrastructure and NCC.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Adani Power, Reliance Defence and NCC and buy Bharat Forge and GAIL India.
Sharmila Joshi of sharmilajoshi.com is of the view that one may hold NCC.