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
Sandeep Wagle of powermywealth.com is of the view that one can buy HDFC Bank, Oil India and NCC.
Jay Thakkar of Sharekhan recommends buying Bharat Electronics with a target of Rs 1223 and Tata Elxsi with a target of Rs 2091.
Here are a few stocks picked up by CNBC-TV18's analysts to keep on your radar for trade today - REC, NCC, Axis Bank, Bharti Infratel, Biocon, Synegene, Rallis, Maruti, Raymond, Gujarat Narmada Valley Fertilizers & Chemicals, Swaraj Engines, IDFC Bank & Agro Tech Foods.
Krish Subramanyam of Altamount Capital is of the view that one can buy NCC May futures.
In an interview to CNBC-TV18‘s Latha Venkatesh and Sonia Shenoy, SP Tulsian of sptulsian.com spoke on the market fundamentals and gave his views on specific stocks and sectors.
According to Sudarshan Sukhani of s2analytics.com, one can buy Bharat Forge and sell Engineers India.
Vishal Malkan of malkansview.com is of the view that one may buy Reliance Communications with a target of Rs 59.
Krish Subramanyam of Altamount Capital recommends buying NCC, Indiabulls Housing Finance and Supreme Industries and advises selling McLeod Russell.
Ashwani Gujral, fund manager at ashwanigujral.com is of the view that one can buy Idea Cellular and YES Bank and sell NCC.
Rakesh Bansal of RK Global advises buying NCC with a target of Rs 82.
Kunal Bothra of LKP Securities is of the view that SAIL may hit Rs 48 while Tata Power Rs 65 may test Rs 65.
Ashwani Gujral of ashwanigujral.com recommends buying Bajaj Finserv, NCC and Sona Koyo Steering Systems.
According to Macquarie, the growth momentum in the construction equipment segment has momentum has sustained despite withdrawal of discounts and price increases. Also, purchases were being done primarily by first-time buyers.
Prakash Gaba of prakashgaba.com is of the view that JSW Steel is a safe bet and likes DLF.
Pritesh Mehta of IIFL suggests buying Hero Motocorp with a target of Rs 2950.
Ashwani Gujral of ashwanigujral.com recommends selling Marico and NCC and advises buying Tata Steel.
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Bank, Reliance Infra, NCC and M&M Financial Services.
Ashwani Gujral of ashwanigujral.com recommends buying Whirlpool, CESC and NCC.
Ashwani Gujral of ashwanigujral.com recommends buying Ajanta Pharma, Aurobindo Pharma and NCC.
According to Parag Thakkar of HDFC Securities, Finolex Industries, KNR Construction, ITD Cementation and NCC are the top picks.
SP Tulsian of sptulsian.com has a positive stance on NCC but feels that one may remain away from Gayatri Projects.
Sudarshan Sukhani of s2analytics.com recommends selling Grasim Industries and NCC and advises buying NTPC.
Prakash Gaba of prakashgaba.com recommends buying Hindalco Industries on dips and feels that HDFC may test Rs 1290 while DHFL may hit Rs 250.
Manas Jaiswal of manasjaiswal.com recommends buying Firstsource Solutions with a target of Rs 47.50 and Indian Hotels with a target of Rs 120.
Dharmesh Kant of India Nivesh Securities is of the view that one may buy NCC with a target of Rs 90.