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
Credit Suisse increased its earnings estimates for Jubilant Foodworks, Crompton Consumer, Nestle and GSK Consumer.
While retaining buy call on IndusInd Bank with a target price at Rs 2,060, CLSA said it sees 25 percent earnings CAGR over FY17-20 with return on equity of 18-19 percent.
Axis Bank, SBI and M&M, among others, being tracked by analysts on Monday
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Axis Bank, Wockhardt, TVS Motor, NTPC and Nestle India and can sell Marico and UPL.
The Goods and Services (GST) Council, which met in Guwahati for a 2-day meet starting Thursday of last week, has decided to keep only 50 luxury and 'sin' goods like tobacco in the highest slab.
The 2-day GST council meeting is underway and the outcome is expected on Friday.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Jet Airways, Bajaj Finance and Chennai Petro and can buy HCL Tech, Future Consumer and Kotak Mahindra Bank.
Nifty added on to its morning gains on Thursday with the index inching up 47.45 points at 10,032.80 while the Sensex added 132.86 points at 31,966. Vedanta, Lupin, Sun Pharma along with TCS were some of the top gainers in the Nifty.
Mitessh Thakkar of mitesshthakkar.com suggests buying Ashok Leyland, Tata Chemicals, Container Corporation of India, Nestle India and Canara Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one may sell Chennai Petro and Godfrey Phillips.
One needs to track sectors to identify emerging trends and companies within the sector that can leverage from the emerging trend.
Amit Gupta of ICICIdirect expects 10-15 percent upside in GAIL India and Petronet LNG and advises acccumulating Havells India at around Rs 500.
Mitessh Thakkar of mitesshthakkar.com recommends buying CESC, Balrampur Chini and Nestle India and advises selling Amara Raja Batteries and NHPC.
Mitessh Thakkar of miteshthacker.com suggests buying Yes Bank and Nestle India.
At the meet, investors were informed about how the new launches were met with a good response and how strengthening volume led growth was also strong.
DLF and Infosys, among others, are being tracked by investors on Monday.
A lot of fast moving consumer goods (FMCG) earnings have been in the news over the last few days. Big disappointments coming in from Godrej Consumer Products (GCPL), Marico and yesterday there was that howler from Emami. Today, we are awaiting numbers from Colgate Palmolive (India) and alarm bells have already been sounded by Patanjali announcing market share gains in the toothpaste segment. In an interview to CNBC-TV18, Naveen Kulkarni, Co-Head of Research at PhillipCapital shared his reading and outlook on the same.
The company has reported 1QCY17 sales at Rs 2480 crore and EBITDA at Rs 440 crore, which were below the research firm expectations due to de-stocking ahead of GST implementation.
Yes Bank, HDFC and Federal Bank, among others, are being tracked by investors on Thursday.
Sandeep Wagle of powermywealth.com feels that Nestle India may test Rs 7500.
Prakash Gaba of prakashgaba.com is of the view that one may buy Nestle India on dips.
Avinnash Gorakssakar, Market Expert is of the view that one may stay invested in Nestle India with long term view.
Amit Gupta of ICICIdirect suggests buying Nestle, Colgate Palmolive, Shriram Transport Finance and Power Grid.
In an interview to CNBC-TV18, Sanjiv Bhasin, Executive VP-Markets & Corporate Affairs at IIFL shared his readings and outlook on Larsen & Toubro's (L&T) Q4 numbers and specific stocks.
Titan, Yes Bank, and Idea Cellular, among others, are on the radar of analysts on Monday.