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 suggests buying Mahindra and Mahindra and Nestle India.
Prakash Gaba of prakashgaba.com is of the view that Aurobindo Pharma may test Rs 710 while Nestle India can hit Rs 6350.
CLSA says HDFC remains its top pick in financials segment as the expansion of subsidy scheme by government is positive for housing finance companies.
Aurobindo Pharma, the seventh largest generics manufacturer in the US by volume, is transforming from a simple generics player to one with a portfolio of more complex generics, Goldman Sachs says.
CLSA has retained its buy call on Phoenix Mills, with reduced target price at Rs 460 from Rs 479. It says company's lease income growth at malls is at 6-7-quarter high despite demonetisation. Capex strategy may enable low strain capex, it feels.
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy and Anuj Singhal, Mayuresh Joshi of Angel Broking shared his reading and outlook on the market and also gave recommendations on various stocks.
Shahina Mukadam, Independent Market Expert feels that Nestle India may test Rs 6350.
Avinash Gorakshakar, Market Expert suggests buying Nestle India with long term view.
Credit Suisse has cut target price of Coal India to Rs 370 from Rs 385 per share as it sees little downside to the stock. The company reported very weak Q2 results on account of higher costs across heads. Higher costs pull down FY17-19 EPS by 7-20 percent.
Deutsche Bank has a buy call on Nestle with target at Rs 7500 per share. It says re-launch of Maggi at Rs 5 price-point should be the next trigger.
Here are brokerage firms' views on 16 stocks. Bank of America Merrill Lynch has initiated buy rating with target at Rs 1450 percent indicating 23 percent potential upside. It says Kesh King-led drag behind; upside risk from the global business. The stock is re-rated over time and robust growth to provide support.
Brokerage house CLSA says that while the Nestle India is on a path of recovery, it will be a gradual one. The house has a sell call on the stock with a 12-month target price of Rs 6,000.
Deutsche Bank maintains hold on L&T with a target price of Rs 1325 per share.
Ashwani Gujral of ashwanigujral.com feels that Nestle India may touch Rs 6800.
Mahantesh Sabarad of SBICAP Securities is of the view that one may buy Nestle India.
Pankaj Jain of SW Capital is of the view that one may hold Nestle India for long term.
SP Tulsian of sptulsian.com recommends buying Nestle India with a view of one year.
Ambareesh Baliga, Market Expert recommends buying Power Finance Corporation and feels that one can avoid PFC.
Harendra Kumar of Elara Capital is of the view that one may look at Hindustan Unilever and Britannia Industries.
In an investor meet, Nestle said its strategy would entail fixing issues with current brands, renovating and extending existing brands into adjacent categories. The company would then explore newer categories depending on the opportunity, margin, differentiation. Volume growth is an important priority for management now.
Rakesh Bansal of RK Global is of the view that Nestle India is an excellent buy.
According to Kunal Bothra of LKP Securities, one may avoid food processing space including Nestle India.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have – Emami, United Spirits, Nestle India, Balaji, Britannia & Adani Enterprise.
Nitin Mathur, emerging markets consumer research, Societe Generale gave his views on a whole host of stocks such as Nestle, United Spirits, Godrej Consumer, among others.
Impact due to Maggi withdrawal and lost sales in the rest of the portfolio because of partial instability in the supply chain are worrying BoA ML. Dragged by these concerns, the brokerage expects Q1 sales and net profit to grow 1 percent and 15 percent annually.