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
Brokerages are bullish on Tata Coffee, Bata India and NTPC
Investors with long-term horizion can buy solid utilities players like National Thermal Power Corporation and Power Grid on dips, says Phani Sekhar of Angel Broking.
Phani Sekhar of Angel Brokings is of the opinion that one may accumulate Power Grid Corporation of India and NTPC on every decline with a long term outlook.
Brokerages recommend trading calls on four stocks, namely NTPC, NMDC, Sail and Bata.
According to Ambareesh Baliga of Edelweiss Financial Services, one can buy Reliance Infrastructure. "This stock can move up to levels of about Rs 511-515, "he adds.
Jagannadham Thununguntla, Strategist & Head of Research of SMC Global Securities expects NTPC to rally by Rs 20-30.
Sharmila Joshi, Head of Equity of Peerless Securities advises to hold NTPC. The stock may go upto Rs 161-165 levels, he adds.
Rajesh Agarwal, Head of Research of Eastern Financiers recommends to hold NTPC with a target price of Rs 180.
One can short NTCP, says Sudarshan Sukhani of s2analytics.com. "The charts are telling that the lower levels are coming," he adds.
Sudarshan Sukhani of s2analytics.com recommends buying Bata India and selling National thermal Power Corporation.
Gaurav Ratnaparkhi of Sharekhan advised buying Kotak Mahindra Bank at current level with stop loss of Rs 735, adding target on the upside from two-three days perspective will be Rs 775.
One can buy NTPC on dips, says Sudarshan Sukhani of s2analytics.com.
One can buy Bajaj Auto and NTPC, says Sudarshan Sukhani of s2analytics.com. The stock went through a small correction. After the correction it was in a consolidation and today it is breaking out of that consolidation on the upside, he adds.
One can enter NTPC on declines, says Sudarshan Sukhani of s2analytics.com.
Ashu Madan, President of Core Client Group at Religare Securities is of the view that one should avoid NTPC. He does not see a major upside in the stock.
According to Rajesh Agarwal, Head of Research at Eastern Financiers, one should continue to hold NTPC with a target price of Rs 175.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy NTPC.
Ashu Madan, President - Core Client Group, Religare Securities Ltd is of the view that NTPC may under perform overall market.
Sanjeev Agarwal, CEO, Dynamix Research & Capital Management is of the view that NTPC has resistance at around Rs 150.
One can exit NTPC around Rs 160-170, says Sanjeev Agarwal, CEO, Dynamix Research & Capital Management.
One can hold NTPC, says Jagdish Malkani, Member NSE/ BSE.
Kirti Doshi, Promoter, Antique Stock Broking advises to hold NTPC and NMDC from two-three years perspective.
Gautam Sinha Roy of Motilal Oswal advises to enter in Coal India and NTPC at current levels.
Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities Limited is of the view that one can stay invested in NTPC and whenever get the typical kind of bounce can exit the stock.
Gautam Sinha Roy of Motilal Oswal Securities advised taking long call on NTPC and Power Grid. He feels these stocks could be benefited from the Budget.