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
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.
Mitessh Thakkar of miteshthacker.com has a sell on BEML with a stop loss of Rs 1711 for target of Rs 1640 and a buy on Jindal Steel & Power with a stop loss of Rs 167.50 for target of Rs 178.
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.
Aurobindo Pharma, L&T, Karnataka Bank, Indian Bank, REC Ltd, NTPC, DLF and Sun TV are looking attractive on technical setup.
Mitessh Thakkar of mitesshthakkar.com has a buy on Vijaya Bank with a target of Rs 66, a buy on NTPC with a target of Rs 190 and a buy Oil India Limited with a target of Rs 358.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy NTPC, RBL Bank and BHEL and can sell Kajaria Ceramics.
Coal India, Axis Bank and pharmaceuticals, among others, are being tracked by investors on Wednesday.
Mitessh Thakkar of miteshthacker.com suggests buying Tata Communications and CESC and has a positive view on Tata Motors.
Sandeep Wagle of powermywealth.com recommends buying Tata Chemicals and NTPC.
Mitessh Thakkar of mitesshthakkar.com advises selling Hero Motocorp and Dish TV India.
According to Technical Analyst Prakash Gaba of prakashgaba.com, any move above 9946 would propel the Nifty to 10041-10080 zones but looks like the Index is into a pause mode and so a dip is acceptable as long as 9850 holds.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Vedanta, TVS Motor Company and NTPC and can sell Kaveri Seed Company.
NTPC, Glenmark and GAIL, among others, are being tracked by investors on Monday.
Sanjiv Bhasin of IIFL is of the view that one can pick Reliance Power, Power Grid and NTPC and is overweight on Coal India.
Amit Gupta, Head-Derivatives at ICICIdirect is of the view that one can buy NTPC, UltraTech Cement and Colgate Palmolive (India) and short Tata Consultancy Services.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy PC Jeweller, Jubilant Foodworks and NTPC and sell Oriental Bank of Commerce and Amara Raja Batteries.
What is worth noting is that at the discounted price the valuations works to about 1.2 times its estimated FY18 book value and offers a dividend yield of close to 3.3%.
In an interview to CNBC-TV18, Pawan Parakh, Research Analyst at BOB CAPS shared his views and readings on CESC and NTPC.
Sandeep Wagle of powermywealth.com suggests selling Adani Ports and NTPC.
Mindtree, Apollo Hospitals and NTPC, among others, are being tracked by investors on Tuesday.
Amit Gupta of ICICIdirect recommends buying 175 Call Options in NTPC.
Chandan Taparia of Motilal Oswal Securities recommends a Bull Call Spread in Infosys and advises buying Havells India and NTPC and suggests selling PNB.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy GSFC and NTPC and can sell Central Bank of India, Tata Motors DVR and Manappuram Finance.
According to Prakash Gaba of prakashgaba.com, 9965-10005 is a possibility as long as 9780 holds. The crucial support for the Nifty is at 9780 and the resistance is at 9965-10005. Bank Nifty on the other hand has support at 24000 and resistance at 24750.
Ashwani Gujral of ashwanigujral.com suggests buying KEC International, Motilal Oswal and NTPC.