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
Hariom Pipe Industries is in a classical uptrend and forming higher highs and higher lows on the daily chart. The structure of the counter is lucrative, as it is trading above each of its significant moving averages. It also witnessed breakout of a channel formation on the longer timeframe.
Nifty is also trading above its two major simple moving averages 100-DMA and 200-DMA that are rising and placed around 11,000. The crossover between them hints at strong uptrend in mid-term
Rajesh Agarwal of AUM Capital recommends buying L&T Finance Holdings with stop loss at Rs 134and target of Rs 146, Godfrey Phillips with stop loss at Rs 914 and target of Rs 965 and Vadilal Industries with stop loss at Rs 548 and target of Rs 590.
We recommend buying Nucleus Software for the upside target of Rs 420 and keeping a stop loss at Rs 360, says Nandish Shah of HDFC Securities.
Rajesh Agarwal of AUM Capital suggests buying Aptech with a stoploss of Rs 153 and target of Rs 170.
This setup indicates that bears seem to have lost the dominance gradually and there could be a chance of a trend reversal for the short-term.
Rajesh Agarwal of AUM Capital recommends buying ICICI Lombard with stop loss at Rs 782 and target of Rs 813, Mindtree with stop loss at Rs 1084 and target of Rs 1150 and Albert David with stop loss at Rs 597 and target of Rs 645.
We recommend buying Nucleus for the upside target of Rs 420, keeping a stop loss placed at Rs 370, says Nandish Shah of HDFC Securities.
Rajesh Agarwal of AUM Capital recommends buying HCL Technologies with stop loss at Rs 940 and target of Rs 984, Mahanagar Gas with stop loss at Rs 817 and target of Rs 855 and Hexaware Technologies with stop loss at Rs 501 and target of Rs 525.
Vijay Chopra of enochventures.com advices buying Oil India with a target of Rs 335.
CNBC-TV18‘s Varinder Bansal has a list of stocks that are likely to benefit from the Indian economy moving towards cashless payments.
SP Tulsian of sptulsian.com shares his rationale behind his bullish view on Crompton Greaves, Motherson Sumi and Bharat Forge.
In an interview to CNBC-TV18, Prakash Diwan of prakashdiwan.in shared his readings and outlook on specific stocks and sectors.
SP Tulsian in an interview to CNBC-TV18 shares his fundamental outlook on stocks like Eicher Motors, Gillette India, UP Sugar companies and others.
Here are a few stocks picked up by CNBC-TV18's analysts to keep on your radar for trade today- SKS Microfinance, Sun Pharma, Orient Cement, Nucleus Software, Nelco, Carborundum Universal, Federal Bank, JSPL, Hexaware Tech, Bharat Forge, Ricoh India, Dewan Housing & Just Dial.
Vishal Malkan of www.malkansview.com advises buying TVS Motor with a target of Rs 295.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have Axis Bank, Thermax, Opto Circuits, Trident, Supreme Petro, Nucleus Software, Bharat Bijlee, SKS Micro and Ashoka Buildcon.
Meghana V Malkan of malkansview.com advises holding Nucleus Software.
Pankaj Jain of Sunteck Wealthmax is of the view that one may buy Nucleus Software for long term.
Pankaj Jain of Sunteck Wealthmax advises buying M&M Financial Services for a target price of Rs 293 and IRB Infrastructure for a target price of Rs 112.
Investment Analyst Ashish Chugh suggests buying IT stock Nucleus Software and chemical company BASF.
Ashish Chugh, Investment Analyst & Author of Hidden Gems share his view on Nucleus Software.