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
Puravankara has broken out on the daily chart on August 5, where it closed at highest level since July 25, 2022. Short term trend of the stock is positive as it is trading above its short term important moving averages.
As far as Nifty is concerned, we may see it going back to 12,300–12,390 ahead of the Budget and a positive outcome would enable it crossing this sturdy wall of 12,400 convincingly.
VK Vijaykumar of Geojit Financial Service feels the proposed AIF is better than the earlier one since this also includes projects referred to NCLT.
As per the options data, the support and resistance levels for the Nifty has shifted higher in the August series compared to last expiry.
Rajesh Agarwal of AUM Capital recommends buying Multi Commodity Exchange of India with stop loss at Rs 864 and traget of Rs 904, Jindal Steel & Power with stop loss at Rs 200 and target of Rs 213 and Britannia Industries with stop loss at Rs 6410 and target of Rs 6695.
Ashwani Gujral of ashwanigujral.com feels that Puravankara may move to Rs 230-235.
Ruchit Jain of Angel Broking advises buying Jubilant Lifescience with a target of Rs 724.
The retained rating by S&P and few major events in pipeline coupled with F&O expiry, we expect the market to trade on caution mode in upcoming session with an inclination towards the upper band.
Equities as an asset class generated more interest last month as benchmark indices hit fresh record highs. But, there was also plenty of stock specific action.
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy and Anuj Singhal, SP Tulsian of sptulsian.com shared his reading and outlook on the market and also gave recommendations on various stocks.
Ambareesh Baliga, Independent Market Expert is of the view that one may prefer Godrej Properties, Sobha and Puravankara.
Here are a few stocks picked up by CNBC-TV18's analysts to keep on your radar for trade today -- stocks expected to gain are HUL, Cox & Kings, Motherson Sumi, Reliance Communication, Bharti Infratel, IDBI Bank, Crompton Consumer, Cairn, Eros International while stocks expected to be under pressure are Yes Bank, TCS, SAIL, JSPL, Puravankara.
Vijay Chopra of enochventures.com is of the view that one may sell Unitech on rallies.
Ambareesh Baliga, Market Expert is of the view that one may look at Brigade Enterprises, Puravankara Projects and Sobha.
Ambareesh Baliga, independent market expert is of the view that realty stocks are trading buys and prefers Oberoi Realty, Brigade Enterprises, Sobha Developers and Puravankara Projects.
Here are top 10 stocks to focus on February 24 - Wockhardt, Federal Bank, Bharti Airtel, Idea Cellular, Reliance Communication, State Bank of India, Punjab National Bank, Bank of Baroda, Bank of India and Omaxe.
According to Mahantesh Sabarad of SBICap Securities, Puravankara Projects is a good bet.
Kunj Bansal of Centrum Wealth Management is of the view that one may prefer Thermax on any correction around Rs 600-610-620 levels.
Jigar Shah of Kim Eng Securities India prefers Puravankara Projets and Sobha Developers within the real estate space.
Shahina Mukadam of Varun Capital recommends buying Puravankara Projects, KPIT Cummins, Karnataka Bank and suggests selling Idea Cellular.
Rajesh Agarwal of Eastern Financiers advised buying Mahindra Group's Mahindra Ugine with a stoploss at Rs 62 and for a target price of Rs 69.
Edelweiss Financial Services‘ Ambareesh Baliga says one could buy Sobha Developers and Puravankara Projects at lower levels.
In CNBC-TV18's popular show Bull's Eye, SP Tulsian of sptulsian.com shares trading strategy of the day.
Ambareesh Baliga, Market Expert is upbeat on Brigade Enterprise, Purvankara Projects, Sobha Developers in realty space.
Puravankara, Brigade Enterp and Sobha Developers are the top picks in real estate space, says Ambareesh Baliga , Market Expert.