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
An analysis of December quarter results by the brokerage showed that they continued to under-grow global digital pure-plays sharply and have significant variance in their performance.
Bank of America Merrill Lynch says new Range Rover launch will strengthen product pipeline of JLR. With that volume outlook strengthened but launch cost is likely to recur, it feels.
JP Morgan is overweight on USL with target at Rs 2500 per share as operating performance better than expectations despite demonetisation. It continues to deliver on its strategic intent of focusing on premium.brands. It says franchise model for select popular brands will improve operating model.
Sudip Bandopadhyay, Market Expert suggests buying Persistent Systems and Infosys from the IT space.
Sudip Bandopadhyay, Market Expert feels that Persistent Systems may go above Rs 800.
Valuations of Glenmark look attractive, Macquarie says, adding it is one the top picks in pharma space with a target of Rs 1,350.
According to Sudip Bandopadhyay, Market expert one can buy Infosys and Persistent Systems.
Sudip Bandopadhyay, Market Expert recommends buying Infosys and Persistent Systems.
Parag Thakkar of HDFC Securities has a bullish stance on Infosys, HCL Tech and Persistent Systems.
In an interview to Latha Venkatesh and Anuj Singhal on CNBC-TV18, Mehraboon Irani of Nirmal Bang Securities spoke about the current market trends and specific stocks and sectors.
Rajat Bose of rajatkbose.com is of the view that one can sell Indian Bank and Dena Bank and buy Persistent Systems.
Nomura is neutral on Axis Bank with target of Rs 560 per share. It says Q1 earnings is muted and similar trend to continue.
On Friday, the day of Brexit referendum results, the benchmark Sensex lost nearly 1,100 points intra-day before closing 604.51 points lower. Investors' wealth in stock market took a hit of nearly Rs 1.8 lakh crore on that day.
Ruchit Jain of Angel Broking is of the view that one may Reliance Infra with a target of Rs 560.
Here are a few stocks picked up by CNBC-TV18's analysts to keep on your radar for trade today - Reliance, Adani Port & SEZ, Castrol India, Mahindra CIE Automotive, Sadbhav Infra, M&M Financial, Bharti Infratel, Filatex India, Eastern Treads, Zensar Tech, Cairn India, Motherson Sumi, Sasken Communications and Capri Global Capital.
Ashwani Gujral of ashwanigujral.com recommends buying Petronet LNG and Amara Raja Batteries.
CA Rudramurthy BV of Vachana Investments advises buying Infosys, TCS, Persistent Systems and KPIT Technologies.
Accenture's strong earnings report will not have a great impact on Indian IT companies, says Karan Taurani, senior analyst at Dolat Capital. Indian tech majors aren't exposed much to consulting business, a key driver of Accenture's growth, he adds.
Sharmila Joshi of sharmilajoshi.com advices buying Persistent Systems with a target of Rs 663.
Sudip Bandopadhyay, Market Expert is of the view that one can buy Bharat Forge, Mindtree and Persistent Systems.
Vineet Bhatnagar, MD at PhillipCapital advises buying Mindtree, Persistent Systems and Firstsource Solutions.
Sudip Bandopadhyay, Market Expert likes Mangalam Cement, Mindtree and Persistent Systems.
Sudip Bandopadhyay, Market Expert recommends buying Persistent Systems.
Dipan Mehta, Member of BSE & NSE is of the view that one may prefer MindTree, Zensar Technologies, Cadila Healthcare and LIC Housing Finance.
According to R Sreesankar, Head - Institutional Equities at Prabhudas Lilladher, HDFC Bank and Infosys are the top picks and likes State Bank of India, ICICI Bank, Larsen & Toubro, Maruti Suzuki India, Tata Motors, IndusInd Bank and Indian Oil Corporation.