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
Rajat Bose of rajatkbose.com recommends buying Cadila Healthcare with stop loss below Rs 350.80 for target of Rs 356.90 and Colgate Palmolive with stop loss below Rs 1259.90 for targets of Rs 1299 and Rs 1308.
Sudarshan Sukhani of s2analytics.com recommends buying UPL with stop loss at Rs 745 and target of Rs 770 and Titan Company with stop loss at Rs 906 and target of Rs 930.
Investors can also look for quality NBFC companies like L&T Finance Holdings and Bajaj Finance, which are still available at reasonable valuations
We expect Pidilite Industries revenues to grown at a CAGR of 15.8 percent from FY-19E through FY-20E.
It is advisable to trade on stock specific opportunities with strict stop loss. We continue to maintain a rangebound trading level for index at 10690 levels on upside and 10520 levels on downside, says Dinesh Rohira of 5nance.com.
Ashwani Gujral of ashwanigujral.com suggests buying Ceat with a stop loss of Rs 1240, target of Rs 1285, ICICI Bank with a stop loss of Rs 355, target of Rs 372 and Larsen & Toubro with a stop loss of Rs 1375, target of Rs 1430.
The stock can be bought at current level and on dips towards Rs 1015 with a stop loss below Rs 990 and a target of Rs 1150, says Ashish Chaturmohta of Sanctum Wealth Management.
Nifty needs to cross and sustain above 10,600 for the bounce back to continue towards 10,750-10,850, says Ashish Chaturmohta of Sanctum Wealth Management.
Sudarshan Sukhani of s2analytics.com suggests buying Eicher Motors with stop loss at Rs 22000 and target of Rs 23400, HDFC Bank with stop loss at Rs 1940 and target of Rs 1980 and State Bank of India with stop loss at Rs 285 and target of Rs 315.
The company has reported a growth of 20 percent in its Q1-FY19 results at Rs 18,341 million as against Rs 15,289 million and recommend a buy on the stock, says Siddharth Sedani of Anand Rathi Shares and Stock Brokers.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Aurobindo Pharma with a stop loss of Rs 720 and target of Rs 755 and sell Equitas Holdings around Rs 131 with stop loss of Rs 136 and target of Rs 120.
Expect Pidilite Industries revenues to grown at a CAGR of 15.8 percent from FY-19E through FY-20E. Its consolidated revenues are expected to be around Rs 8,156 crore by FY20E
Traders are advised to go for a directional view on indices and one should look for stock-specific action, says Dyaneshwar Padwal of KIFS Trade Capital.
Ashwani Gujral of ashwanigujral.com suggests buying Dr Reddy's Labs with a stop loss of Rs 2470, target of Rs 2550, NIIT Tech with a stop loss of Rs 1395, target of Rs 1430 and Bank of Baroda with a stop loss of Rs 148, target of Rs 160.
The firm added that the company will be prioritizing growth over margins. It expects margin to be in the band of 20-24 percent.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy HCL Tech with a stop loss of Rs 1008 and target of Rs 1060 and can sell Indian Bank with a stop loss of Rs 339.5 and target of Rs 322 and Repco Home with a stop loss of Rs 593 and target of Rs 560.
If Nifty holds above 11,480, we expect the rally to continue towards 11,700-11,750 levels. On the downside, immediate support is seen at 11,480. A break below this level would see profit booking towards 11,340, says Ashish Chaturmohta of Sanctum Wealth Management.
Mitessh Thakkar of mitesshthakkar.com suggests buying Interglobe Aviation with a stop loss of Rs 1069 and target of Rs 1124, Oriental Bank of Commerce with a stop loss of Rs 79.5 and target of Rs 86 and Pidilite Industries with a stop loss of Rs 1129 and target of Rs 1180.
Mitessh Thakkar of mitesshthakkar.com recommends buying ACC with a stop loss of Rs 1572 and target of Rs 1640, Aurobindo Pharma with a stop loss below Rs 639 and target of Rs 690 and HUL with a stop loss of Rs 1660 and target of Rs 1840.
The company’s Industrial specialty chemical products in Professional & Do It Yourself (DIY) segment in foreign markets is also catching up fast as they provide flexibility, innovation and unlimited design variation.
"We reiterate our bullish view on the market and maintain our target of 11,600 on the Nifty," says Jayant Manglik of Religare Broking
Traders can accumulate the stock in the range of Rs 1110-1125 for the target of Rs 1207 and a stop loss below Rs 1,069.
Going forward, the trend is expected to remain positive. The Nifty may move towards 11,200 and higher; supports are visible at 11,070 and 11,000
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Torrent Pharma with a target of Rs 1500.
The stock can be bought at current levels and on dips to 1040 with a stop loss below 1010 for a target of 1190 levels.