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
ITC, Colgate, Titan and HDFC, among others are being tracked by analysts today.
According to Prakash Gaba of prakashgaba.com, crucial support for Nifty exists at 9439 and the resistance is at 9560-9591. On the other hand, Bank Nifty has support at 23400 and resistance at 23400.
Sudarshan Sukhani of s2analytics.com suggests buying Tata Elxsi, Apollo Tyres and Muthoot Finance and advises selling GAIL India and Castrol India.
According to Prakash Gaba of prakashgaba.com, there is a good chance that the Nifty could see positive move in the last day of the F&O expiry. The crucial support for the Nifty is at 9466-9439-9400 and the resistance is at 9560-9591 while Bank Nifty has support at 22950 and resistance at 23500.
Maruti Suzuki (MSIL), with nearly 50 percent market share, is a key stock to play this theme and remains top pick in the sector, Nomura said.
Sandeep Wagle of powermywealth.com is of the view that one can sell Titan Company and can buy Adani Enterprises.
Axis Bank, Havells India and Dish TV, among others are being tracked by analysts today.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Manappuram Finance, Gruh Finance and Yes Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Voltas, Ceat and Adani Ports and can hold Maruti Suzuki while one may avoid Infosys.
Ashwani Gujral of ashwanigujral.com recommends buying Piramal Enterprises, Century Ply and Caplin Point.
Most experts have a target of 32,000 – 33,000 on the S&P BSE Sensex which translates into an upside of about 5 percent. Investors will be better off staying with stocks which can outperform markets by a wide margin.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Hindustan Unilever, Maruti Suzuki, Chambal Fertiliser and PTC India and can sell GMDC.
In an interview to CNBC-TV18's Reema Tendulkar and Surabhi Upadhyay, SP Tulsian of sptulsian.com shared his readings and outlook on the fundamentals of the market and specific stocks.
Ashwani Gujral of ashwanigujral.com suggests buying United Spirits, Gujarat Fluorochemicals and Maruti Suzuki.
A vibrant economy and stable currency will make it hard for foreign investors to ignore the theme.
Tata Motors could emerge as a dark horse with new launches as well as alliances, says Credit Suisse.
Prakash Gaba of prakashgaba.com is of the view that technically, the trend is still up and has not been compromised though it is stretched and so un-stretching is not ruled out. He feels that and the crucial support to watch still is 9580 and the resistance is at 9724.
Mitessh Thakkar of miteshthacker.com is of the view that one may buy Dalmia Bharat and Maruti Suzuki.
Chandan Taparia of Motilal Oswal Securities suggests buying Dewan Housing Finance, Federal Bank and TVS Motor.
Ashwani Gujral of ashwanigujral.com recommends buying Maruti Suzuki, Colgate Palmolive, Bharat Forge, Muthoot Finance and DCB Bank.
“Last two-three years Maruti Suzuki has been outperforming the whole private vehicles (PV) pack, we think that momentum will continue. Though the numbers were slightly below estimate, 15 percent growth is good”, Awanish Chandra, Analyst - Auto & Auto Ancillaries at Centrum Broking told CNBC-TV18.
Auto sales, the one positive trend this time has been two-wheeler sales which have been very strong. Both TVS Motor and Hero Motocorp reported good numbers. Bajaj Auto was the only disappointment, down about 10 percent. In an interview to CNBC-TV18, Ashwin Patil, Auto Analyst at LKP Securities shared his readings and outlook on the same.
Ashwani Gujral of ashwanigujral.com is of the view that one can get into tyre and small private banks.
Auto sector, coupled with HDFC and Coal India, among others, are being tracked by analysts on Friday.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Asian Paints and Hindalco Industries and sell Balrampur Chini.