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
Rajesh Agarwal of Aum Capital advises buying Mahanagar Gas with a target Rs 859.
Mitessh Thakkar of mitesshthakkar.com suggests buying Adani Power with a stop loss below Rs 20 and target of Rs 23.50, IndusInd Bank with a stop loss of Rs 1892 and target of Rs 1930 and Nestle India with a stop loss of Rs 10280 and target of Rs 11000.
Centrum Wealth Research said if Indian corporate earnings can experience long term mean-reversion to those levels at 5.30 percent, robust earnings uptick can be expected.
Mitessh Thakkar of mitesshthakkar.com suggests buying Havells India with a stop loss below Rs 562 and target of Rs 595, PVR around Rs 1400 with stop loss of Rs 1379 and target of Rs 1450 and Repco Home Finance with a stop loss of Rs 576 and target of Rs 620.
Ashish Chaturmohta of Sanctum Wealth Management said if the Nifty continues to hold above 10,790, the index can rally initially towards 10,929 and then possibly towards 11,100 levels.
Mitessh Thakkar of mitesshthakkar.com recommends buying Dr Reddy's Lab with a stop loss below Rs 2284 and target of Rs 2400, Repco Home above Rs 580, with stop loss of Rs 565 and target of Rs 610 and Maruti Suzuki with a stop loss of Rs 9180 and target of Rs 9300.
Traders can accumulate the stock in the range of Rs 9,180-9,230 for the target of Rs 9,800 with a stop loss below Rs 8,943, says Achin Goel of Bonanza Portfolio.
The recent upmove in the Nifty has found initial resistance at the falling trend line on the daily chart. A clean takeout of the falling trend line, which is currently pegged at 10,772, is expected to set Nifty for a rally towards 10,830-10,900.
Rajesh Agarwal of AUM Capital recommends buying Maruti Suzuki with stop loss at Rs 9070 and target of Rs 9380, Lupin with stop loss at Rs 925 and target of Rs 946 and Bharat Forge with stop loss at Rs 618 and target of Rs 658.
Prashanth Tapse of Mehta Group said the impact of GST on macroeconomic indicators is likely to be very positive in the medium-term
With challenges on the macro front and increasing political headwinds faced by the BJP heading into the 2019 general elections, Prabhudas Lilladher believes traders are likely to remain cautious
Shares of Maruti Suzuki rallied over 1,000 percent, followed by HDFC Bank (766 percent), TCS (713 percent), and M&M (540 percent) in the last 10 years.
The stock can be bought at the current level and on dips to Rs 8,920 with a stop loss below Rs 8,750 for a target of Rs 9,800 levels, says Ashish Chaturmohta of Sanctum Wealth Management.
Though the Nifty managed to close above the resistance zone of 10,760-10,770, it has formed Gravestone Doji candlestick pattern on the daily chart which is a reversal pattern.
Rajesh Agarwal of AUM Capital recommends buying Cipla with stop loss at Rs 530 and target at Rs 556, Bharat Petroleum Corporation with stop loss at Rs 395 and target at Rs 418 and a buy also in Tata Global Beverage with stop loss at Rs 255 and target of Rs 275.
Rajesh Agarwal of AUM Capital recommends buying RBL Bank with stop loss at Rs 514 and target at Rs 533, Larsen & Toubro with stop loss at Rs 1350 and target at Rs 1408 and Mahindra & Mahindra Financial Services with stop loss at Rs 485 and target at Rs 519.
Prakash Gaba of prakashgaba.com recommends buying Dabur India with target at Rs 385 and stop loss at Rs 374, Exide Industries with target at Rs 266 and stop loss at Rs 252 and a buy also in Hindalco Industries with target at Rs 255 and stop loss at Rs 237.
On the lower side, the recent low of 10,418 will act as an immediate support for the index, below which it is likely to correct and retest its daily 200-day daily moving average (DMA) placed near 10,330 levels.
Rajesh Agarwal of AUM Capital recommends buying Infosys with stop loss at Rs 1197 and target at Rs 1246, a buy in Coal India with stop loss at Rs 274 and target of Rs 288 and a buy also in Housing Development Finance Corporation with stop loss at Rs 1775 and target at Rs 1845.
Benchmark indices broke above key resistance levels on strong results from India Inc.
"We are bullish on Maruti Suzuki for long term. The company will be a wealth creator for investors who hold it for a horizon of 5-10 years," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
"We expect a further correction in this stock and recommend traders to short Maruti around Rs 9000 levels with a price target of Rs 8300," says Aditya Agarwal,Head Technical Research at Way2Wealth Brokers.
"We remain positive on Maruti Suzuki, considering multi-year favourable product lifecycle and improvement in product mix (increasing share of premium products) aiding realisations and consequently margins," says Yogesh Mehta, Vice President - Equity Advisory at Motilal Oswal.
Global brokerage house Citi expects double digit growth for current financial year (FY19) but with some downgrade risks.
Adani Ports, Maruti Suzuki and Infosys, among others, are on investors’ radar on Monday.