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
Ashwani Gujral of ashwanigujral.com recommends buying Titan Company with a stop loss of Rs 920, target of Rs 945, Ajanta Pharma with a stop loss of Rs 1130, target of Rs 1165 and Bajaj Finance with a stop loss of Rs 2400, target of Rs 2520.
Sudarshan Sukhani of s2analytics.com suggests buying Adani Ports with stop loss at Rs 321 and target of Rs 372, Ajanta Pharma with stop loss at Rs 1050 and target of Rs 1180 and MRF with stop loss at Rs 65200 and target of Rs 68500.
Bulls should get cautious if Nifty falls below 10,450 followed by 10,380 levels, writes Shabbir Kayyumi of Narnolia Financial Advisors
Rajesh Agarwal of AUM Capital recommends buying J Kumar Infraprojects with stop loss at Rs 264 and target of Rs 280, Power Grid Corp with stop loss at Rs 192 and target of Rs 200 and ITC with stop loss at Rs 313 and target of Rs 329.
Rahul Mohindar of viratechindia.com recommends buying Indraprastha Gas with stop loss of Rs 290 and target of Rs 325 and Yes Bank with stop loss at Rs 370 and target of Rs 403.
Hadrien Mendonca of IIFL suggests buying SBI with a target Rs 315.
Motilal Oswal believes merchant capacities with low variable cost will either be able to seek power purchase agreements (PPAs) or realise better margins in merchant sales.
Prakash Gaba of prakashgaba.com is of the view that one can buy Apollo Hospitals with target at Rs 1060 and stop loss at Rs 1020 and also buy Power Grid with target at Rs 205 and stop loss at Rs 198 while advises selling Indian Oil Corporation with target at Rs 163 and stop loss at Rs 170.
“I do have a few substitutes to juice up the portfolio, if conditions change,” says Ayon Mukhopadhyay of IIFL Institutional Equities for UK and Europe
Pharmaceutical majors Cipla and Dr Reddy’s Labs will announce Q4 earnings on Monday while OMC majors IOC and HPCL will declare their results on same day.
With the improvement in the capitalisation-to-capex ratio, steady regulated Return on Equity (ROE), the research firm is of the view that Power Grid fundamentals would continue to remain strong.
Here is the list of 20 stocks that could give up to 50 percent return over a period of one year.
"We are expecting an upside move in the counter up to to the level of Rs 220-225 while downside support comes at Rs 195 level," says Sumeet Bagadia, Associate Director, Research at choiceindia.com.
"Nifty has to cross 10,555 levels decisively for further upmove. Sustenance trade above 10,555 marks may add momentum on upside till 10,650-10,670 levels," says RajeshAgarwal of AUM Capital.
Prakash Gaba of prakashgaba.com recommends buying CG Power with target at Rs 84 and stop loss at Rs 81.50, a buy on ITC with target at Rs 275 and stop loss at Rs 265 and a buy also on Jet Airways with target at Rs 680 and stop loss at Rs 630.
Now all eyes are on corporate earnings and Karnataka elections along with crude oil movement, experts suggest.
Here is the list of top 17 stocks that can give up to 99% return.
As the market already corrected in the last two months with a price damage of around 10 percent the incentives for bears after Friday’s gap down opening appears to be little.
Here is a list of top buy or sell ideas by experts for the coming week which could give up to 13% return.
Nomura has initiated coverage with Buy call on Tejas Networks and set a target price at Rs 430 per share.
The Nifty50 is expected to open flat on Monday following muted trend is seen in other Asian markets and weak handover from Wall Street.
Investors should view markets with sector and stocks specific approach and we don’t recommend to add aggressive shorts but wait for a pullback, Manav Chopra, CMT, Head Research- Equity, Indiabulls Ventures Ltd, said in an interview to Moneycontrol's Kshitij Anand.
If the market in its own wisdom decides to breach 9900 level then major support appears to be in the zone of 9736 – 9685 levels, Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in, said in an interview to Moneycontrol's Kshitij Anand.
Gaurang Shah of Geojit Financial Services is of the view that one may prefer Power Grid.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell SBI, DLF and Axis Bank and can buy NTPC and Power Grid.