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
Sudarshan Sukhani of s2analytics.com recommends buying Voltas and Power Grid and sell GAIL India while one can avoid Lupin.
Avinash Gorakshakar, Market Expert is of the view that one may hold NTPC.
Sudarshan Sukhani of s2analytics.com recommends buying Power Grid, NMDC, Hindalco Industries and Vedanta.
Credit Suisse maintains outperform on Strides Shasun expecting recovery in H2FY17. It has cut estimates by 30 percent/22 percent in 2017/18 to factor in API weakness. It says margin may hit 20 percent in second half with recovery in Africa business.
Here are brokerages views on 6 stocks. CLSA has a buy call with target at Rs 200 per share. It estimates a 50 percent rise in regulated equity over FY16-19. Stock is inexpensive as trading below its long-term price to equity & price to book multiples.
Mitesh Thacker of miteshthacker.com is of the view that one can buy Divis Labs and Power Grid and sell Aurobindo Pharma.
Ashwani Gujral of ashwanigujral.com is of the view that one may see correction in Dewan Housing Finance.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Punjab National Bank, Bank of India, Britannia Industries, Ajanta Pharma and Voltas.
Prakash Gaba of prakashgaba.com is of the view that one may trade long in Power Grid and Bank of India.
Chandan Taparia of Anand Rathi Securities recommends buying Asian Paints, Jet Airways and Power Grid.
Sudarshan Sukhani of s2analytics.com is of the view that Power Grid is a positional trade and sees outperformance to continue in Hero MotoCorp.
JK Jain of Karvy Stock Broking recommends buying Maruti Suzuki and Power Grid and advises selling Mahindra & Mahindra Financial Services.
Sandeep Wagle of powermywealth.com recommends buying Power Grid and BHEL and advises selling Glenmark Pharma while Maruti Suzuki may test Rs 4800.
Sandeep Wagle of powermywealth.com is of the view that one can buy Axis Bank, Power Grid and JSW Steel.
In an interview to CNBC-TV18, Prakash Diwan, Investment Evangelist at prakashdiwan.com shared his readings and outlook on specific stocks and sectors.
Ashwani Gujral of ashwanigujral.com recommends buying Lupin, Power Grid and Tata Motors DVR and advises selling IndusInd Bank and YES Bank.
Manish Sharma of derivativetradingresearch.com is of the view that one may sell Allahabad Bank with a target of Rs 71.
According to Nooresh Merani of Asian Market Sec, one may stay invested in Power Grid.
Gaurang Shah of Geojit BNP Paribas feels that Power Grid may test Rs 185.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Tata Chemicals and Power Grid and sell KPIT Tech.
According to Chandan Taparia of Anand Rathi Securities, one can buy Shriram Transport Finance Corporation, TVS Motor Company and Dr Reddy's Laboratories.
Sandeep Wagle of powermywealth.com recommends buying Bharat Financial Inclusion, Hero MotoCorp and Power Grid.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Engineers India, Aditya Birla Nuvo and Reliance Capital.
Sudarshan Sukhani of s2analytics.com recommends buying Bharat Petroluem Corporation, Power Grid and Biocon.
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.