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
The S&P BSE Midcap index was down 0.76 percent and S&P BSE Largecap Index shed 0.78 percent, while Smallcap Index was up 0.48 percent last week.
If you look at a 3-6 months period, stocks will still look at prices way lower than earlier, said Pritam Deuskar, Fund Manager, Bonanza Portfolio
Bulls were in charge of D-Street in an action-packed week. Benchmark indices broke above key resistance levels on strong results from India Inc. except for Axis Bank. Falling rupee kept the IT and pharma pack buzzing.
Rajat Bose of rajatkbose.com advises buying Reliance Naval on dips.
Vijay Chopra of enochventures.com is of the view that one may enter Reliance Naval around Rs 28-30.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Reliance Naval and Eicher Motors and can buy Prestige Estates.
Sudip Bandopadhyay, Group Chairman at Inditrade Capital is of the view that one can stay away from Reliance Naval.
Ashwani Gujral of ashwanigujral.com suggests buying Ashok Leyland, Jain Irrigation Systems and Tata Motors.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sectors.
Ashwani Gujral of ashwanigujral.com suggests buying Reliance Naval, Adani Enterprises and Reliance Power.
Mitessh Thakkar of mitesshthakkar.com suggests buying Tata Motors, V-Guard Industries and Ramco Cements.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Jindal Steel & Power and NCC and sell Reliance Naval.
Mitessh Thakkar of miteshthacker.com suggests buying Axis Bank with a stop loss of Rs 533 for target of Rs 565 and a buy on National Aluminium Company with a stop loss below Rs 85 for target of Rs 92 while he advises selling Cummins India below Rs 875 with stop loss of Rs 891 for target of Rs 845.
Ashwani Gujral of ashwanigujral.com suggests buying KNR Construction with a stop loss of Rs 270, target of Rs 287, a buy in Aurobindo Pharma with a stop loss of Rs 784, target of Rs 810 and a buy in JM Financial with a stop loss of Rs 168, target of Rs 182.
Ashwani Gujral of ashwanigujral.com has a buy on Gujarat Alkalies with a stop loss of Rs 775, target of Rs 800, a buy on Gujarat Fluorochemicals with a stop loss of Rs 920, target of Rs 960 and a buy on GSFC with a stop loss of Rs 156, target of Rs 170.
Jay Thakkar of Anand Rathi Securities advises buying Greaves Cotton with a target of Rs 142.75.
Kunal Saraogi of Equityrush is of the view that one may buy PVR with a target of Rs 1430.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Edelweiss Financial Services and sell Reliance Naval and Engineering and HDIL.
According to Mitessh Thakkar of mitesshthakkar.com, one can sell Apollo Hospitals, Can Fin Home and ICICI Prudential Life and can buy Reliance Defence and Sun Pharma.
Mitessh Thakkar of miteshthacker.com recommends buying Wipro and Reliance Defence.
Ashwani Gujral of ashwanigujral.com suggests buying BEML while he feels that Ujjivan Financial Services may test Rs 420.
Ruchit Jain of Angel Broking advises buying Century Textiles with a target of Rs 1160.
Sandeep Wagle of powermywealth.com suggests selling Adani Enterprises and advises buying Reliance Defence.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Infra, Reliance Defence and Rain Industries.
Rajat Bose of rajatkbose.com is of the view that one may buy DLF, Can Fin Homes and Reliance Defence.