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 is of the view that one may prefer State Bank of India.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell PNB and Kaveri Seed Company and can buy Coal India and Hexaware Technologies while one can hold Yes Bank and Vedanta.
BPCL which gained 3.28 percent followed by HPCL were the top Nifty gainers while Indiabulls Housing Finance, Power Grid, HCL Tech and HDFC were the top Nifty losers.
Morgan Stanley in a research note said that the India government plan to recapitalise banks or troubled asset relief program (TARP) will break the five-year-plus cycle of NPLs.
The bull charge was led by Punjab National Bank which zoomed over 30 percent while Bank of Baroda spiked 22.95 percent followed by Bank of India which gained 21.17 percent. State Bank of India was the other top gainer which added 17.88 percent in the morning trade.
Mitessh Thakkar of mitesshthakkar.com has a buy on Vijaya Bank with a target of Rs 66, a buy on NTPC with a target of Rs 190 and a buy Oil India Limited with a target of Rs 358.
Ashwani Gujral of ashwanigujral.com recommends buying Punjab National Bank, EID Parry and Canara Bank.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Idea Cellular and Reliance Industries and can sell Punjab National Bank, Reliance Infrastructure and Bank of Baroda.
Bharat petroleum Corporation and Indiabulls Housing Finance which added over 2 percent each on the Nifty while a total of 142 stocks hit 52-week high in today's trade on the BSE Index.
The fall was largely aided by Reliance Industries which was down 0.68 percent. IndusInd Bank was the top Nifty loser down over 2 percent while Godrej Agrovet was the most active stock.
Ashwani Gujral of ashwanigujral.com recommends buying Punjab National Bank, Britannia Industries and Oberoi Realty.
Reliance Industries and Tata Steel hit new 52-week high while Bharti Airtel zoomed over 6 percent. Avenue Supermarts, Bharat Financial Inclusion, Dabur India, Havells India and JSPL were the other stocks which hit 52-week high in the Nifty.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Punjab National Bank ad can buy Mahindra & Mahindra.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Punjab National Bank and Canara Bank and can buy Britannia Industries.
The top loser in Nifty50 Index were Indiabulls Housing Finance followed by Bajaj Finance and State Bank of India while the stocks that hit new 52-week low on the Nifty were Amara Raja Batteries, Wockhardt and Reliance Communications.
Nomura prefers ICICI Bank or Axis Bank over PSU banks.
Mitessh Thakkar of mitesshthakkar.com advises buying Bajaj Finance.
Ashwani Gujral of ashwanigujral.com advises buying NIIT Technologies.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may sell PNB, Canara Bank and MRF.
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy Coal India and ONGC.
According to Mitessh Thakkar of mitesshthakkar.com, one may sell Punjab National Bank and Bosch.
Sudarshan Sukhani of s2analytics.com advises shorting Jet Airways and Punjab National Bank.
Going forward, the index could remain on a rising trajectory and head towards a target of 10,400 in coming weeks.
The idea behind creating ‘wealth’ is to find companies which can outperform benchmark indices in a Bull Run and contain damage when the equity markets decide to head south.
Ashwani Gujral of ashwanigujral.com recommends buying L&T Finance Holdings, Dewan Housing Finance, Sundram Fasteners, Indraprastha Gas, BF Utilities and Larsen and Toubro.
