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 Bombay Burmah, Karnataka Bank and Radico Khaitan.
Watch the interview of SP Tulsian of sptulsian.com with Anuj Singhal, Latha Venkatesh & Sonia Shenoy on CNBC-TV18, in which he shared his readings and outlook on fundamentals of market and specific stocks.
Ashwani Gujral of ashwanigujral.com recommends buying GMR Infra with a stop loss of Rs 20, target of Rs 27 and sell Capital First with a stop loss of Rs 860, target of Rs 800.
Pankaj Jain of SW Capital is of the view that one may buy HEG with a target of Rs 2215.
Pankaj Jain of SW Capital is of the view that one may buy HCL Info with a target of Rs 62.
Vijay Chopra of enochventures.com is of the view that one may buy Jet Airways with a target of Rs 740.
Ashwani Gujral of ashwanigujral.com has a buy on Praj Industries with a stop loss of Rs 110, target of Rs 123, a buy on Radico Khaitan with a stop loss of Rs 284, target of Rs 302 and a buy on Balkrishna Industries with a stop loss of Rs 2150, target of Rs 2300.
Ashwani Gujral of ashwanigujral.com recommends a buy on Radico Khaitan with a stop loss of Rs 280, for target of Rs 305 and a buy on Balkrishna Industries with a stop loss of Rs 2100, target of Rs 2250.
Mitessh Thakkar of miteshthacker.com has a buy on Axis Bank with a stop loss of Rs 547 for target of Rs 585 and a buy on IDFC with a stop loss of Rs 61.8 for target of Rs 67.
Sumeet Jain of Destimoney Securities is of the view that one may buy Idea Cellular with a target of Rs 109.
The index closed on a flat note but there plenty of action seen in the S&P BSE 500 index. Ten stocks rose in the range of 10-22 percent in just 5 trading days which include names like Radico Khaitan which rallied 22 percent, followed by Hatsun Agro which surged 15 percent, and Religare Enterprises was up by 15.5 percent in the same period.
A Large part of the rally was driven by short coverings after Moody’s upgrade tilted the sentiment in favour of bulls. The rating upgrade comes after a gap of 13 years - Moody's had last upgraded India's rating to 'Baa3' in 2004. In 2015, the rating outlook was changed to 'positive' from 'stable'.
Stocks like Radico Khaitan, Globus Spirits, GM Breweries, Empee Distiller, Som Distilleries and Tilaknagar Industries surged anywhere between 5 percent and 15 percent from previous close.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Radico Khaitan and IndusInd Bank and can sell Adani Enterprises.
Ashwani Gujral of ashwanigujral.com suggests buying ICICI Bank and Future Consumer and advises holding L&T Finance Holdings.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Radico Khaitan, Kotak Mahindra Bank, PVR and Torrent Power and can sell Max Financial.
Ruchit Jain of Angel Broking is of the view that one may sell Dish TV with a target of Rs 66.
Investors should look at stocks which are low risk and are trading at levels which may look expensive but justifies future growth potential of the stock.
Ruchit Jain of Angel Broking suggests buying Exide Industries with a target of Rs 234.
It was a week of consolidation as Nifty moved in a narrow range of just 50 points, which is really a tiresome thing for the traders preferring index specific trades.
Mitessh Thakkar of miteshthacker.com recommends buying Radico Khaitan and Coal India.
Sumeet Jain of Destimoney Securities suggests buying Dabur India with a target of Rs 336.
Sumeet Jain of Destimoney Securities advises buying BEML with a target of Rs 1750.
Expectation of some bit of consolidation cannot be ruled out in the coming week and investors will be better off taking bets on individual stocks.
According to Ashwani Gujral of ashwanigujral.com, one can buy Radico Khaitan, HSIL and Raymond.