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
Jash Engineering is in strong bullish momentum and outperforming the broader market. It took support at 50-DMA after a pullback and now it is witnessing a breakout of bullish flag formation to resume its bullish momentum where Rs 780 looks an immediate target.
Short-term trend is expected to remain positive for both Nifty and Bank Nifty. Next upside target for Nifty is seen around 18,200 and 18,450, said Nandish Shah of HDFC Securities.
"Traders should remain bullish and accumulate longs with the stop loss of 15,600 on a closing basis," said Nandish Shah of HDFC Securities.
We continue to believe that sectors that are looking strongest on the medium to long-term charts and are expected to outperform in the coming weeks are IT, FMCG, pharma and metals, said Nandish Shah of HDFC Securities
Ashwani Gujral of ashwanigujral.com is of the view that one can sell India Cements, JSPL and Voltas and can buy PC Jeweller, Rupa & Company and Jubilant Life Sciences.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Rupa and Company.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Natco Pharma and Jubilant Life Sciences and sell IRB Infrastructure, Tata Steel and Voltas.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shares his views on specific stocks and sectors.
Here are a few top buzzing stocks picked by CNBC-TV18's analysts in trade today - Titan, Tata Elxsi, Arvind, Page Industries, Rupa, Lux, AB Fashion, Godrej Properties, Linde India,Vindhya Telelinks, Universal Cables, Relaxo Footwears and Swelect Energy.
Ashwani Gujral of ashwanigujral.com suggests buying Shriram Transport Finance Corporation, UltraTech Cement and State Bank of India.
Rupa and Company has target of Rs 175, says PN Vijay, Portfolio Manager.