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 steep fall in oil price is definitely positive not only for India which imports around 85 percent of requirement, but also companies which use as their raw material in any form.
With regard to the intermediate levels, 7,800 followed by 7,500 could be the next supports for Nifty
Mitesh Thakkar of miteshthakkar.com recommends selling Coal India with a stop loss of Rs 162 for target of Rs 150 and Tata Motors with a stop loss of Rs 109 for target of Rs 100.
Mitesh Thakkar of miteshthakkar.com suggests selling Axis Bank with a stop loss of Rs 688 for target of Rs 655 and Equitas Holdings with a stop loss of Rs 104 for target of Rs 95.
Sudarshan Sukhani of s2analytics.com recommends buying Bajaj Finserv with stop loss at Rs 9500 and target of Rs 10300 and Havells India with stop loss at Rs 611 and target of Rs 635.
Prakash Gaba of prakashgaba.com recommends buying Balkrishna Industries with target at Rs 1180 and stop loss at Rs 1143 and Bharti Airtel with target at Rs 582 and stop loss at Rs 554.
Mitesh Thakkar of miteshthakkar.com recommends buying Biocon with a stop loss of Rs 300 for target of Rs 330 and L&T Finance Holdings with a stop loss of Rs 127 for target of Rs 140.
Sudarshan Sukhani of s2analytics.com suggests buying Arvind with stop loss at Rs 42 and target of Rs 46 and HDFC Bank with stop loss at Rs 1200 and target of Rs 1265.
A major theme for 2019 was corporate governance and companies with a good, clean management were rewarded handsomely by the markets – a theme which may well continue in 2020 as well.
Japanese brokerage Nomura also has a buy rating on Reliance with a target price of Rs 2,020 as numbers were largely in-line with petchem much weaker, but offset by better refining & retail.
Prakash Gaba of prakashgaba.com recommends buying Interglobe Aviation with target at Rs 1450 and stop loss at Rs 1385 and Reliance Industries with target at Rs 1575 and stop loss at Rs 1532.
Rajat Bose of rajatkbose.com recommends buying Ashok Leyland with stop loss below Rs 80.75 for target of Rs 90 and Aditya Birla Capital with stop loss below Rs 103.30 for target of Rs 112 and Rs 114.
The overall technical structure is quite bullish after hitting fresh all-time high and the stock has consolidated at near its 20-Day Moving average.
In the last three months, Reliance Industries share price has rallied 29 percent and Lemon Tree gained 22 percent.
We assume that the short-lived correction is probably over and the benchmark index is ready for its next leg of impulse wave which will stretch Nifty to trade in unchartered territory.
If one invested Rs 10,000 in Reliance during IPO in 1977, those shares would have currently valued at Rs 2.1 crore.
We are seeing indications of short term up move in select PSU banks but we still recommend preferring private banks over the PSU pack for the long term investment.
Sudarshan Sukhani of s2analytics.com recommends buying Castrol India with stop loss at Rs 149 for target of Rs 165 and Manappuram Finance with stop loss at Rs 160 and target of Rs 185.
Mitessh Thakkar of mitesshthakkar.com recommends selling Hero MotoCorp with a stoploss of Rs 2,620 and target of Rs 2,530-2,589.10 and advises buying Reliance Industries with a stoploss of Rs 1,458 and target of Rs 1,500-1,472.30.
At CMP the stock is trading at 18.1x FY16E earnings and 14.7x FY17E earnings respectively. We recommend a buy on the stock with a target price of Rs 1,610 per share.
A good set of numbers for the September quarter, consistent FII inflows should keep the market going up, say brokerages.
Mitesh Thakkar of Miteshthakkar.com advises selling Power Grid with stop loss at Rs 196.5 and target of Rs 188.
In October, the Sensex rose 3.8 percent and the Nifty was up 3.5 percent.
FII remained net sellers last week as they sold equities worth Rs 1,272.41 crore.
Volatility needs to move below 16 for market up move to sustain. However above moving 18, could lead to profit booking in market.