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 ICICI Bank with a stop loss of Rs 315, target of Rs 332, Reliance Industries with a stop loss of Rs 1200, target of Rs 1265 and Ajanta Pharma with a stop loss of Rs 1170, target of Rs 1225.
Mitessh Thakkar of mitesshthakkar.com suggests buying IDFC with a stop loss of Rs 47.5 and target of Rs 56, M&M above Rs 945 with stop loss of Rs 934 and target of Rs 980 and Muthoot Finance with a stop loss of Rs 414 and target of Rs 450.
It is time to bid adieu to tactics of the likes of the brilliant T20 blasters Rohit Sharma and Eoin Morgan and welcome and adopt the sagacity of purists like Pujara and Alistair Cook.
One can go long near the levels of 1100-1110 with the stop loss of Rs 1,060 for the target of Rs 1,170 and Rs 1,200 mark.
Investors are advised to stay long as long as the index holds above 10,750-10,700, experts said
Shabbir Kayyumi of Narnolia Financial Advisors advises buying Escorts with a target of Rs 950.
Shabbir Kayyumi of Narnolia Financial Advisors expects the Nifty to trade within a 10,850-11,200 range going forward
Ashwani Gujral of ashwanigujral.com recommends buying Yes Bank with a stop loss of Rs 387, target of Rs 405, Indraprastha Gas with a stop loss of Rs 268, target of Rs 284 and Reliance Industries with a stop loss of Rs 1090, target of Rs 1140.
We recommend buying Reliance for the upside target of Rs 1140, keeping stop loss at Rs 1040, says Vinay Rajani of HDFC Securities.
“The Nifty has to sustain above 11,020 levels, to extend the rally towards 11,395. A breach of 10,900 on a closing basis would be sign of a bearish trend reversal,” says Vinay Rajani of HDFC Securities
Hemang Jani, Head - Advisory, Sharekhan, said any major declines should be used as an opportunity to get into quality names in the consumption and financials space
On a year-on-year basis, average AUM increased 19.8 percent (Rs 3.9 trillion) in June 2018
For the week, Reliance Industries gained 12.31 percent while IDBI Bank jumped 18.88 percent. TCS added 3.56 percent while HCL Technologies gained 4.17 percent and Shilpa Medicare registered a gain of 5.39 percent.
Sumit Bilgaiyan of Equity99 says next week will be crucial for the market as it will see plenty of stocks reporting their quarterly numbers.
Mitesh Thacker of miteshthakkar.com suggests buying Havells India with a stop loss of Rs 556 and target of Rs 585 and Reliance Industries with a stop loss of Rs 1014 and target of Rs 1090.
Rajesh Agarwal of AUM Capital recommends buying Divi's Laboratories with stop loss at Rs 1090 and target of Rs 1157, Reliance Industries with stop loss at Rs 1018 and target of Rs 1060 and Hindustan Unilever with stop loss at Rs 1690 and target of Rs 1749.
Mitessh Thakkar of mitesshthakkar.com recommends buying Exide Industries with a stop loss of Rs 264.9 and target of Rs 280, RBL Bank with a stop loss of Rs 570 and target of Rs 600 and HCL Tech with a stop loss of Rs 949 and target of Rs 985.
Reliance continues to be India's largest exporter accounting for 8.9 percent of India's total merchandise exports with a value of Rs 176,117 crore with access to markets in 113 countries.
Rajesh Agarwal of AUM Capital recommends buying Maruti Suzuki with stop loss at Rs 9070 and target of Rs 9380, Lupin with stop loss at Rs 925 and target of Rs 946 and Bharat Forge with stop loss at Rs 618 and target of Rs 658.
Positional traders are advised to buy into this counter for a target of Rs 970 and a stop loss below Rs 900, says Mazhar Mohammad of Chartviewindia.in.
Prakash Gaba of prakashgaba.com advised selling Bajaj Auto with a target price of Rs 2,790 and stoploss at Rs 2,855.
Shares of Maruti Suzuki rallied over 1,000 percent, followed by HDFC Bank (766 percent), TCS (713 percent), and M&M (540 percent) in the last 10 years.
Stock specific moves likely to happen in selective IT, pharma, NBFC stocks and heavyweights stocks are likely to take the lead while PSU, Auto, Cement, Mid and Small Cap stocks would be under pressure with limited upside.
Vinay Rajani of HDFC Securities is of the view that one can sell Aurobindo Pharma with target at Rs 485 and stop loss at Rs 570, a sell in Muthoot Finance with target at Rs 350 and stop loss at Rs 395 and a buy in Cholamandalam Investment with target at Rs 1,700 and sto loss at Rs 1,490.
Positional traders are advised to buy into this counter for a target of Rs 970 and a stop loss below Rs 900.