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
From here on, 16,800 levels will act as immediate support for the Nifty50 and if prices slip below this level, then 16,500 will be the next support zone for the index, says Rohan Patil of Bonanza Portfolio
In last five years, among main board IPOs, total 7 stocks closed the listing day with more than 100% gains. These include Burger King India, Happiest Minds Technologies and Mrs Bectors Food Specialities
"At the current market price of Rs 387, the company is trading at 11x multiple for FY19. We are recommending a buy with target of Rs 445," says Sumit Bilgaiyan, Founder of Equity99.
Vinay Rajani, Technical Analyst, PCG Desk at HDFC Securities recommends buying Thomas Cook with target at Rs 325 and stop loss at Rs 260 and a buy also on NRB Bearing with target at Rs 195 and stop loss at Rs 168.