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 Titan Company with a stop loss of Rs 1055, target of Rs 1100, Manappuram Finance with a stop loss of Rs 100, target of Rs 112 and Sun Pharma with a stop loss of Rs 430, target of Rs 455.
The S&P BSE Largecap was up 0.95 percent, while S&P BSE Midcap index and Smallcap Index were down 0.28 percent and 0.36 percent, respectively.
Sudarshan Sukhani of s2analytics.com recommends selling Vedanta with stop loss at Rs 195 and target of Rs 188, Shriram Transport with stop loss at Rs 1080 and target of Rs 1025 and Bharat Forge with stop loss at Rs 480 and target of Rs 464.
Mitessh Thakkar of mitesshthakkar.com recommends buying Dr Reddy's Labs with a stop loss of Rs 2592 and target of Rs 2680, Lupin with a stop loss of Rs 851.5 and target of Rs 890 and Finolex Industries with a stop loss of Rs 547 and target of Rs 585.
Mitessh Thakkar of mitesshthakkar.com suggests buying Apollo Hospitals with a stop loss below Rs 1229 and target of Rs 1295 and advises selling Arvind with a stop loss of Rs 314 and target of Rs 296 and CESC with a stop loss of Rs 687 and target of Rs 651.
Morgan Stanley said in its view, the existence of the NBFC/HFC business model is not under threat as these companies lend to diverse sections of the economy.
Mitessh Thakkar of mitesshthakkar.com suggests selling Aurobindo Pharma with a stop loss of Rs 731 for target of Rs 696 and Bank of Baroda with a stop loss of Rs 101 and target of Rs 93.
"We couldn't see major downfall due to improvement in trade deficit & rupee appreciation. However volatility may persist in the market," Manali Bhatia of Rudra Shares & Stock Brokers said.
Nifty fell 168 points, while Sensex was down 417 points in the last week.
Rajesh Agarwal of AUM Capital recommends buying JSW Steel with stop loss at Rs 394 and target of Rs 410, Indiabulls Housing Finance with stop loss at Rs 915 and target of Rs 965 and Adani Enterprises with stop loss at Rs 137 and target of Rs 148.
Mitessh Thakkar of mitesshthakkar.com recommends buying Biocon with a stop loss of Rs 663 and target of Rs 705 and advises selling Container Corporation of India with a stop loss of Rs 628 and target of Rs 585 and Oriental Bank of Commerce with a stop loss of Rs 75.1 and target of Rs 68.
Sudarshan Sukhani of s2analytics.com suggests buying Reliance Industries with stop loss at Rs 1240 and target of Rs 1275, KPIT Tech with stop loss at Rs 306 and target of Rs 315 and Tata Consultancy Services with stop loss at Rs 2060 and target of Rs 2130.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Bharat Forge above Rs 695, stop loss of Rs 682 and target of Rs 720 and Bharti Airtel with a stop loss of Rs 384 and target of Rs 400 and can sell Just Dial with a stop loss of Rs 547.5 and target of Rs 515.
Ashwani Gujral of ashwanigujral.com suggests buying Dr Reddy's Labs with a stop loss of Rs 2470, target of Rs 2550, NIIT Tech with a stop loss of Rs 1395, target of Rs 1430 and Bank of Baroda with a stop loss of Rs 148, target of Rs 160.
The Sensex and Nifty rallied more than 9 percent each to scale new highs of 38,989.65 and 11,760.20 respectively in current week while the BSE Midcap index jumped over 8 percent and Smallcap climbed over 6 percent in two months.
Asian Paints, Britannia Industries, Castrol India, CRISIL, HUL, ICRA, Indiabulls Housing Finance, IGL, P&G Hygiene and Health, and UltraTech Cements are stocks in which LIC raised its stake consistently for the past four quarter or 1 years.
Traders should prepare themselves for an eventful week and keep a close eye on global developments along with the domestic factors.
Rajesh Agarwal of AUM Capital is of the view that one may buy Hindalco Industries with a target Rs 216.
Traders should use this phase to gradually accumulate in the range of Rs 1190-1200
Though we’re seeing an early sign of bottoming out on the broader front but it’s advisable to remain extra cautious in midcap and smallcap space and avoid the temptation to fall for penny stocks
Ashwani Gujral of ashwanigujral.com recommends buying Asian Paints with a stop loss of Rs 1380, target of Rs 1420 and KPIT Tech with a stop loss of Rs 296, target of Rs 311.
For a correction to occur, experts state that oil prices have to stay above $80 a barrel and dollar has to increase sharply against the rupee
Siddharth Sedani of Anand Rathi says strong demand for capital and consumption goods is likely to continue
Ashish Chaturmohta of Sanctum Wealth Management said as long as Nifty trades below 10,640 levels, we expect the market to retest 10,550 levels which is an important support level for the market.
Ashwani Gujral of ashwanigujral.com recommends buying Cipla with a stop loss of Rs 610, target of Rs 650, Bata India with a stop loss of Rs 854, target of Rs 870 and Jubilant Foodworks with a stop loss of Rs 1370, target of Rs 1420.