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
Experts expect the market to hit newer highs but are concerned it is gradually getting overvalued and looking at similar valuations like it was at the start of 2018
FY19 promises to be a volatile year for equity markets with indices moving 10-20% in either direction. There are plenty of global headwinds which might arrest the liquidity flow while on the other hand uncertainty around general elections, rising crude oil prices, as well as state election, rate action by the central bank is likely to cap upside.
Citi said it has maintained Indraprastha Gas as its preferred long-term pick and Gujarat State Petronet remained its preferred near-term pick while it stayed constructive on Gujarat Gas & Petronet LNG. However, it has a sell call on Mahanagar Gas.
Anand Rathi has initiated coverage with buy rating on Sanghi Industries with price target of Rs 147, implying potential upside of 28 percent.
Nifty@10,000 is more of a psychological level than anything else. The only concern is that at this level, markets are fairly priced but that does not mean it is on the verge of a big correction.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sectors.
In an interview with CNBC-TV18, SP Tulsian of sptulsian.com, gives a positive outlook on cement and few auto stocks.
According to Mitesh Thacker of miteshthacker.com, one can buy Sanghi Industries, Axis Bank and Natco Pharma.
Prakash Diwan of prakashdiwan.in is of the view that one may prefer Sanghi Industries and JK Lakshmi Cement from the cement space.
Ankur Kulshrestha of HDFC Securities likes Sanghi Industries with a target of Rs 85 and feels that Orient Cement may test Rs 210.
Kiran Jadhav of Precision Investment Services is of the view that one may buy Radico Khaitan with a target of Rs 109.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have – PVR, JK Tyre, Apollo Tyres, Sanghi Industries, Bilt, Noida Toll Bridge, Cairn India, Vedanta, Asian Paints and Sintex Industries.