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 RSI Smoothened indicator that recently witnessed a dip has turned northward and is flashing fresh buy signals. In the week beginning April 1, close attention will be paid to the all-time high levels above 22,500, as hesitation was evident at these levels
Market experts advise a prudent, stock-specific approach in such an uncertain market
Siguler Guff NJDM Investment Holdings Ltd sold 30 lakh shares of Indian Energy Exchange at Rs 161.5 per share on NSE and SG Bric III Trading LLC sold 20 lakh shares of company at same price on BSE.
SBI Mutual Fund purchased 39 lakh shares of Crompton Greaves Consumer Electricals at Rs 212.5 per share while Nordea 1 Sicav was the seller, offloading 77,57,531 shares at Rs 212.55 per share on BSE.
Brent crude futures, the international benchmark for oil prices, have slipped around 30 percent since early October to trade around $60 a barrel from around $86 a barrel
Ashwani Gujral of ashwanigujral.com recommends buying TV Today, UltraTech Cement and Tata Steel.
Mitessh Thakkar of miteshthacker.com recommends buying HDFC with a stop loss of Rs 1740 and target of Rs 1795 and ICICI Bank with a stop loss of Rs 312 and target of Rs 330.
Future Retail, Tata Steel and telecom, among others are being tracked by analysts on Tuesday.
CA Rudramurthy BV of Vachana Investments advises buying Royal Orchid Hotels with a target of Rs 95.
Manas Jaiswal of manasjaiswal.com advises selling Punjab National Bank with a target of Rs 113.
Pankaj Jain of Sunteck Wealthmax advises buying S H Kelkar & Company with a target of Rs 225.