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
Punjab National Bank, Shree Cement and Tata Steel are on the radar of analysts on Wednesday.
Sudarshan Sukhani of s2analytics.com recommends buying NBCC, Muthoot Finance, Shree Cements and Bharat Petroleum Corporation and advises selling Dr Reddy's Laboratories.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Shree Cements and sell Sun Pharma while one can stay away from Lupin.
Deutsche Bank's largecap picks are Aurobindo Pharma, BPCL, Maruti Suzuki, NTPC, SBI, Shree Cement, Tata Motors, TCS, Tech Mahindra and Vedanta India.
In an interview to CNBC-TV18 Rajesh Kothari of AlfAccurate Advisors shared his reading and outlook on the market.
Jefferies expects cement demand to recover in FY18/19 as it sees improvement in realisation as capacity. It initiates call on Dalmia Bharat with buy and target of Rs 2227 per share. It has underperform rating on ACC and Ambuja with a target of Rs 1174 and Rs 187 per share.
Brokerage says the firm deserves high valuations due to high profitability, superior return ratios and efficient execution capabilities
Deutsche Bank expects the market to move in a narrow range during 2017, with recovery likely in the latter part of the year. It says unless the union Budget surprises positively with a tax induced fiscal stimulus, the market is likely to mirror the movement seen in Q416.
Deutsche Bank‘s midcaps top picks are CESC, Petronet LNG, Ramco Cements, REC, Shriram Transport and UPL. Among top large caps, its picks are Aurobindo, BPCL, Maruti, NTPC, SBI, Shree Cement, Tata Motors, TCS, Tech Mahindra, Vedanta India and YES Bank.
JP Morgan has a neutral call on HUL with target at Rs 890 per share as volume growth rates will likely bottom in FY17. It says gradual recovery should be in place starting FY18.
In an interview to CNBC-TV18, discussing various stocks, SP Tulsian of sptulsian.com said as of now for the Q3, he was upbeat on AksharChem India but warned that one must review these kinds of stocks every quarter.
Ashwani Gujral of ashwanigujral.com feels that Shree Cements may touch Rs 20000.
SP Tulsian of sptulsian.com shared his views on which cement stocks to look at and the rationale behind his bullishness on RBL Bank IPO.
Here are brokerages views on 6 stocks. CLSA has a buy call with target at Rs 200 per share. It estimates a 50 percent rise in regulated equity over FY16-19. Stock is inexpensive as trading below its long-term price to equity & price to book multiples.
In an interview to CNBC-TV18, Deven Choksey of KRChoksey Investment Managers shared his readings and outlook on specific stocks and sectors.
SP Tulsian of sptulsian.com in an interview to CNBC-TV18 shared his rationale behind turning cautious on cement stocks.
Sudarshan Sukhani of s2analytics.com recommends investing in Siemens and expects upside in YES Bank.
Dipan Mehta - Member at BSE & NSE is poistive on cement space including UltraTech Cement.
SP Tulsian of sptulsian.com in an interview to CNBC-TV18 spoke on the sales number by auto companies. He said the numbers from Ashok Leyland were disappointing, while that of SML Isuzu were good. He sees more upside for SML Isuzu
SP Tulsian, sptulsian.com, shares his views on the sugar stocks, Zee Entertainment and why he would prefer not going for a long call on its stock and why he is bullish on Asian Paints.
Sudarshan Sukhani of s2analytics.com recommends buying UltraTech Cement and Shree Cements.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may sell HDIL with a target of Rs 72.
Aashish Tater of FortuneWizard.com is of the view that Shree Cements is the top bet and expects a rise by Rs 2000.
Manav Chopra of Networth Stock Broking advises buying Tata Motors with a target of Rs 360.
According to Dipen Sheth, Head-Institutional Research at HDFC Securities, one may look at UltraTech Cement.