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 most noted point after September quarter earnings season was that more than 100 stocks witnessed upgrade in rating to buy from brokerages.
Earnings are unlikely to pick up unless there is a meaningful recovery in the economy. But, many stocks are available at attractive valuations which have sound fundamentals.
Vinod Nair, Head Of Research at Geojit Financial Services said since the valuation of mid and smallcaps is below the long-term averages, they are bound to outperform
Harendra Kumar of Elara Capital said given the overall robustness in earnings recovery, 2019 could well be a year of midcaps and smallcaps.
Prism Johnson and Somany Ceramics are still available at low valuation while Kajaria Ceramics is the market leader (9 percentas on FY18) and margin leader (17 percent as on FY18) in the ceramic tiles industry.
Somany Ceramics posted weak Q2FY18 numbers with adjusted revenue growing mere 5 percent YoY (against Edelweiss' 9 percent estimate) led by increase in volumes.
The Goods and Services (GST) Council, which met in Guwahati for a 2-day meet starting Thursday of last week, has decided to keep only 50 luxury and 'sin' goods like tobacco in the highest slab.
The 2-day GST council meeting is underway and the outcome is expected on Friday.
Ashwani Gujral of ashwanigujral.com recommends buying Prestige Estates, BEML and Somany Ceramics.
HDFC, Somany and pharma, among others, are on the radar of investors on Tuesday.
According to Ashwani Gujral of ashwanigujral.com, one can buy JK Lakshmi Cement.
JM‘s top picks are Hero Motocorp, Bajaj Auto, Somany ceramics, Greenply, Bajaj Finance and Aditya Birla Fashion
Mayuresh Joshi of Angel Broking is of the view that one can hold TTK Prestige and Somany Ceramics.
The new year is going to be ‘uncertain‘ and hence, one must look at ‘safer stocks‘ than profit-making ones, says Jayant Manglik, Presaident-retail of Religare Securities.
Arun Baid, Vice President-Research at Religare Capital Markets is of the view that one may look at Somany Ceramics.
Arun Baid - Vice President- Research at Religare Capital Markets is of the view that one may look at Somany Ceramics.
Daljeet Singh Kohli, Head-Research at India Nivesh Securites feels that Somany Ceramics may touch Rs 462.
SP Tulsian of sptulsian.com is of the view that Somany Ceramics may test Rs 440 in next six months.
In CNBC-TV18's popular show Bull's Eye, Ashish Kapur, Investshoppe shares trading strategy of the day.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
See 35-40% upside in Somany Ceramics in next six-eight months time, says SP Tulsian, sptulsian.com.