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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
Ruchit Jain of Angel Broking is of the view that one may buy Cholamandalam Finance with a target of Rs 1333.
Sudarshan Sukhani of s2analytics.com suggests buying Tech Mahindra, Biocon and Bharat Financial Inclusion.
Mitessh Thakkar 0f mitesshthakkar.com is of the view that one may buy Bharat Financial and Godrej Consumer.
Prakash Gaba of prakashgaba.com feels that Bharat Financial Inclusion can climb to around Rs 1010.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bharat Forge, Hindustan Petroleum Corporation and Indocount Industries and can sell Max Financial Services and Bharat Financial Inclusion.
Prakash Gaba of prakashgaba.com is of the view that Fortis Healthcare can climb to Rs 155 while Bharat Financial Inclusion can slide to Rs 930.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Ajanta Pharma and Andhra Bank and can sell GMR Infrastructure and Bharat Financial Inclusion.
Yogesh Mehta of Motilal Oswal recommends buying Bharat Financial Inclusion, Yes Bank and Cholamandalam Investment.
Prakash Gaba of prakashgaba.com is of the view that one can go long in Bharat Financial Inclusion and IndusInd Bank.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy SBI, BoI, Syndicate Bank, NCC and Jet Airways and can sell Bharat Financial Inclusion.
Bank Nifty was marginally in the green, up 0.12 percent but the stock which zoomed was Federal Bank that zoomed 5.38 percent after the company declared strong Q2 numbers while ICICI Bank was up 1 percent.
According to Gaurang Shah of Geojit Financial Services, one may hold Bharat Financial Inclusion.
While maintaining buy call with target price of Rs 1,850 per share, Nomura said Bharat Financial merger will not be dilutive for company.
The fall was largely aided by Reliance Industries which was down 0.68 percent. IndusInd Bank was the top Nifty loser down over 2 percent while Godrej Agrovet was the most active stock.
Bharti Infratel continued its dominant form from last week as the stock was the most active gainer in the Nifty, gaining over 2.47 percent followed by Vedanta and Tata Motors which were up 2.12 percent and 1.71 percent respectively.
IndusInd Bank on Saturday confirmed its acquisition of microfinance institution Bharat Financial Inclusion after over a month of exclusive merger arrangement. In an interview to CNBC-TV18, Digant Haria of Antique Stock Broking and Santosh Singh of Haitong Securities shared their views and reading on the deal and the stocks.
The Nifty on Friday hit a fresh record high of 10,179.15, backed by banks as the Bank Nifty added 1.53 percent, up 372.30 points. The charge was largely led by Bank of India, Kotak Mahindra Bank and Canara Bank which were up over 2 percent each.
Bank Nifty was the top performing sector which was up 1.32 percent led b y ICICI Bank and Bank of India while on the other hand, from the midcap space, Havells India added 2.28 percent while Power Finance Corporation was up over 3 percent.
Reliance Industries and Tata Steel hit new 52-week high while Bharti Airtel zoomed over 6 percent. Avenue Supermarts, Bharat Financial Inclusion, Dabur India, Havells India and JSPL were the other stocks which hit 52-week high in the Nifty.
According to Technical Analyst Prakash Gaba of prakashgaba.com, 10,000 has now become a crucial support to work with and the next logical technical target would be 10150-200 zones. The crucial support for the Nifty is at 10000 and the resistance is at 10150-10200. Bank Nifty on the other hand has support at 24200 and resistance at 24534.
The midcap index was the outperforming sector in the early hours of trade led by Biocon, Bharat Financial Inclusion, JSW Energy and Hindustan Zinc while Bharti Infratel followed by Hindalco Industries and Sun Pharmaceutical Industries were the top gainers.
The index is likely to continue to head higher and it may scale up towards 10070-10140 in the coming week, says Rajesh Palviya, Head – Technical & Derivatives Analyst, Axis Securities.
The S&P BSE Sensex rose over 200 points in trade on Friday but there was plenty of action in individual stocks as more than 150 stocks hit a fresh 52-weeks high on the BSE.
Chandan Taparia, Derivative & Technical Analyst at Motilal Oswal Securities suggests buying Bharat Financial Inclusion, Coal India and Dalmia Bharat.
According to Technical Analyst Prakash Gaba of prakashgaba.com, any move above 9946 would propel the Nifty to 10041-10080 zones but looks like the Index is into a pause mode and so a dip is acceptable as long as 9850 holds.
