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
In an interview to CNBC-TV18 Prakash Diwan, Market Expert at Altamount Capital Management shared his reading and outlook on the market.
Sudarshan Sukhani of s2analytics.com is of the view that State Bank of India and HDFC Bank are the best and recommends buying the stocks.
Goldman Sachs has revised FY17/18/19 EPS by 3.2 percent/0.5 percent/-4.4 percent on Q2 trends. It maintains target on SBI at Rs 279 per share and retains buy rating on better risk-reward versus other PSU banks.
Mitesh Thacker of miteshthacker.com is of the view that one may buy State Bank of India on declines.
Mitesh Thacker of miteshthacker.com recommends selling Bajaj Auto, HDFC and Pidilite Industries and advises buying HDFC Bank and State Bank of India.
Dilip Bhat, Joint MD at Prabhudas Lilladher is of the view that State Bank of India is the best pick from the PSU banking space.
Mitesh Thacker of miteshthacker.com is of the view that one can buy Bharat Forge, BEL, State Bank of India and JSW Steel.
Ashwani Gujral of ashwanigujral.com recommends buying SBI, Karnataka Bank, Dr Reddy's Laboratories, Torrent Pharma and Bharat Forge.
Ashwani Gujral of ashwanigujral.com recommends buying Karnataka Bank, Adani Ports and SBI.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Asian Paints, State Bank of India and Maruti Suzuki.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sector.
Ashwani Gujral of ashwanigujral.com recommends buying Dewan Housing Finance Corporation, Hindalco Industries, VIP Industries, State Bank of India and Motherson Sumi Systems.
Rajat Bose of rajatkbose.com recommends shorting Reliance Industries and State Bank of India.
Rajat Bose of rajatkbose.com recommends buying Marico and advises selling State Bank of India.
Rahul Mohindar of viratechindia.com recommends buying ITC with a target of Rs 255.
Morgan Stanley is underweight on SBI with target at Rs 200 per share as five banking subsidiaries reported weak earnings and earnings may be weak in FY17 & FY18. It expects NIM to remain subdued for longer.
SP Tulsian of sptulsian.com recommends PSU banks to brave investors. He expects asset quality of banks to improve going ahead. He also talks about auto stocks and the Tata controversy.
Morgan Stanley retains underweight rating on SBI with a target price of Rs 200 per share. Though it expects credit costs to decline but warns revenues may stay lower for longer
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Canara Bank, Andhra Bank, Ceat and IRB Infra.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy NTPC and sell Allahabad Bank, Infosys, Reliance Capital and Mindtree.
Morgan Stanley has underweight rating on SBI with target at Rs 200 per share stating that credit costs may decline but revenue likely to stay lower for longer. It estimates return on equity (ROE) at 5.9 percent in FY17 and 6.4 percent in FY18 versus 7.7 percent in FY16.
Dilip Bhat, Joint MD at Prabhudas Lilladher is of the view that one may prefer SBI, Britannia Industries, Reliance Capital and Thyrocare.
Sudarshan Sukhani of s2analytics.com is upbeat on Tata Motors and suggests buying State Bank of India.
Sandeep Wagle of powermywealth.com recommends buying State Bank of India, Tata Motors and Coal India.
Prakash Gaba of prakashgaba.com likes PNB for target of Rs 155 and SBI with a target of Rs 270.