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 October, the Sensex rose 3.8 percent and the Nifty was up 3.5 percent.
According to the Prabhudas Lilladher, the bank's baseline scenario of pre-provision operating profit Rs 65,000 crore and Rs 75,000 crore in FY20/FY21 can be achievable.
Brokerages remain bullish on the lender after Q2 net profit trebles and expect a 49 percent upside in the stock in the next one year.
Given current market sentiment and high perceived risk towards corporate governance issues, it is best to avoid poorly governed mid and smallcap companies with question marks on their financials, Rusmik Oza advised.
Sudarshan Sukhani of s2analytics.com advises buying NIIT Technologies with target at Rs 1,455 and stop loss at Rs 1,345.
We need to be cautious while adding long positions at current levels. Put/Call ratio is at 1.48 and India VIX at 17% which indicates high risk in creating long positions on Indices, said Shrikant S. Chouhan, Senior Vice-President, Equity Technical Research at Kotak Securities.
According to CLSA, GDP growth in FY20 is likely to be around 6 percent, much lower lower than the RBI's 6.9 percent projection.
SMC Global Securities has a buy on Ajanta Pharma and Can Fin Homes while Choice Broking has buy on State Bank of India.
A sustainable move above 10,900 could propel the index back towards the high of 11,141 but for a much stronger base confirmation the index needs to clear the 11,200 mark
Abhimanyu Sofat of IIFL Securities said merger of relatively better run Indian Bank with Allahabad Bank is disappointing.
We expect the index to continue with its outperformance so we advise investors to accumulate quality midcap stocks in a staggered manner.
Brokerages retain a positive stance, but slash price target on higher slippages. They see scope for higher credit cost in FY20 and downside risks to earnings from a larger watch list.
Prakash Gaba of prakashgaba.com recommends buying Maruti Suzuki with target at Rs 5750 and stop loss at Rs 5450 and Reliance Industries with target at Rs 1205 and stop loss at Rs 1160.
The indecisive candle on monthly chart followed by bearish candle is suggesting that bulls are likely to struggle at higher levels.
Mitessh Thakkar of mitesshthakkar.com advises buying Power Grid with a stop loss of Rs 206 and target of Rs 218.
Any close below 11,250 levels would lead to an extension of the fall towards 200 day SMA which is placed around 11,100 levels.
Ashwani Gujral of ashwanigujral.com suggests selling State Bank of India with a stop loss of Rs 361, target of Rs 346 and Kotak Mahindra Bank with a stop loss of Rs 1520, target of Rs 1465.
Ashwani Gujral of ashwanigujral.com recommends buying Hindustan Unilever with a stop loss of Rs 1745, target of Rs 1800 and IndusInd Bank with a stop loss of Rs 1480, target of Rs 1540.
Sudarshan Sukhani of s2analytics.com advises buying Divis Labs with stop loss at Rs 1590 and target of Rs 1650 and Indraprastha Gas with stop loss at Rs 310 and target of Rs 325.
A bullish trend could push the Nifty towards 11,950. Going forward, a sustained trade above 11,950 may induce a rally towards 12,100-12,250 levels
Ashwani Gujral of ashwanigujral.com recommends buying State Bank of India with a stop loss of Rs 360, target of Rs 374 and Bharti Airtel with a stop loss of Rs 348, target of Rs 364.
Prakash Gaba of prakashgaba.com recommends buying Mahindra & Mahindra with target at Rs 675 and stop loss at Rs 650, Mahanagar Gas with target at Rs 875 and stop loss at Rs 854 and Tata Chemicals with target at Rs 653 and stop loss at Rs 630.
A breakout above 11,850 levels can infuse a rally which could take the index towards 12,000-12,100 levels
A move above 11,620-11,590 can trigger short covering rallies to the upper end of the range which is 11,850. Any significant move will be visible on a breakout on either side from this range.
Nomura maintains buy rating on the stock with a price target at Rs 470 apiece, implying 38 percent potential upside from the current level