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
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
In 2019 so far, the Sensex and Nifty rallied 10 percent each while the BSE Midcap index fell 3 percent and Smallcap index lost 1 percent.
PSU banks are likely to see a turnaround in profitability given that most of the pain has been recognised and NPA and credit costs are peaking out, which will lead to an improvement in return ratios, suggest experts
If the bullish pattern does not hold, key support levels are 5-week EMA placed around 11,760 and 20-DMA placed at 11,650
Top upgrades for FY20E includes names like UPL, State Bank of India, Tata Motors and Tata Steel have seen EPS upgrades of 32.4 percent, 23.3 percent, and 9.3 percent respectively.
Atish Matlawala of SSJ Finance & Securities said that rate cut will benefit banks as they will be able to bring down the cost of funds and pass on the benefit to the borrowers
While State Bank of India gave a strong close at an all-time high, other banks such as Canara Bank, Union Bank, Syndicate Bank and Oriental Bank were a few others that formed bullish patterns over the last week
Early trends put NDA in a comfortable position to form the government that has, to an extent, already been factored by the market after exit polls
India VIX jumped 8.3 percent to close at 25.65. We expect volatility to continue in the market this week with election results on May 23
Dips should be bought into, and good quality midcaps should be accumulated from the current levels; however, the upside target for Nifty is seen at 12,430 levels.
Global volatility and elections-related uncertainties are key events to watch out for
Around 134 out of 776 smallcap stocks closed in the green and out of which top 10 stocks rallied between 8 percent and 33 percent
Sudarshan Sukhani of s2analytics.com recommends buying Mahindra & Mahindra with stop loss at Rs 660 and target of Rs 675, Divis Labs with stop loss at Rs 1698 and target of Rs 1730 and United Spirits with stop loss at Rs 536 and target of Rs 565.
Rate cut usually acts as a sentiment booster and aid companies that have to service large debts
Sudarshan Sukhani of s2analytics.com recommends buying Tata Consultancy Services with stop loss at Rs 2055 and target of Rs 2100, Infosys with stop loss at Rs 743 and target of Rs 761 and V-Guard Industries with stop loss at Rs 218 and target of Rs 226.
If the index crosses and sustains above 11,760 levels on the tradable basis, we expect the rally to continue towards 11,900-12,000
In the current scenario where NBFCs are facing tight liquidity conditions, banks are expected to see much higher credit growth by gaining significant market share in the home loans, PVs, CVs and 2 wheeler portfolios.
Ashwani Gujral of ashwanigujral.com recommends buying Oriental Bank of Commerce with a stop loss of Rs 112, target of Rs 120, State Bank of India with a stop loss of Rs 325, target of Rs 341 and YES Bank with a stop loss of Rs 276, target of Rs 290.
The global investment bank expects returns to be driven largely by earnings with potential valuation overshoot in the near-term.
Sudarshan Sukhani of s2analytics.com recommends buying Tata Chemicals with stop loss at Rs 581 and target of Rs 610, Godrej Consumer Products with stop loss at Rs 709 and target of Rs 725 and Interglobe Aviation with stop loss at Rs 1305 and target of Rs 1342.
A high of 11,383.45 will act as an immediate resistance above which the momentum will resume till 11,465 – 11,523 levels, respectively. On the flip side, the gap area of 11,227 – 11,180.90 will act as strong support on the index.
On the higher end, 10,920 is likely to continue acting as resistance; sustained trades above which may lead to rally towards 11,100.