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
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Lupin and Steel Authority of India.
Mitesh Thacker of miteshthacker.com advises buying SAIL and Engineers India.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sectors.
Credit Suisse has maintained underperform call on Steel Authority of India (SAIL) as the stock remained expensive even at FY18 EBITDA (earnings before interest, tax, depreciation and amortisation) and any deleveraging looks unlikely till FY19.
CLSA has a buy rating on Jubilant Foodworks but says the stock will be under pressure in near-term as departure of two key members raises several concerns.
Here are a few stocks picked up by CNBC-TV18's analysts to keep on your radar for trade today -- stocks expected to gain are HUL, Cox & Kings, Motherson Sumi, Reliance Communication, Bharti Infratel, IDBI Bank, Crompton Consumer, Cairn, Eros International while stocks expected to be under pressure are Yes Bank, TCS, SAIL, JSPL, Puravankara.
Citi has a sell rating on TCS with a target at Rs 2447 per share on premium valuations in the sector context.
Vijay Chopra of enochventures.com is of the view that one can hold Steel Authority of India.
Rajat Bose of rajatkbose.com is of the view that o ne can buy ONGC and SAIL.
According to Mitesh Thacker of miteshthacker.com, one can buy Colgate Palmolive, Glenmark, Motherson Sumi and SAILand advises selling BEL.
Kunal Saraogi of Equityrush recommends buying Jain Irrigation with target of Rs 101 and Bank of India with target of Rs 130.
Mitesh Thacker of miteshthacker.com is of the view that one can buy SAIL.
Sandeep Wagle of powermywealth.com is of the view that one can buy Larsen & Toubro, SAIL and Syndicate Bank.
Mitesh Thacker of miteshtahcker.com is of the view that one can buy BEML and Steel Authority of India and sell Eicher Motors.
Hemant Thukral of Aditya Birla Money is of the view that M&M Financial Services may test Rs 345 in 3-4 trading sessions.
Sandeep Wagle of powermywealth.com recommends buying Oriental Bank of Commerce, Steel Authority of India and BF Utilities.
Ruchit Jain of Angel Broking advises buying Ipca Laboratories with a target of Rs 560.
Sameet Chavan of Angel Broking is of the view that one may buy SAIL with a target of Rs 49.
Jay Thakkar of Sharekhan recommends buying Allahabad Bank with target of Rs 82.20 and Eros International with a target of Rs 239.80.
The Director General of Anti-Dumping (DGAD) has recommended anti-dumping duty on imports of HRC products from China, Japan, Korea, Russia, Brazil and Indonesia. HR forms 50 percent of steel imports and the six countries form 98 percent of HR exports to India.
Vijay Chopra of enochventures.com is of the view that one may buy Chennai Petroleum Corporation with a target of Rs 280.
Rahul Mohindar of viratechindia.com is of the view that one may buy Zee Entertainment Enterprises and Reliance Industries.
Vijay Chopra of enochventures.com advises buying Chennai Petro with a target of Rs 265.
Shahina Mukadam, Independent Market Expert is of the view that one may exit SAIL on bounce.
Sandeep Wagle of powermywealth.com feels that SAIL will remain in Rs 48-50 range.