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
Vishal Malkan of malkansview.com is of the view that one may buy Steel Authority of India with a target of Rs 47.
CA Rudramurthy BV of Vachana Investments advises buying Royal Orchid Hotels with a target of Rs 95.
Rajat Bose of rajatkbose.com recommends buying SAIL at current level and feels that Capital First may hit Rs 439.
Rajat Bose of rajatkbose.com is of the view that Bank of Baroda may test Rs 140 and expects correction in Tata Steel.
According to Ashish Kyal of wavesstrategy.com, one may remain invested in SAIL.
Rajat Bose of rajatkbose.com feels that Tata Steel may slip below Rs 250.
Manas Jaiswal of manasjaiswal.com recommends buying Firstsource Solutions with a target of Rs 47.50 and Indian Hotels with a target of Rs 120.
Kunal Bothra of LKP Securities likes SAIL as the stock may rise by 30-35 percent in 3-4 months.
Kunal Bothra of LKP Securities recommends buying Steel Authority of India and SRF.
Siddarth Bhamre of Angel Broking is of the view that Hindalco Industries may test Rs 84-85.
SP Tulsian of sptulsian.com is of the view that one can look at Amtek Auto with a target of Rs 62-63 in next six months.
Rakesh Bansal of VP, RK Global advises buying Tata Motors DVR with a target of Rs 311.
According to CA Rudramurthy BV of Vachana Investments, one may hold Steel Authority of India.
Rahul Mohindar of viratechindia.com negative on Tata Steel and Steel Authority of India may test Rs 41.
Rahul Mohindar of viratechindia.com is of the view that one can buy Hindalco Industries on dips and feels that one may avoid Tata Steel.
Sudarshan Sukhani of s2analytics.com recommends selling Mahindra & Mahindra and Steel Authority of India and advises buying Cipla.
According to Vishal Malkan of malkansview.com, one may pick Ashok Leyland and advices holding SAIL.
According to Ambareesh Baliga, Market Expert Tata Steel, Nalco, Hindalco Industries and Steel Authority of India are the top four stocks in the metal space.
The Directorate General (DG) of Safeguards attached to Indian Finance Ministry has recommended a provisional 20 percent safeguard duty for a period of 200 days on the common variety of hot rolled coil.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - Idea Cellular, Bharti Airtel, Hindustan Zinc, ABG Shipyard, Indiabulls Housing Finance, Vedanta, Steel Authority of India (SAIL), Tata Steel, Navkar Corp, IL&FS Transportation Networks Limited (ITNL).
Ashish Kyal of wavesstrategy.com recommends buying Amara Raja Batteries and advises selling Steel Authority of India and Jaiprakash Associates.
Sudarshan Sukhani of s2analytics.com is of the view that Tata Steel and Hindalco Industries are shorting ideas as there is more downside in the stocks.
Manas Jaiswal of manasjaiswal.com recommends shorting Steel Authority of India as the stock can test Rs 52.
Shahina Mukadam, Market Expert recommends buying Godrej Industries with a target of Rs 420 and NIIT Tech for a target of Rs 555.
Ashish Kyal of waves-strategy.com recommends selling Steel Authority of India for a target of Rs 55.