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
Ashwani Gujral of ashwanigujral.com recommends buying ICICI Bank with a stop loss of Rs 315, target of Rs 332, Reliance Industries with a stop loss of Rs 1200, target of Rs 1265 and Ajanta Pharma with a stop loss of Rs 1170, target of Rs 1225.
Rajesh Agarwal of AUM Capital recommends buying Axis Bank with stop loss at Rs 558 and target of Rs 585, BEML with stop loss at Rs 880 and target of Rs 918 and Chennai Petroleum Corporation with stop loss at Rs 303 and target of Rs 334.
Among sectors, we continue to remain positive on pharma, auto and metals from current levels and the recent correction in two-wheeler stocks offers a good opportunity to accumulate
Traders can buy the stock in the range of Rs 393-397 with a stop loss below Rs 360 for a target of Rs 450, says Abhishek Mondal of Guiness Securities.
"The company’s market share in Q3FY18 quarter was 33 percent, which is up 6 percent points compared to what it reported last quarter," Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Bharti Airtel and can buy Pidilite Industries and Strides Shasun.
Sudarshan Sukhani of s2analytics.com is of the view that one may sell Cummins, Arvind, Capital First and Equitas Holdings.
"Till Nifty holds 10,350 levels decisively, bounce back from lower levels cannot be ruled out and on higher end stiff hurdle seen around 10,490 mark," says Rajesh Agarwal of AUM Capital.
Century Ply, Wipro and FMCG space, among others, are being tracked by investors on Thursday.
Ashwani Gujral of ashwanigujral.com recommends buying Tech Mahindra with a stop loss of Rs 588, target of Rs 620, a buy on NIIT Tech with a stop loss of Rs 788, target of Rs 825 while a sell call on Century Textiles with a stop loss of Rs 1190, target of Rs 1130.
Shahina Mukadam, Independent Market Expert is of the view that one may remain invested in Strides Shasun.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Reliance Industries, Torrent Power and Strides Shasun and can sell Union Bank of India.
Sharmila Joshi of sharmilajoshi.com is of the view that one may stay invested in Strides Shasun.
According to Rajat Bose of rajatkbose.com, one may hold Strides Shasun.
Vishal Malkan of malkansview.com recommends buying L&T Finance Holdings with a stoploss at Rs 165 and target of Rs 185 and a buy also on Tata Motors DVR with a stoploss at Rs 225 and target of Rs 245.
United Spirits and Apollo Hospitals, among other, are being tracked by investors on Monday.
IndiGo, JSW Steel, Dr Reddy’ and Info Edge, among others are on the radar of investors on Wednesday.
Federal Bank, Colgate and Prime Focus, among others, are being tracked by investors on Tuesday.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Strides Shasun, Siemens and Jet Airways and can buy HCL Technologies and Britannia Industries.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Sun Pharma and Escorts and can sell Indiabulls Real Estate, United Spirits and Strides Shasun.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy GAIL India, Hindustan Zinc and Mindtree and can sell Pidilite Industries and Strides Shasun.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Bharti Infratel and sell Strides Shasun.
According to Prakash Gaba of prakashgaba.com, we are back into consolidation as expected with crucial support for the Index at 10028-9996 and the resistance at 10138-10150. On the other hand, Bank Nifty has support at 24800 and resistance at 25100.
Mitessh Thakkar of miteshhthakkar.com is of the view that one can buy Asian Paints, Petronet LNG and Tech Mahindra and sell Torrent Pharma.