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
Sandeep Wagle of powermywealth.com recommends buying Manappuram Finance and Strides Shasun.
Moneycontrol analysed pharma stocks with a market cap of over Rs 1,000 crore. In order to find out if there are any scrips available at a reasonable valuation, we used five-year average price-to-earnings as a filter
The stocks include Hindalco Industries, CESC, TVS Motor Company and Strides Shasun which were come out with their June quarter earnings, which were mix bagged but broking house Motilal Oswal is expecting up to 50 percent return from these companies.
Sandeep Wagle of powermywealth.com recommends buying Havells India and Vedanta.
Jay Thakkar of Anand Rathi Securities advises buying Kajaria Ceramics with a and target of Rs 706.
There has been aggressive put writing in near strikes with 9900 strike holds the maximum put open interest indicating strong support zone.
According to Prakash Gaba of prakashgaba.com, the next logical technical target for the Nifty is at 9969. The crucial support for the Index is at 9792-9720 and the resistance is at 9969 while Bank Nifty has support at 24100 and resistance at 24300-24400.
Ashish Kyal of Waves Strategy Advisors is of the view that oen may buy Bajaj Finserv with a target of Rs 5190.
Vishvesh Chauhan of Monarch Networth Capital advises buying Capital First with a target of Rs 790.
GAIL, Reliance and Reliance, among others, are being tracked by investors' radar.
Prakash Gaba of prakashgaba.com is of the view that Nifty has support at 9430-9400 and resistance at 9600 while Bank Nifty has support at 22800 and resistance at 23400.
Mitessh Thakkar of mitesshthakkar.com suggests selling Aurobindo Pharma and feels that Strides Shasun may slip 5-6 percent.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy SREI Infrastructure Finance, Escorts and Indiabulls Real Estate and can sell Biocon and Strides Shasun.
Mitessh Thakkar of mitesshthakkar.com advises buying Power Grid Corporation.
Sudarshan Sukhani of s2analytics.com suggests buying Reliance Capital, Jubilant Foodworks and Sun TV and advises selling Strides Shasun and Idea Cellular.
Mitessh Thakkar of miteshthacker.com suggests buying ICICI Bank, PTC India, Greaves Cotton and Kalpataru Power and advises selling Strides Shasun.
Mitessh Thakkar of miteshthacker.com recommends selling Strides Shasun and Aurobindo Pharma.
Sudarshan Sukhani of s2analytics.com suggests buying Century Textiles and Industries and DHFL and advises selling Strides Shasun, Tata Comm and Amara Raja Batteries.
Prakash Gaba of prakashgaba.com is of the view that Oil India can climb to Rs 343 while Strides Shasun may hit Rs 1185.
Sandeep Wagle of powermywealth.com recommends buying Sintex Industries and Strides Shasun.
In an interview to CNBC-TV18, Dipan Mehta, Member of BSE & NSE shared his readings and outlook on specific stocks and sector.
Kunj Bansal of Centrum Wealth Management is of the view that Strides Shasun from the pharma space offers a very good buying opportunity with returm on equity likely to move to 20 percent.
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy and Anuj Singhal, Prakash Diwan of Altamount Capital Management shared his reading and outlook on the market and also gave recommendations on various stocks.
Morgan Stanley is underweight on the stock, with a target price at Rs 1,372. Key positive surprise was better-than-expected realisation but better realisation was offset by higher per tonne cost, the research firm says.