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
Sun Pharma, Tech Mahindra, and Indian Hotels, among others are being tracked by investors today.
Vijay Chopra of enochventures.com is of the view that one may stay away from pharma space.
In an interview to CNBC-TV18's Surabhi Upadhyay and Reema Tendulkar, SP Tulsian shared his outlook and readings on the fundamentals of the market and specific stocks.
Mitessh Thakkar of miteshthacker.com suggests buying IndusInd Bank and advises selling Hindalco Industries below Rs 186.
Individual news flow along with negative outlook for the sector by Credit Suisse hit the sector. Frontline stocks tank, pulling down the markets further.
Mitessh Thakkar of miteshthacker.com recommends selling Indian Oil Corporation, ONGC and Sun Pharma.
Ashwani Gujral, ashwanigujral.com is of the view that one can sell Ceat and Sun Pharmaceutical Industries and buy Kotak Mahindra Bank.
According to Prakash Gaba of prakashgaba.com, Nifty has support at 9350 and resistance at 9500 while Bank Nifty has support at 22400 and resistance at 22800.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Tata Motors and Vedanta and can buy Bajaj Finance.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Shree Cements and sell Sun Pharma while one can stay away from Lupin.
Ashwani Gujral of ashwanigujral.com suggests buying NTPC and sell Sun Pharmaceutical Industries and ITC.
Rajat Bose of rajatkbose.com advises exiting Glenmark Pharma.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy M&M Financial Services and Sun Pharmaceutical Industries and can sell Tata Motors while VRL Logistics is an avoid.
Vijay Chopra of enochventures.com is of the view that one may prefer Sun Pharmaceutical Industries.
Jay Thakkar of Anand Rathi Securities is of the view that one may buy Alembic with a target of Rs 48.70.
Ashwani Gujral of ashwanigujral.com suggests buying Can Fin Homes and HDFC Bank and sell Sun Pharmaceutical Industries.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Reliance Infra, Sun Pharma and Dish TV and advises buying Bharti Infratel and JM Financial.
Vijay Chopra of enochventures.com advises selling Orchid Pharma.
Mitessh Thakkar of miteshthacker.com suggests selling Aurobindo Pharma and Sun Pharma.
Voltas, Navneet Education and Kotak Mahindra Bank are on the watch list of analysts. Meanwhile, insurance, pharma and autos are also in focus.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Britannia Industries and Magma Fincorp and advises selling Sun Pharma.
Ashwani Gujral of ashwanigujral.com suggests selling Sun Pharmaceutical Industries and Hindustan Unilever and advises buying Biocon.
Shahina Mukadam, Independent Market Expert is of the view that one may stay invested in Sun Pharmaceuticals.
Sandeep Wagle of powermywealth.com is of the view that one may buy Sun Pharmaceutical.