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
Prakash Gaba of prakashgaba.com advises buying ACC with a target at Rs 1400.
Here is a list of top three stocks which could give up to 15% return in short term.
Vinay Rajani, Technical Analyst, PCG Desk at HDFC Securities recommends buying Thomas Cook with target at Rs 325 and stop loss at Rs 260 and a buy also on NRB Bearing with target at Rs 195 and stop loss at Rs 168.
In an interview to CNBC-TV18, Mehraboon J Irani of Gini Gems Consultants shared his readings and outlook on the market, specific stocks and sectors.
The immediate resistance on the upside is placed in the range of 11,200-11,250, and a sustained trade above 11,250 can take it to levels of 11,390.
Mitessh Thakkar of miteshthacker.com recommends selling HDFC Bank below Rs 1790 with stop loss of Rs 1806 for target of Rs 1755 and a sell on Marico with a stop loss of Rs 305 for target of Rs 285. He has a buy on V-Guard Industries with a stop loss of Rs 220 for target of Rs 250.
According to Technical Analyst Prakash Gaba of prakashgaba.com, if the index drifts down then it can slide to its next logical target of 10089 and 9994. The crucial support for the Nifty is at 10184-10089-9994 and the resistance is at 10270.
Mitessh Thakkar of miteshthacker.com advises buying Take Solutions, Just Dial, Aurobindo Pharma and Tata Power.
Shahina Mukadam, Independent Market Expert is of the view that one may buy Sona Koyo Steering Systems with a target of Rs 125.
Sameet Chavan of Angel Broking is of the view that one may buy Punjab National Bank with a target of Rs 155.
Shahina Mukadam, Independent Market Expert is of the view that one may buy Exide Industries with a target of Rs 150.
Kunal Bothra, Head of Advisory at LKP recommends buying Cipla, Take Solutions and Ipca Laboratories.
Rakesh Bansal of RK Global suggests buying Balaji Telefilms with a target of Rs 95.