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
In an interview to CNBC-TV18, Ravi Menon, Analyst-IT Services at Elara shared his views and readings on Infosys Q3 numbers.
TCS, IndusInd Bank and MAS Financial Services, among others, are being tracked by investors on Friday.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Chemicals, CG Power and SREI Infra.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Adani Ports, Colgate Palmolive and Indiabulls Housing Finance and can hold L&T Infotech and TCS.
The domestic brokerage firm expects 1.2 percent QoQ growth on CC basis and cross-currency tailwinds of around 10bps. Soft revenue growth is expected due to furloughs and soft traction in BFS in North America.
Mitessh Thakkar of miteshthacker.com recommends buying TCS and Container Corporation of India.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell UPL and Apollo Tyres and can buy Tata Consultancy Services.
IDFC has also initiated coverage with Outperformer call on Tech Mahindra and Mindtree, and set a target price at Rs 610 and Rs 650, respectively.
According to Ashwani Gujral of ashwanigujral.com, one may buy TCS, Asian Paints and TVS Motor.
Sudarshan Sukhani of s2analytics.com is of the view that one may hold 63 Moons Technologies.
Chandan Taparia of Motilal Oswal Securities advises buying TCS, Bharat Electronics and Shriram Transport Finance.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Asian Paints and Axis Bank.
Chandan Taparia of Motilal Oswal Securities recommends buying Tata Steel, Bajaj Finance and Tata Consultancy Services.
The brokerage house expects the firm’s overall FY18 growth to remain subdued.
Vijay Chopra of enochventures.com is of the view that one may exit Infosys.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy HDFC Bank, Natco Pharma, Hindalco Industries and Axis Bank and can sell TCS.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy HPCL, Sun TV Network, Tata Consultancy Services and Bata India and can sell Canara Bank.
Mitessh Thakkar of miteshthacker.com advises buying Aurobindo Pharma with a target of Rs 710.
Mitessh Thakkar of miteshthacker.com recommends to accumulate NCC on the long side.
New CEO (for Infosys) will take some amount of transition time to go through. There could be a change in vision. We have to wait and watch as to how the new strategy by the new CEO is executed in the medium-term to long-term, Karan Taurani of Dolat Capital said.
Prakash Diwan of Altamount Capital Management is of the view that one may prefer TCS, Sonata Software and Tech Mahindra.
Mitessh Thakkar 0f mitesshthakkar.com is of the view that one may buy Bharat Financial and Godrej Consumer.
According to Sudarshan Sukhani of s2analytics.com, one may buy State Bank of India, ICICI Bank and Larsen and Toubro.
The global investment bank remains Overweight (OW) on auto parts and two-wheelers (2Ws) such as Eicher Motors.
Prakash Gaba of prakashgaba.com feels that Tata Consultancy Services can climb to around Rs 2800.