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
Sudip Bandopadhyay, Market Expert recommends buying Infosys and Persistent Systems.
According to Ashwani Gujral of ashwanigujral.com, one can sell Zee Entertainment and Bata India and buy Gujarat Narmada Valley Fertilizers & Chemicals.
Ashwani Gujral of ashwanigujral.com recommends buying Petronet LNG and Bharat Financial Inclusion and sell Jet Airways and Axis Bank.
In an interview to Latha Venkatesh, Sonia Shenoy and Anuj Singhal on CNBC-TV18, Deven Choksey of KRChoksey Investment Managers shared his reading and outlook on market and specific stocks.
Citi has a sell rating on TCS and slashed target price to Rs 2155 per share from Rs 2315 per share. It has also lowered FY17/18 EPS estimate by 1/2 percent. It says demand outlook remains challenged with multiple headwinds.
Rajat Bose of rajatkbose.com feels that Tata Consultancy Services may test Rs 2100.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy PC Jeweller, Bata India and JSW Steel and sell LIC Housing.
Sudip Bandopadhyay, Market Expert is of the view that buying Infosys and TCS is a good idea at the current level.
Gaurang Shah of Geojit BNP Paribas is of the view that one may prefer Infosys, TCS, HCL Tech and Tech Mahindra.
Sandeep Wagle of powermywealth.com recommends buying Apollo Tyres and UltraTech Cement and sell TCS.
Preferred play is HCL Technologies where there appear to be signs of RoE bottoming, she says, adding the brokerage house has an outperform rating on HCL Technologies.
Morgan Stanley is overweight on Prestige Estates with a target price of Rs 245 as its project execution drives near-term growth.
With retaining neutral rating on Jubilant, Goldman Sachs has lowered its FY17-19 EPS (earnings per share) 17-22 percent to reflect lower same-store-sales growth (SSSG) assumptions. As a result, it also lowered 12-month blended target price to Rs 996 (from Rs 1,100).
Abhay Laijawala, Head - India Research at Deutsche Equities is of the view that IT sector biggest underweight and the risks still remain with it.
Things are not rosy for the IT sector and analysts warn that pain is going to linger. Stating that 9 of 11 companies have moderated growth outlook, Nomura says demand slowdown is broad-based and distributed across verticals, with concerns related to macro, uncertainty due to Brexit and discretionary pullbacks being commonly cited.
Here are a few stocks picked up by CNBC-TV18's analysts to keep on your radar for trade today -- stocks expected to gain are HUL, Cox & Kings, Motherson Sumi, Reliance Communication, Bharti Infratel, IDBI Bank, Crompton Consumer, Cairn, Eros International while stocks expected to be under pressure are Yes Bank, TCS, SAIL, JSPL, Puravankara.
Citi has a sell rating on TCS with a target at Rs 2447 per share on premium valuations in the sector context.
While Market Expert Sudip Bandopadhyay believes problems TCS is facing in the US market will be a 'thing of the past' once elections are over, Deepak Shenoy believes the whole IT sector has taken a beating due to the advent of new technologies.
Ashwani Gujral of ashwanigujral.com recommends buying Siemens and Tata Chemicals and advises selling Tech Mahindra and TCS.
In an interview to Latha Venkatesh and Anuj Singhal on CNBC-TV18, Mehraboon Irani of Nirmal Bang Securities spoke about the current market trends and specific stocks and sectors.
Ashwani Gujral of ashwanigujral.com recommends selling Strides Shasun and Larsen & Toubro.
SP Tulsian of sptulsian.com tells CNBC-TV18 why he is positive on only select information technology stocks and why his take on Trident as trouble brewing for its competitor Welspun might mean more business for the company.
Credit Suisse maintains underperform rating on Idea with target price at Rs 80 per share. It feels merger with Vodafone merger will not be an easy one as both companies are highly leveraged. It adds that any potential merger will have to wait for auction to complete.
Ashwani Gujral of ashwanigujral.com recommends buying Lloyd Electric and Engineering and Jain Irrigation Systems and advises selling Tata Consultancy Services.
Sudarshan Sukhani of s2analytics.com recommends buying Sun TV but feels that one can avoid Idea Cellular and Bharti Infratel.