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
Chandan Taparia of Anand Rathi Securities is of the view that one can buy Hindustan Unilever, Container Corporation of India and Ambuja Cements and sell Tata Consultancy Services.
According to Sandeep Wagle of powermywealth.com, one can buy Cadila Healthcare and Hindustan Unilever and sell Tata Consultancy Services.
In an interview to CNBC-TV18 SP Tulsian of sptulsian.com shared his reading and outlook on the market.
According to Chandan Taparia, Derivative & Technical Analyst at Anand Rathi Securities, one can sell Tata Consultancy Services for target of Rs 2400.
Rajat Bose of rajatkbose.com is of the view that one can buy Tata Consultancy Services, Snowman Logistics and Colgate Palmolive and advises shorting Bosch.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Biocon and Bajaj Finance and sell Tata Consultancy Services.
On Friday, the day of Brexit referendum results, the benchmark Sensex lost nearly 1,100 points intra-day before closing 604.51 points lower. Investors' wealth in stock market took a hit of nearly Rs 1.8 lakh crore on that day.
Sandeep Wagle of powermywealth.com recommends buying Aditya Birla Nuvo and Exide Industries and advises selling Tata Consultancy Services.
The UK accounts for 9-15 percent of revenues for Indian IT firms, with the highest exposure at TCS and the lowest at Infosys. IT stocks are reeling under pressure on Monday with TCS, Infosys, HCL Tech and Tech Mahindra losing around 1 percent each.
Ashwani Gujral of ashwanigujral.com recommends selling Tata Consultancy Services and advises buying YES Bank and Sun Pharmaceutical Industries.
Bank of America Merrill Lynch feels that Brexit may create recession risks that could hurt IT demand further hurting 10-14 percent revenue growth for the UK businesses of the Indian IT companies in FY17.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Hero MotoCorp, Tech Mahindra and Tata Consultancy Services and feels that Coromandel International may hit Rs 320.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Reliance Industries, Tata Consultancy Services and ACC.
Ashwani Gujral of ashwanigujral.com recommends buying M&M Financial Services, YES Bank, UPL and Larsen & Toubro and has a positive view on DLF.
Prakash Gaba of prakashgaba.com is of the view that Tata Consultancy Services may test Rs 2660 while Cadila Healthcare may hit Rs 306.
According to Ashwani Gujral of ashwanigujral.com, one can buy Tata Consultancy Services, Indiabulls Real Estate and ITC.
Chandan Taparia of Anand Rathi Securities is of the view that one can buy DHFL, Hindustan Petroleum Corporation and Hindalco Industries and sell TCS.
According to CA Rudramurthy BV of Vachana Investments, one can sell Tata Consultancy Services for target of Rs 2560.
Prakash Gaba of prakashgaba.com is of the view that one may go long in YES Bank and suggests selling Tata Consultancy Services.
Prakash Gaba of prakashgaba.com is of the view that TCS may test Rs 2680, Dr Reddy's Labs may hit Rs 3240 while Titan Company may head to Rs 390.
Gaurav Bissa of LKP Securities is of the view that one may buy L&T Finance Holdings with a target of Rs 85.
Sudarshan Sukhani of s2analytics.com recommends buying Hero MotoCorp and Infosys and advises selling Bharat Forge.
Ashwani Gujral of ashwanigujral.com recommends buying CONCOR, TCS and Siemens.
Sudarshan Sukhani of s2analytics.com recommends buying SBI, TCS and NMDC and feels that Zee Entertainment will outperform.
Sudarshan Sukhani of s2analytics.com recommends buying Larsen & Toubro, TCS, Axis Bank and Dabur India.