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
Traders should expect stock-specific action in the upcoming sessions rather than any sharp upside in the benchmark index
Given the expected strong momentum, experts advise top 14 stock picks that are available at attractive valuations now
On the daily charts, Nifty could not sustain above its 20-day SMA and it has formed lower top lower bottom price formation which indicates the short-term bearish trend is intact.
The numbers of these large-cap IT players came on the better side of expectations and the outlook for the sector looks positive.
Goldman Sachs has a 'buy' on Infosys, Mindtree, TCS, Tech Mahindra & Mphasis. It has a 'sell' on Wipro and a 'neutral' on HCL Tech and L&T Infotech.
Brokerage firm Credit Suisse says a pick-up in Accenture’s revenue growth and strong bookings augur well for the demand environment.
Experts advised investors to tender their shares in the buyback offer if they want to hold for less than one year period given the good price offered by the company.
Prabhudas Lilladher believes that current uncertainty is a passing phase and return to normalcy will result in several beaten down segments bouncing back strongly from FY22.
As the September quarter earnings bouyed market sentiment and increased hope for strong earnings growth in coming years, brokerages upgraded majority of quality stocks in current month.
Vineeta Sharma, Head of Research at Narnolia Financial Advisors said the robust results posted by IT companies were ahead of their estimates given the increased demand for digital services in the times of COVID-19.
As the COVID-19 pandemic has driven an increased focus on digital transformation, tech spending is expected to hold up better as customers invest to ensure business continuity and seamless operations.
The probability of Nifty sliding below 10,820–10,770 is quite high to test the next cluster of supports around 10,600–10,450.
Technical setup and derivative data suggest that selling pressure may persist as far Nifty is trading below 11,400.
The Nifty IT index jumped 27 percent year-to-date and 77 percent from March 23's low point, while Pharma index was up 46 percent and 82 percent in same periods.
IT and pharma are preferred themes by experts after June quarter earnings
To put things into perspective, we can expect the prices to trade in a range of 10,900 to 11,399 with a positive bias in the coming days.
Infosys posted an 11.5 percent YoY growth in net profit at Rs 4,233 crore while Wipro posted a flat 0.11 percent YoY growth in net profit at Rs 2,390.40 crore.
Experts upbeat on Tata Consultancy Services and Infosys, though the lockdown and its effect on sectors like hospitality, travel and retail will have an impact on their earnings in the short to medium term.
While the banks and NBFCs have been dominating the benchmark indices, market experts say emerging sectors such as pharma are gearing up to take the front seat.
Mitessh Thakkar of mitesshthakkar.com recommends buying Apollo Hospitals with a stop loss of Rs 1,174, target at Rs 1,235 and CESC with a stop loss of Rs 412, target at Rs 450.
Ashwani Gujral of ashwanigujral.com recommends selling Kotak Mahindra Bank with a stop loss of Rs 1,200, target at Rs 1,080 and Tata Consultancy Services with a stop loss of Rs 1,730, target at Rs 1,660.
The volatility index India VIX fell for the third consecutive session and it ended near 71 levels; now it has to fall below 50 levels to give comfort to the bulls.
Mitesh Thakkar of miteshthakkar.com recommends selling Bharat Forge with a stop loss of Rs 376 for target of Rs 350 and Britannia Industries with a stop loss of Rs 2840 for target of Rs 2720.
Mitesh Thakkar of miteshthakkar.com recommends selling Coal India with a stop loss of Rs 162 for target of Rs 150 and Tata Motors with a stop loss of Rs 109 for target of Rs 100.
Ashwani Gujral of ashwanigujral.com recommends selling Tata Consultancy Services with a stop loss of Rs 2050, target of Rs 1900 and NIIT Tech with a stop loss of Rs 1710, target of Rs 1650