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
While maintaining reduce call on the stock and raising target to Rs 2,020 (from Rs 1,900), Kotak Institutional Equities cut its revenue growth forecast marginally, but raised EBIT margin forecast by 20-30 bps.
Sudarshan Sukhani of s2analytics.com recommends buying Larsen & Toubro with stop loss of Rs 1315 and target of Rs 1367 and TCS with stop loss of Rs 2150 and target of Rs 2275.
Sudarshan Sukhani of s2analytics.com recommends buying HCL Tech with stop loss at Rs 542 and target of Rs 585 and ICICI Prudential Life Insurance with stop loss at Rs 487 and target of Rs 515.
Prakash Gaba of prakashgaba.com advises buying DLF with a stop loss of Rs 220 and target of Rs 240.
Sudarshan Sukhani of s2analytics.com recommends selling IDFC First Bank with stop loss at Rs 45 and target of Rs 41 and UPL with stop loss at Rs 570 and target of Rs 548.
Prakash Gaba of prakashgaba.com recommends buying Cadila Healthcare with target at Rs 270 and stop loss at Rs 260 and Kotak Mahindra Bank with target at Rs 1675 and stop loss at Rs 1640.
Ashwani Gujral of ashwanigujral.com recommends buying Bata India with a stop loss of Rs 1670, target of Rs 1720 and Kotak Mahindra Bank with a stop loss of Rs 1630, target of Rs 1675.
Sudarshan Sukhani of s2analytics.com recommends buying Exide Industries with stop loss at Rs 188 and target of Rs 201, HDFC with stop loss at Rs 2150 and target of Rs 2400 and Jindal Steel & Power with stop loss at Rs 141 and target of Rs 152.
Mitessh Thakkar of mitesshthakkar.com recommends selling Hero MotoCorp with a stoploss of Rs 2,620 and target of Rs 2,530-2,589.10 and advises buying Reliance Industries with a stoploss of Rs 1,458 and target of Rs 1,500-1,472.30.
Ashwani Gujral of ashwanigujral.com advises buying HDFC Life with stop loss at Rs 625 and target of Rs 650.
Romesh Tiwari of CapitalAim feels IT majors like Infosys and TCS are robust and can provide comparatively-secured returns while returns on midcap IT will be more volatile
Sectors with positive outlooks are real estate, small appliances and branded apparel, while outlook on autos, select staples and global commodities is more cautious.
We expect growth momentum to continue in FY20, given deal wins of USD 6.2 billion in Q4-FY19, says Anand Rathi.
Here are 10 stocks where brokerages initiated coverage in August with a buy rating:
The golden rule of investment is to pour money in stocks that are trading at attractive levels compared to their intrinsic value, thus allowing investors to create wealth over a period of time
We expect growth momentum to continue in FY20, given deal wins of USD 6.2 billion in Q4-FY19.
Sudarshan Sukhani of s2analytics.com recommends buying Mindtree with stop loss of Rs 702 and target of Rs 725 and Pidilite Industries with stop loss at Rs 1215 and target of Rs 1255.
Mitessh Thakkar of mitesshthakkar.com recommends buying ICICI Bank with a stop loss of Rs 424 and target of Rs 440 and Pidilite Industries with a stop loss of Rs 1224 and target of Rs 1270.
We expect growth momentum to continue in FY20, given deal wins of USD 6.2bn in Q4-FY19.
Mitessh Thakkar of mitesshthakkar.com recommends buying Asian Paints with a stop loss of Rs 1386 and target of Rs 1440 and Zee Entertainment above Rs 368 with stop loss of Rs 363 and target of Rs 382.
We expect growth momentum to continue in FY20, given deal wins of USD 6.2 billion in Q4-FY19.
We expect growth momentum to continue in FY20, given deal wins of USD 6.2 billion in Q4-FY19.
In case of banks, Morgan Stanley believes asset quality and loan growth are expected to be strong which will drive their earnings going ahead, especially after facing problem on asset quality front for past several quarters.
Strengthening Indian Rupee again acts as a constraint for IT companies. Looking at the technical structure, seems that INR could appreciate till 68.9 and 68.2 in the coming days
We expect growth momentum to continue in FY20, given deal wins of USD 6.2bn in Q4-FY19, up from USD 5.9bn in Q3-FY19, and net hiring of 29,287 in FY19 vs 7,775 in FY18.