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 the current week, selling pressure was intensified on the breach of lower band of the broader consolidation range of 10300.
Sudarshan Sukhani of s2analytics.com is of the view that one can short Bharti Airtel, Godfrey Phillips and HPCL and can buy Indraprastha Gas and Sun TV Network.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Voltas, Tata Consultancy Services, Sun Pharmaceutical Industries, NMDC, DLF, KPIT Technologies and Hexaware Tech and can short UltraTech Cement and Tata Motors.
Mitessh Thakkar of miteshthacker.com recommends buying Hexaware Technologies with a stop loss of Rs 346.50 and target of Rs 366 and advises selling Hindalco Industries around Rs 232-233 with stop loss of Rs 240 and target of Rs 220.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Reliance Industries and Tata Steel and can buy Whirlpool.
The colour red is a synonym for a fall or correction. We have seen nearly 6 percent fall in the benchmark indices and doubled digit cuts in many stocks from small and midcap space.
Chandan Taparia of Motilal Oswal Securities is of the view that one can buy Indiabulls Housing Finance and Hexaware Tech and can sell Havells India.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Mindtree and Pidilite Industries and can sell UPL, Tata Steel and Tata Motors.
Companies which rose between 40-100% include names like Tata Steel, Voltas, Tata Sponge, Tata Metaliks, Tata Global Beverages, Oriental Hotels, and Titan Company.
Yogesh Mehta of Motilal Oswal is of the view that one can buy TCS and Hexaware Tech and can sell IndusInd Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Infosys, Bata India and TCS and can sell DHFL and LIC Housing Finance.
It would be advisable to initiate fresh shorts only below 10300 in the Nifty. Resistance for the same would remain in the range of 10600-10640.
As many as 20-30 bluechip names are trading almost 50 percent discount to their 5 year average of price to earnings multiple and can be considered attractive for investment purpose.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Tata Chemicals, Can Fin Homes and BPCL and can buy Tata Consultancy Services.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy HDFC Bank, TCS, NIIT Tech, ICICI Bank and Kotak Mahindra Bank and can sell Tata Global Beverage.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy NIIT Technologies and Tata Consultancy Services and can sell Jubilant Foodworks.
Ashwani Gujral of ashwanigujral.com is of the view that NIIT Technologies may move to Rs 1400-1500.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Infosys, TCS, Mphasis, Polaris, Tata Elxsi and Mindtree and can sell Bharti Airtel.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Godrej Consumer Products, Kotak Mahindra Bank, Wockhardt and Jubilant Lifesciences and can hold TCS and Adani Power.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Axis Bank, Dr Reddy's Labs, TCS and Wockhardt and can exit MMTC.
VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities is of the view that one can buy Sun Pharmaceutical Industries, TCS, UltraTech Cement and Bajaj Finance.
The liquidity drive which pushed benchmark indices to record highs also pushed many stocks especially in the small and midcap space to valuations beyond their historic averages.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Tata Consultancy Services.
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.