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
VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities suggests buying Tata Global Beverage, Hero MotoCorp, Adani Ports, Dr Reddy's Laboratories and Jain Irrigation Systems.
Mitessh Thakkar of mitesshthakkar.com recommends a buy on Aurobindo Pharma above Rs 772 with stop loss of Rs 755 for target of Rs 810 and a buy on MRF with a stop loss of Rs 63,600 for target of Rs 67,000.
According to Technical Analyst Prakash Gaba of prakashgaba.com, the crucial support for the Nifty is at 10240-10180 and the resistance is at 10385-10486. Bank Nifty on the other hand has support at 24667 and resistance at 25000.
Ashwani Gujral of ashwanigujral.com suggests buying United Spirits, UPL and Tata Global Beverage.
In an interview to CNBC-TV18's Surabhi Upadhyay and Prashant Nair, Harsha Upadhyaya of Kotak Mutual Fund and Ashwani Gujral of ashwanigujral.com shared their ideas on the market and specific stocks.
Mitessh Thakkar of mitesshthakkar.com suggests buying Tata Motors and Tata Global Beverage.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Rural Electrification Corporation, Tata Global Beverage and Mahanagar Gas.
Mitessh Thakkar of mitesshthakkar.com has recommends a buy on Mangalore Refinery and Petrochemicals which has a positive candlestick pattern with a stop loss of Rs 131 for target of Rs 140 while Ashwani Gujral of ashwanigujral.com has a buy on Maruti Suzuki with a stop loss of Rs 8000, target of Rs 8250.
Nirmal Bang Retail Research has picked top stocks for Diwali 2017 including Control Print, Minda Corp, Rane Brake, S Chand and Company, Shemaroo Entertainment Ltd and Tata Global Beverage as its top Diwali picks.
Below is our latest offering: 12 conviction picks that could fetch you strong returns if held from this Diwali to the next, along with the rationale for our choices. The list is in alphabetical order.
Asain Paints, CESC, Vedanta, Gail India and Tata Global Beverages could give up to 12% return in short-term.
Ashwani Gujral of ashwanigujral.com suggests buying Tata Global Beverage, UPL and Future Consumer.
According to Ashwani Gujral of ashwanigujral.com, one may pick Tata Global Beverage.
Manoj Murlidharan of Religare Securities advises buying Tata Global Beverage and Power Grid.
Sameet Chavan of Angel Broking is of the view that one may sell Godrej Industries with a target of Rs 542.
Ashwani Gujral of ashwanigujral.com advises buying Tata Global Beverage at around Rs 180-200.
Ashwani Gujral of ashwanigujral.com feels that Tata Global Beverage may test Rs 250.
Mitessh Thakkar of mitesshthakkar.com advises selling Ceat and Godfrey Phillips.
Traders might not like the current volatility in the market but for long-term investors, it is a golden opportunity to buy into quality stocks for a minimum holding period of 1 year.
Mitessh Thakkar of mitesshthakkar.com suggest buying Tata Global Beverage.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Sobha and Ujjivan Financial Services and sell Coal India.
The RSI at 62 indicates a favorable buying regime coupled with continued uptrend momentum depicted by MACD at 52 above its Signal Line. Based on Fibonacci retracement a major support will be seen at 9807 and resistance level will be at 10137.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy NMDC and hold Adani Ports and Special Economic Zone while can sell PVR and Ajanta Pharma and avoid Lupin.
Dr Reddy’s Labs, Tata Global and Coal India, among others, are on the radar of analysts on Monday.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Tata Global Beverage and sell State Bank of India and ICICI Bank.