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
With China cutting capacity and a material surge in Chinese exports unlikely, broking house expect domestic prices to remain firm, closer towards a floor price of USD 489/t.
Input costs were a key driver of steel prices, while iron ore prices should remain under pressure given weak fundamentals, according to Jefferies report.
Amit Gupta of ICICIdirect is of the view that one may buy Tata Global Beverage, Tata Steel and Castrol India.
Mitessh Thakkar of mitesshthakkar.com advises buying Balkrishna Industries and Dabur India.
Sudarshan Sukhani of s2analytics.com advises buying Hindalco Industries.
Chandan Taparia of Motilal Oswal Securities advises buying Petronet LNG and ITC.
Ashwani Gujral of ashwanigujral.com advises buying Motherson Sumi, Sundram Fasteners, Balkrishna Industries, NBCC and Tata Steel.
Rakesh Bansal of RK Global is of the view that one may buy NHPC with a target of Rs 35.
Mayuresh Joshi of Angel Broking is of the view that one may buy Hindalco Industries on dips.
Mitessh Thakkar of mitesshthakkar.com suggests buying Tata Elxsi and Tata Steel.
Sandeep Wagle of powermywealth.com suggests buying Tata Steel and Tata Elxsi.
Ashwani Gujral of ashwanigujral.com advises buying Tata Steel, Simplex Infra and Adani Port.
Ashwani Gujral of ashwanigujral.com is of the view that one may hold Tata Steel.
Motherson Sumi, Asian Paints and Cadila Healthcare, among others are on investors’ radar.
Some quality names in IT and pharma are available at appealing valuations which are attracting smart money into these stocks.
Ashwani Gujral of ashwanigujral.com recommends buying Can Fin Homes, Piramal Enterprises, Tata Communications, Tata Steel and Century Ply.
Prakash Gaba of prakashgaba.com is of the view that technically, the trend is still up and has not been compromised though it is stretched and so un-stretching is not ruled out. He feels that and the crucial support to watch still is 9580 and the resistance is at 9724.
Pankaj Jain of SW Capital is of the view that Tata Steel looks strong for target price of Rs 560 in next couple of months.
Mitessh Thakkar of miteshthacker.com recommends buying ICICI Prudential and Tata Steel.
CLSA said a confluence of positive factors should drive a rerating of Indian steel stocks.
Ashwani Gujral of ashwanigujral.comis of the view that one may buy Tata Steel and sell GAIL India and ONGC.
Mitessh Thakkar of miteshthacker.com suggests buying Bharat Forge, NHPC and Caplin Point and has a sell on Ramco Cement below Rs 670.
Tata Motors, Tata Steel, HDFC Bank and Infosys, among others are on the radar of investors on Thursday
Prakash Gaba of prakashgaba.com is of the view that Nifty has support at 9590 and resistance at 9713 while Bank Nifty has support at 23300 and resistance at 23600.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Tata Steel and HDIL and buy Balrampur Chini.