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
Credit Suisse has an Outperform rating for Tata Steel with target price at Rs 830 per share and JSW Steel with target at Rs 300, but has a neutral rating for Jindal Steel & Power with target price at Rs 150.
Chandan Taparia of Motilal Oswal Securities recommends buying Bata India, KPIT Technologies and Jubilant Foodworks.
The global research house has set a target price of Rs 780 for the stock, implying a 7 percent potential upside from Tuesday's closing price.
Goldman has initiated coverage with Buy call on JSW Steel and Neutral call on Tata Steel as it expects return on equities of both companies to rise 600-725 bps over FY17-FY20.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell JP Associates and Hexaware Technologies and can buy ONGC.
Chandan Taparia of Motilal Oswal Securities is of the view that one can buy KPIT Technologies, Grasim Industries and Axis Bank.
Chandan Taparia of Motilal Oswal Securities is of the view that one may buy Indo Count Industries, Dr Reddy's Laboratories and Motherson Sumi.
Rajat Bose of rajatkbose.com is of the view that one may buy Bharat Forge with a target at Rs 738-743.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Reliance Industries, Cipla and Yes Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one may hold 63 Moons Technologies.
Tata Steel's 5 million tonne brownfield capacity expansion will cost Rs 23,500 crore over four years and rights issue will keep leverage ratios at a comfortable level for organic expansion.
Chandan Taparia of Motilal Oswal Securities recommends buying Tata Steel, Can Fin Homes and Larsen & Toubro.
The board of Tata Steel decided to expand the capacity of Kalinganagar plant by 5 million tonnes per annum (MTPA) to 8 MTPA with an investment of Rs 23,500 crore.
Bharti Airtel, Maruti and ONGC, among others, are on investors’ radar on Wednesday.
Tata Steel has announced its biggest expansion plan in 4 years, set to pump in Rs 23,000 crore to add capacity at its Kalinga-Nagar plant in Odisha. In an interview with CNBC-TV18, Rakesh Arora, Managing Partner of Go India Advisors discussed about the same.
Chandan Taparia of Motilal Oswal Securities recommends buying Tata Steel, Bajaj Finance and Tata Consultancy Services.
Ashwani Gujral of ashwanigujral.com suggests buying HDFC Bank, Tata Steel, Interglobe Aviation, V-Guard Industries and Bombay Dyeing.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Hindustan Zinc and Tata Steel and can buy Jubilant Life Sciences.
Ashwani Gujral of ashwanigujral.com suggests buying Reliance Industries, Adani Transmission and Simplex Infra.
Rakesh Bansal of RK Global is of the view that one may buy Bhagyanagar India with a target of Rs 72.
At the current juncture, 10,000 put and 10,500 call options are attracting trader’s attention and will remain in a range for the index for the few sessions.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Natco Pharma and Jubilant Life Sciences and sell IRB Infrastructure, Tata Steel and Voltas.
According to Technical Analyst Prakash Gaba of prakashgaba.com, looks like the Nifty is trying to test the 10094 mark. The crucial support for the index is at 10094 and the resistance is at 10260-10300. Bank Nifty has support at 25000-25100 and resistance at 26600.
Yogesh Mehta of MOSL is of the view that is of the view that one may short Tata Steel.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell DCB Bank, Indiabulls Real Estate, Asian Paints and Tata Global Beverage and can buy Tata Steel and South Indian Bank.