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
The broking firm expects Tech M's enterprise revenue to grow 14 percent (YoY) in FY17, supported by CY15 deal wins and strong business momentum in recent quarters. Overall it sees USD revenues to grow 10 percent (YoY) in FY17.
Rajat Bose of rajatkbose.com is of the view that Ceat may test Rs 1130 and advises buying Arvind on dips.
CNBC-TV18's analysts give you stocks to keep on your radar for trade today: The stocks that are likely to be under pressure are Lupin, Chambal Fertiliser, Tree House Education, United Breweries and Bajaj Auto while the stocks that are likely to gain are Wipro, Pfizer, Spicejet, Eveready, Indian Hume, Tata Motors and Tech Mahindra.
Ashwani Gujral of ashwanigujral.com recommends buying Century Textiles and Industries and United Spitits and advises selling Tech Mahindra.
Prakash Gaba of prakashgaba.com recommends picking Aurobindo Pharma and Tech Mahindra and feels that Adani Enterprises may test Rs 70.
Manoj Murlidharan of Religare Securities recommends buying Cipla, Torrent Pharma, HCL Tech and TVS Motor.
Rajat Bose of rajatkbose.com is of the view that Tech Mahindra may test Rs 447 while Ashoka Buildcon may hit Rs 191.60.
Sudarshan Sukhani of s2analytics.com recommends buying Biocon and advises selling Page Industries, Dr Reddy's Labs, Vedanta and Havells India.
Gaurang Shah of Geojit BNP Paribas feels that Tata Consultancy Services may move to Rs 2650.
Prakash Gaba of prakashgaba.com recommends shorting NTPC, UPL and Tech Mahindra and advises buying Britannia Industries.
Rajat Bose of rajatkbose.com recommends buying United Breweries on dips and feels that Tech Mahindra may head lower.
Prakash Gaba of prakashgaba.com recommends shorting HPCL and feels that Tata Steel may hit Rs 240.
Prakash Gaba of prakashgaba.com likes Reliance Industries for target of Rs 1080 and feels that Titan Company may test Rs 377.
Rajat Bose of rajatkbose.com recommends buying Tech Mahindra and Reliance Industries.
Rahul Mohindar of viratechindia.com is of the view that one can look at buying BPCL and feels that IT looks interesting.
Sudarshan Sukhani of s2analytics.com recommends selling Tech Mahindra, JSW Steel and IRB Infra.
Kawaljeet Saluja, Executive Director & Head of Research at Kotak Institutional Equities is of the view that TCS may test Rs 2525 while Infosys and Tech Mahindra are the top picks in the IT space.
Sudarshan Sukhani of s2analytics.com is of the view that one may see lower levels in IT stocks and recommends shorting IT stocks.
Sudarshan Sukhani of s2analytics.com, advises selling Idea Cellular and Tech Mahindra.
Prakash Gaba of prakashgaba.com recommends going long in Hindustan Zinc and feels that Tata Motors looks weak.
Simi Bhaumik of simibhaumik.com advises buying Biocon with a target of Rs 55.
Gaurang Shah of Geojit BNP Paribas Financial Services is of the view that one may hold Tata Elxsi.
Sudarshan Sukhani of s2analytics.com advises buying Tata Power.
Sudarshan Sukhani of s2analytics.com advises buying Ajanta Pharma and suggests selling Tech Mahindra.
Gaurav Bissa of LKP Securities is of the view that one may sell Tech Mahindra with a target of Rs 491.