co-presented by
ASSOCIATE SPONSORS
co-presented by
ASSOCIATE SPONSORS
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
Jayant Manglik of Religare Broking advises using rebound to reduce existing positions and waiting for stability.
Going forward, given the speed and the extent of fall, a small rebound cannot be ruled out up to 11,400 levels once again. For the entire bearish pattern to get negated, Nifty has to surpass the right shoulder’s peak of 11,603 levels.
Rajesh Agarwal of AUM Capital recommends buying Dhampur Sugar with stop loss at Rs 140 and target of Rs 155, Globus Spirits with stop loss at Rs 198 and target of Rs 220 and Bharat Petroleum Corporation with stop loss at Rs 358 and target of Rs 375.
These include names such as IOC, BPCL, Hero MotoCorp, Shree Cements, Ambuja Cements, Havells India, HPCL, ACC, Exide Industries, IGL, and Amara Raja Batteries.
The rupee corrected more than 13 percent year-to-date and around 5.5 percent in last one month.
Rajesh Agarwal of AUM Capital recommends buying JK Paper with stop loss at Rs 175 and target of Rs 187, Aurobindo Pharma with stop loss at Rs 735 and target of Rs 789 and Cadila Healthcare with stop loss at Rs 413 and target of Rs 435.
We recommend buying Tech Mahindra for the upside target of Rs 730 and keeping a stop loss placed below Rs 665, says Nandish Shah of HDFC Securities.
We advise accumulation of long positions in the Nifty with a stop-loss of 11,400 and a target of 11,750.
Rajesh Agarwal of AUM Capital recommends buying Karnataka Bank with stop loss at Rs 117 and target of Rs 124, GM Breweries with stop loss at Rs 740 and target of Rs 788 and Amara Raja Batteries with stop loss at Rs 875 and target of Rs 914.
The major reasons behind rupee fall are strengthening dollar on recovery in the US economy and Turkish lira losing 28 percent against the greenback in August and more than 40 percent year-to-date.
Sudarshan Sukhani of s2analytics.com recommends buying Torrent Pharma with a stop loss at Rs 1675 and target of Rs 1735 and NIIT Tech with a stop loss at Rs 1125 and target of Rs 1325.
Oberoi Realty, Axis Bank, Tata Motors, Petronet LNG and Tech Mahindra are some of the stocks whose ratings have been upgraded by brokerages after Q1 results
CLSA upgraded the stock to underperform from sell earlier and has also raised its target price to Rs 650 per share from Rs 635 earlier
Rajesh Agarwal of AUM Capital recommends buying Axis Bank with stop loss at Rs 558 and target of Rs 585, BEML with stop loss at Rs 880 and target of Rs 918 and Chennai Petroleum Corporation with stop loss at Rs 303 and target of Rs 334.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Torrent Pharma with a target of Rs 1500.
Considering the derivatives expiry next week, Vikas Jain of Reliance Securities expects the market to remain volatile with respect to rollover movements in individual sectors and stocks
Rajesh Agarwal of AUM Capital recommends buying Tech Mahindra with stop loss at Rs 649 and target of Rs 667, NTPC with stop loss at Rs 152 and target of Rs 161 and Yes Bank with stop loss at Rs 373 and target of Rs 387.
We expect it will continue the rally and recommend buying the stock at the current level for the target of Rs 730 and a stop loss below Rs 700, says Mustafa Nadeem of Epic Research.
Investors need to watch the movement of Nifty in the first few hours of trade on Thursday as it may be volatile and the pain may intensify to lower levels of 10,610 – 10,600.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Dabur India with a stop loss of Rs 387.8 and target of Rs 405 and sell DLF with a stop loss of Rs 196.2 and target of Rs 182.
Rajesh Agarwal of AUM Capital recommends buying Tech Mahindra with stop loss at Rs 699 and target of Rs 733, PVR with stop loss at Rs 1350 and target of Rs 1389 and Dabur India with stop loss at Rs 387 and target of Rs 403.
We recommend buying Tech Mahindra for the upside target of Rs 745 and keep a stop loss below Rs 670, says Nandish Shah of HDFC Securities.
Rajesh Agarwal of AUM Capital
Prakash Gaba of prakashgaba.com advised selling Bajaj Auto with a target price of Rs 2,790 and stoploss at Rs 2,855.
Mitessh Thakkar of mitesshthakkar.com recommends buying Page industries with a stop loss of Rs 24900 and target of Rs 27000 and Marico around Rs 335 with stop loss of Rs 327 and target of Rs 351.
