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
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.
Prakash Gaba of prakashgaba.com advises buying ACC with a target at Rs 1400.
“The Beats-to-misses (BTM) ratio for 4Q was 0.76x indicating that there were more misses than beats this quarter. After the largely positive surprises in 2Q which had a BTM of 1.42x, 3Q and 4Q have witnessed a sequential decline,” JM Financial said in a report.
Goldman Sachs maintains a buy rating on Tech Mahindra post Q4 results but raised its 12-month target price to Rs 880 from Rs 824 earlier.
"The current momentum is likely to extend further. We expect Tech Mahindra to rally towards its potential target of Rs 770 in the medium term," says Hadrien Mendonca of IIFL.
Going forward, it is not going to be a cakewalk for the bulls as there are multiple hurdles for the Nifty.
Prakash Gaba of prakashgaba.com is of the view that one can buy Biocon with target at Rs 665 and stop loss at Rs 635 and sell DCB Bank with target at Rs 175 and stop loss at Rs 184.
Downside supports for the Nifty are placed around 10,750 and 10,700 levels, says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management.