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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
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.
“Nifty may continue to trade range bound” says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management Ltd.
Top contrarian buy calls include Hero MotoCorp, Tech Mahindra, LIC Housing Finance, Hindustan Petroleum Corporation (HPCL) and NMDC.
"There has been a sharp upside bounce in Nifty in the last three weeks, but this is going to be a temporary trading bounce"
"Nifty has formed Bullish Candles for three consecutive days. Index might face strong hurdle around 10430-10455 levels i.e. 100 and 50 SMA respectively," says Rajesh Agarwal of AUM Capital.
Mid-tier companies are expected to report 2-3% constant currency revenue growth sequentially despite seasonal weakness
Sandeep Wagle of powermywealth.com is of the view that one can buy Maruti Suzuki and can sell National Aluminium Company.
Ashwani Gujral of ashwanigujral.com recommends buying Balrampur Chini, Can Fin Homes, Tech Mahindra, Maruti Suzuki and Indiabulls Housing Finance.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy UPL, Tech Mahindra, HDFC Bank and Ajanta Pharma and can short Balrampur Chini.
Here is the list of 12 top stocks that can give upto 47% return over 12-15 months period.
Rajat Bose of rajatkbose.com is of the view that one may buy Bombay Dyeing.
The latest analysis and commentary by stock market guru Ashwani Gujral, Sudarshan Sukhani, Mitessh Thakka, Rajat Bose, Prakash Diwan and Chandan Taparia on what is moving the markets today. Check out their top stock recommendations.
Mitessh Thakkar of miteshthacker.com advises selling Arvind with a target of Rs 372.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ajanta Pharma and Tech Mahindra and can sell BEML, CESC and India Cements.
"The index has to cross 10490 levels decisively to move higher and if it fails to cross this level, weakness could be seen towards 10290 and 10150 levels," says Rajesh Agarwal of AUM Capital.
Mitessh Thakkar of miteshthacker.com suggests buying Reliance Capital and KPIT Tech.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell REC, Bank of India, Asian Paints and HDFC Bank and can buy Tech Mahindra and Natco Pharma.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy TCS, Hexaware, Interglobe Aviation, Jubilant Food, HUL and Tech Mahindra and can sell Tata Motors.
Ashwani Gujral of ashwanigujral.com recommends buying Tech Mahindra with a stop loss of Rs 614 and target of Rs 635 and has a buy also on Tata Consultancy Services with a stop loss of Rs 3000, target of Rs 3150.
