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
R Systems International was locked in 20 percent upper circuit at Rs 266.80, forming a robust bullish candle on the daily charts with far higher than average volumes, after hammer kind of pattern formation in the previous session. Even the relative strength indicator (RSI) as well as Stochastic have showed uptrend, indicating sentiments are strong.
Unless TTK Prestige is trading below Rs 815 or 50 day SMA, positional traders can retain an optimistic stance and look for a target of Rs 900-925. Fresh buying can be considered now and on dips if any between Rs 860 and Rs 845 levels with a stop-loss below Rs 815.
Mazhar Mohammad, of Chartviewindia.in, suggests options for investors either holding or aiming for some of the key market movers of Tuesday.
The outlook for many sectors has improved following various steps, including Budget proposals, announced to revive and accelerate economic growth
If you are a retail investor have Rs 1 crore to invest, here are a few recommendations for investing and dividing your portfolio exposure across these sectors.
Gaurav Garg of CapitalVia feels the LTC and reintroducing of Special Festival advance scheme for government employees are expected to boost the consumer demand by additional Rs 36,000 crore.
Various measure taken by the government and ‘unlocking ‘ of the economic activity has made brokerages confident of an economic recovery and they have been upgrading stocks.
Dinesh Thakkar of Angel Broking said though MF inflows this year have slowed down, he was very confident that MF inflows will pick up from here on as market sentiment improves
Experts now feel that it is better to stay put in the market and remain stock-specific than focusing on the index
With markets hitting fresh highs, most experts said there is need for a portfolio rejig and investors should add stocks that are showing growth
In an interview with CNBC-TV18, market expert SP Tulsian listed his stock picks for the day and shared his market outlook.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Balrampur Chini and avoid Castrol India.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy HDFC and ITC.
Mayuresh Joshi of Angel Broking is of the view that one can hold TTK Prestige and Somany Ceramics.
Ashwani Gujral of ashwanigujral.com recommends buying Bharat Electronics Limited and feels that TTK Prestige may head higher.
Mehraboon Irani of Nirmal Bang Securities is of the view that one can buy Asian Paints for long term.
SP Tulsian of sptulsian.com is of the view that one may look at Hawkins Cooker with a target of Rs 2800 in next 6 months.
Here are top 10 stocks to focus on January 22 - Bharti Airtel, Idea Cellular, Bharat Forge, Motherson Sumi, Cox & Kings, ING Vysya Bank, Larsen & Toubro (L&T) Finance, ITC, TTK Prestige and Tata Motors.
Sudarshan Sukhani of s2analytics.com advises buying TTK Prestige.
Sudarshan Sukhani of s2analytics.com recommends buying TTK Prestige as the stock may test new highs.
Harendra Kumar of Elara Capital feels that TTK Prestige may slip to Rs 2900. "PTC India may go upto Rs 70 in next six-eight months," he adds.
The research desk at CNBC-TV18 gives a wrap on the reason to watch out for stocks like HDFC, Piditlite Industries, TCS and Wipro, Oil India , ONGC on the IOC divestment, KRBL, TTK Prestige, OBC and Canara Bank in today‘s trade.
According to Saurabh Mukherjea, CEO, Institutional Equities at Ambit Capital, one may buy TTK Prestige. "The company is growing revenues at something like 50-60 percent every year in north India," he adds.
Rajen Shah, CIO of Angel Broking is bearish on TTK Prestige. “The stock is very expensive and it could crack significantly below Rs 3,000 levels,†he adds.
According to Sudarshan Sukhani of s2analytics.com, TTK Prestige may test Rs 3700 where it may find resistance.