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
SEBI's reclassification rule and additional surveillance measure where stocks are put under the scanner for suspected manipulation also weighed on sentiment
Experts said investors will be better off betting on stocks that are showing growth momentum and those that will benefit from the spending push by the government ahead of elections.
Rajesh Agarwal of AUM Capital
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Vinod Nair of Geojit said the selloff in the mid and smallcap space can provide a value buying opportunity when the market turns around
Experts see the Nifty consolidating this week with a positive bias. “The bullish momentum is likely to continue as long as it holds above 10,550 levels.”
A rate hike is something which might not be taken in a positive light by most of the sectors
Mitessh Thakkar of mitesshthakkar.com recommends buying Bajaj Finance with a stop loss of Rs 2099 and target of Rs 2160 and Indian Oil Corporation with a stop loss of Rs 166 and target of Rs 180.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy KPIT Technologies with a stop loss of Rs 260 and target of Rs 290 and Power Finance Corporation with a stop loss of Rs 74 and target of Rs 79 while one may sell RBL Bank with a stop loss of Rs 505 and target of Rs 477.
Top contrarian buy calls include Hero MotoCorp, Tech Mahindra, LIC Housing Finance, Hindustan Petroleum Corporation (HPCL) and NMDC.
On shorter time frame, the levels 10,550 levels may act as near term hurdle i.e. 50 percent Retracement level, says Rajesh Agarwal, Head of Research at AUM Capital Markets.
Global brokerage house Citi expects double digit growth for current financial year (FY19) but with some downgrade risks.
Here is the list of top 17 stocks that can give up to 99% return.
Chandan Taparia of Motilal Oswal Securities is of the view that one can sell TVS Motor and buy can NTPC futures.
According to Chandan Taparia of Motilal Oswal Securities, one may buy Hindustan Unilever.
Vijay Chopra of enochventures.com is of the view that one may buy Sintex Industries with a target of Rs 23.
"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.
Prakash Gaba of prakashgaba.com is of the view that NBCC can climb to Rs 204 while Mindtree is likely to slide to Rs 780.
Kunal Saraogi of Equityrush is of the view that oen may buy Federal Bank with a target of Rs 97.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Biocon, LIC Housing and Voltas and can sell TVS Motor, Century Textiles and Interglobe Aviation.
Credit Suisse has upgraded Aurobindo to Outperform from Neutral rating with a target price at Rs 750 per share as the stock is attractive for low valuations at 13x FY19 EPS.
Ashwani Gujral of ashwanigujral.com recommends buying Bajaj Finserv, Vedanta and Arvind.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Sonata Software and can sell JSPL and HDIL.
A rate cut or a rate hike, investors are advised to stick to quality rate sensitive stocks which can outperform benchmark indices, suggest experts.
Kunal Saraogi of Equityrush advises selling Pidilite Industries with a target of Rs 845.