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
UFO Moviez India may test Rs 650: Vijay Chopra
Sector rotation is likely to continue further as derivative data indicates bullish scenario to continue. The Nifty has multiple supports at lower levels around 10,200 and 10,100 spot levels, says Shitij Gandhi of SMC Global Securities.
Investors who are just focused on Nifty and Sensex might miss a big opportunity which is there in the small and midcap space, says Veliyath who is MD, Equity Intelligence India.
The house is of the view that merger with Qube is likely to increase geographical strength and client base and feels that GST and demonetization impact with subdued content are temporary issues and provide buying opportunity in the stock.
Tata Global, BHEL, and IRB Infra, among others, are on the radar of investors on Thursday.
The immediate resistance on Nifty is now placed at 10,400 odd levels which are needed to be taken out in the follow-up buying. The support levels have now shifted to 10300 - 10320 levels, says Mustafa Nadeem, CEO, Epic Research.
It will be crucial to watch these stocks as they will give a further indication to overall momentum.
The approach of investing towards small to midcap in a scenario where the market is trading at record highs should be based on core fundamentals and not momentum in the stocks.
In an exclusive CNBC-TV18 panel discussion, market experts SP Tulsian, Dipan Mehta, Daljeet Singh Kohli and Prakash Diwan listed out their top stock bets ahead of the Budget.
HCL Technologies posted good Q1 (FY17) numbers. SP Tulsian of sptulsian.com said that although positive bias can be seen building up for guidance, one shouldn't take a call on a company on its quarterly performance. From technology pack, he prefers Infosys followed by HCL Technologies.
Sharmila Joshi, Market Expert advises buying KS Micro with a target of Rs 450.
CA Rudramurthy BV of Vachana Investments advises buying UFO Moviez India with a target of Rs 640.