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
Mitessh Thakkar of mitesshthakkar.com recommends buying Wipro with a stop loss of Rs 332 and target of Rs 356, Capital First with a stop loss of Rs 534 and target of Rs 570 and Ujjivan Financial Services around Rs 240 with stop loss of Rs 234 for target of Rs 255.
Sudarshan Sukhani of s2analytics.com recommends selling Axis Bank with stop loss at Rs 627 and target of Rs 614, Syndicate Bank with stop loss at Rs 35.70 and target of Rs 33.30 and Jain Irrigation Systems with stop loss at Rs 67.05 and target of Rs 63.40.
VIX could rise further towards 24-25 levels indicating markets will remain under pressure, says Ashish Chaturmohta of Sanctum Wealth Management
Ashwani Gujral of ashwanigujral.com suggests buying Apollo Hospitals with a stop loss of Rs 1120, target of Rs 1160 and Colgate Palmolive with a stop loss of Rs 1110, target of Rs 1155.
Macquarie has recently upgraded its Nifty50 target to 12,000 for March 2019. It expects largecaps to perform better than midcaps as the latter is still vulnerable from valuations and flows
Immediate support for Nifty is at 10,855. Breaking below this, the next support zone is at 10,640-10,550, says Ashish Chaturmohta of Sanctum Wealth Management
Prakash Gaba of prakashgaba.com suggests buying Berger Paints with target at Rs 350 and stop loss at Rs 320, Eicher Motors with target at Rs 30000 and stop loss at Rs 28500 and Kotak Mahindra Bank with target at Rs 1310 and stop loss at Rs 1272.
"We reiterate our bullish view on the market and maintain our target of 11,600 on the Nifty," says Jayant Manglik of Religare Broking
Mitessh Thakkar of mitesshthakkar.com suggests buying IDFC with a stop loss of Rs 47.5 and target of Rs 56, M&M above Rs 945 with stop loss of Rs 934 and target of Rs 980 and Muthoot Finance with a stop loss of Rs 414 and target of Rs 450.
Aditya Agarwala of Yes Securities says a sustained trade above 11,150 can extend the current upmove to 11,185-11,245 levels
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Torrent Pharma with a target of Rs 1500.
Ashwani Gujral of ashwanigujral.com recommends buying Asian Paints with a stop loss of Rs 1380, target of Rs 1420 and KPIT Tech with a stop loss of Rs 296, target of Rs 311.
“I do have a few substitutes to juice up the portfolio, if conditions change,” says Ayon Mukhopadhyay of IIFL Institutional Equities for UK and Europe
One can buy in the range of Rs 385-389 levels for the upside target of Rs 440-450 levels with a stop loss below Rs 365.
Investors are advised to remain cautious and watch out for two levels: 10,770 on the upside and 10,550 on the down.
Rajesh Agarwal of AUM Capital recommends buying Indian Oil Corporation with stop loss at Rs 164 and target at Rs 174, a buy on Ujjivan Financial Services with stop loss at Rs 398 and target at Rs 417 and a buy also in Adani Transmission with stop loss at Rs 164 and target at Rs 176.
"Traders can accumulate the stock in the range of Rs 415 - 422 for target of Rs 485 with a stop loss below Rs 394," says Achin Goel, Head of Wealth Management and Financial Planning at Bonanza Portfolio.
Here is a list of top five stocks which could give up to 15% return in the short term.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy ITC with a stop loss of Rs 283, target of Rs 297, a buy in Pidilite Industries with a stop loss of Rs 1080, target of Rs 1240 and a sell in Balrampur Chini with a stop loss of Rs 70, target of Rs 62.
Rajesh Agarwal of AUM Capital recommends buying Container Corporation of India with stop loss at Rs 1300 and target at Rs 1357, a buy in EIH with stop loss at Rs 182 and target at Rs 200 and a buy also in Kansai Nerolac Paints with stop loss at Rs 493 and target at Rs 520.
Rajesh Agarwal of AUM Capital recommends buying Yes Bank with target at Rs 365 and stop loss at Rs 341, a buy on Tata Steel with target at Rs 589 and stop loss at Rs 569 and a buy also on Wockhardt with target at Rs 810 and stop loss at Rs 780.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy HCL Technologies, Ashok Leyland and UPL and can sell Ujjivan Financial Services and Hindustan Petroleum Corporation.
Dalmia Bharat, SBI and Ashok Leyland, among others are being tracked by investors on Thursday.
The colour red is a synonym for a fall or correction. We have seen nearly 6 percent fall in the benchmark indices and doubled digit cuts in many stocks from small and midcap space.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Motherson Sumi with a target of Rs 343.80.