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
The market may try to rebound on the first day of the December series, but sustainability is the key factor to watch. Below are some trading ideas for the near term.
The rangebound trade is expected to continue, with a focus on stock-specific action in the upcoming sessions. Below are some trading ideas for the near term.
The Nifty 50 is expected to remain rangebound before moving in a firm direction. Below are some trading ideas for the near term.
Short term trend of Nifty turned bearish as it is placed below its 5, 11 and 20 DMA (day moving average)
As the market advances, it is advisable to focus on risk management and have a selective approach while looking out for thematic movers amidst the ongoing sectoral rotation, Sameet Chavan said.
The company’s focus on profitability and the strong growth in its order book should support the stock
ICICI Direct believes one should select strong balance sheet companies with low leverage and higher cash flows during these turbulent times.
The equity market may trade with a negative bias in the short-term, but the broader market will maintain its positive bias in the long-term, Vinod Nair of Geojit Financial Services says.
"It is our top pick in water management space. We are bullish on a longer term basis 3-5 years. At current market price of Rs 533 it is attractively priced at a P/E of 17x on EPS on trailing twelve month basis," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
It looks like the worst is over for Indian markets which is reasonably priced; however, stock picking has become difficult. Going forward, if we look at what is happening across the globe and back home, most investors have moderated their return expectations from the market, indicated Porinju Veliyath of Equity Intelligence India.
"The Index has to close above 10,440 levels for further upmove. If it sustains below or fails to cross this mark, Nifty may witness a correction till 10,330 and 10,270 zone," says Rajesh Agarwal of AUM Capital.
"The index has formed 'Spinning Top' candlestick pattern indicating lack of momentum on either side. Now Nifty has to close above 10,250 marks for further upside. The level 10,400 will work as immediate hurdle zone and support is seen around 10,130 mark," says Rajesh Agarwal of AUM Capital.
Gaurav Ratnaparkhi of Sharekhan advises buying Dr Reddy's Lab with a target of Rs 2283.
As we are near the fag end of the earnings season and most of major corporate earnings already priced in, and no major event lined up in the offing, the market is likely to take cues from globe, according to experts.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Axis Bank, NMDC and Deepak Fertiliser and can sell Bank of India and VA Tech Wabag.
ICICI Securities expects companies in the capital goods space to exhibit a strong recovery in earnings backed by a pickup in order inflows.
Ruchit Jain of Angel Broking is of the view that one may buy Ajanta Pharma with a target of Rs 1745.
In an inteview with CNBC-TV18, SP Tulsian of sptulsian.com, explains why he likes Century Textiles and Adani Ports. He also gives his views on various other stocks like M&M Financials, Shriram Transport and MRF.
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.
Goldman Sachs retains buy call on Bharti as recent correction offers attractive entry point. It says new offer may help Bharti to gain some subscriber market share. It says Vodafone and idea may come up with similar plans in the near future.
Indiabulls Housing, Shriram Transport, Oberoi Realty, Reliance Capital and Reliance Communications are major losers among BSE Midcap indices. Stocks those are in green among BSE Smallcap indices are VA Tech Wabag, Swan Energy, Ujaas Energy, Orbit Exports and Accelya Kale.
Deven Choksey of KRChoksey Investment Managers is of the view that one may look at VA Tech Wabag.
Sharmila Joshi of sharmilajoshi.com recommends holding Sintex Industries.
Pritesh Mehta of IIFL is of the view that one may buy Hindustan Unilever with a target of Rs 895.
Pritesh Mehta of IIFL is of the view that one can buy PNB, Va Tech Wabag, TVS Motor and feels that Dredging Corporation India may test Rs 440-450 in the next couple of months.