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 Nifty corrected nearly two percent for the week-ended May 18 and slipped below its crucial support placed at 10,600, suggesting further pain in the coming session.
The Nifty is expected to face immediate resistance at around 10,760 and 10,790 levels and is likely to find support around 10,640 and 10,600 levels. Moreover, if the index manages to breach 10,790 levels on the closing basis, then a further rally towards 10,950 is possible.
"Traders can sell the stock after some technical bounce back around Rs 288-290 with a stop loss above Rs 299 for a target of Rs 273," says Abhishek Mondal, Research Analyst at Guiness Securities.
The index has a string of resistances placed between 10,700 and 10,800 levels which could act as a crucial resistance level in the May series. Hence, technical experts advice investors to remain stock specific as trading in benchmark indices could turn rangebound.
In 2019, the focus will be on generating strong cash flows on the strength of higher volumes and improved cost structure in businesses which will further strengthen company's financials and will drive superior shareholder returns, said Kuldip Kaura, CEO at Vedanta.
On a year-to-date (YTD) basis, as many as six out of 10 stocks failed to even match the Sensex’s return of 1.09 percent.
"We believe there is room for more upside in NALCO as the rally in aluminium prices will augur well for its earnings in the coming quarters," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
Here is the list of 20 stocks that could give up to 50 percent return over a period of one year.
"There is a significant potential for performance improvement post completion of project and capacity ramp up. We perceive it as prudent capital allocation. We have a buy rating with target price of Rs 425," says Sumit Bilgaiyan, Founder of Equity99.
"The stock has formed a rounding bottom. Traders can accumulate the stock in the range of Rs 292-297 for the target of Rs 344 and stop loss below Rs 279," says Achin Goel, Head of Wealth Management and Financial Planning at Bonanza Portfolio Ltd.
"Increased interest in 10,200 Put suggests a positive shift in the Nifty range. However, a proximity to resistance levels may induce some small correction which we think would provide a buying opportunity in the near term," says Achin Goel, Head of Wealth Management and Financial Planning, Bonanza Portfolio Ltd.
says Rajesh Agarwal AUM Capital.
“Nifty breaking out 10,160 is likely, 10,230 is the next resistance.” says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management Ltd.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Vedanta and Dewan Housing Finance and can buy HCL Technologies.
The reaction to the US-China trade war on equity markets was nothing short of a bloodbath. Asian markets plunged while back home Sensex and Nifty recorded a cut of over 1 percent. The rout witnessed by the Indian market on Friday has eroded Rs 1.57 crore of investor wealth.
Ravi Kataria, MD at Investment Imperative discusses with Prashant Nair and Ekta Batra his analysis on the fundamental side of the market as well as specific stocks and sectors.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Jindal Steel & Power and BPCL and can buy Dewan Housing Finance Corporation.
Sun Pharma, Vedanta, and Jubilant Foodworks, among others, are on investors’ radar on Thursday.
Sudarshan Sukhani of s2analytics.com is of the view that one may sell Cummins, Arvind, Capital First and Equitas Holdings.
Sandeep Wagle of powermywealth.com is of the view that one may book some profits in Vedanta.
Ashwani Gujral of ashwanigujral.com recommends buying NCC, Vedanta and IIFL Holdings.
IDFC Bank, Coal India, and metals, among others, are being tracked by investors on Monday.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Tata Steel, Adani Enterprises, JSW Steel and Vedanta and can buy L&T Finance and Piramal Enterprises.
Mitessh Thakkar of miteshthacker.com recommends buying Hexaware Technologies with a stop loss of Rs 346.50 and target of Rs 366 and advises selling Hindalco Industries around Rs 232-233 with stop loss of Rs 240 and target of Rs 220.
The metal index plunged 3.5 percent intraday after US President Donald Trump said that his government would impose hefty duties on imported steel and aluminium. The index fall was largely aided by stocks including NMDC which tanked over 6 percent while Jindal Steel & Power was down 5.5 percent. The other top losers were Hindalco Industries, JSW Steel, NALCO and Steel Authority of India, each shedding over 4 percent.