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
Vijay Chopra of enochventures.com is of the view that one may book some profits in Vedanta.
Rajat Bose of rajatkbose.com is of the view that one may hold Vedanta.
Mitessh Thakkar of mitesshthakkar.com has recommends a buy on Mangalore Refinery and Petrochemicals which has a positive candlestick pattern with a stop loss of Rs 131 for target of Rs 140 while Ashwani Gujral of ashwanigujral.com has a buy on Maruti Suzuki with a stop loss of Rs 8000, target of Rs 8250.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell PNB and Kaveri Seed Company and can buy Coal India and Hexaware Technologies while one can hold Yes Bank and Vedanta.
Ashwani Gujral of ashwanigujral.com recommends buying PC Jeweller, Godrej Properties and Escorts.
Technical Analyst Ashwani Gujral has buys on IGL, Tata Steel and PVR while Mitessh Thakkar has buys on Grasim and GMR Infra and has sell calls on Dish TV and IOC.
Ashwani Gujral of ashwanigujral.com recommends buying Hitachi Home, Motilal Oswal, NBCC, Tata Chemicals and Petronet LNG.
VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities recommends buying Cipla, Sun Pharmaceutical Industries, Mahindra & Mahindra Financial Services, Tata Chemicals and Vedanta and advises a bull spread in Tata Communications.
The midcap Index which was again the outperformer, up 1.29 percent led by Jain Irrigation Systems and Jaiprakash Associates while Bajaj Auto, ICICI Lombard General Insurance Company, MphasiS and Vedanta were some of few stocks that hit 52-week high on the NSE.
Prakash Gaba of prakashgaba.com
Bank Nifty was marginally in the green, up 0.12 percent but the stock which zoomed was Federal Bank that zoomed 5.38 percent after the company declared strong Q2 numbers while ICICI Bank was up 1 percent.
Ashwani Gujral of ashwanigujral.com advises buying Vedanta, Tata Steel and JSW Steel while he feels that Kotak Mahindra Bank is likely to hit Rs 1250.
Bharti Infratel continued its dominant form from last week as the stock was the most active gainer in the Nifty, gaining over 2.47 percent followed by Vedanta and Tata Motors which were up 2.12 percent and 1.71 percent respectively.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Vedanta, BEML and ACC and can sell Bharat Heavy Electricals.
Ashwani Gujral of ashwanigujral.com recommends buying Avanti Feeds, Sobha, NBCC, Bata India and Kotak Mahindra Bank.
Nifty added on to its morning gains on Thursday with the index inching up 47.45 points at 10,032.80 while the Sensex added 132.86 points at 31,966. Vedanta, Lupin, Sun Pharma along with TCS were some of the top gainers in the Nifty.
Sandeep Wagle of powermywealth.com is of the view that one can buy Bharti Airtel and sell Vedanta.
Ashwani Gujral of ashwanigujral.com is of the view that one may prefer Tata Steel and Vedanta.
Asain Paints, CESC, Vedanta, Gail India and Tata Global Beverages could give up to 12% return in short-term.
Ashwani Gujral of ashwanigujral.com advises buying Jubilant Foodworks, Future Consumer, Tata Chemicals and Raymond.
In an interview to CNBC-TV18, Abhimanyu Sofat, VP-Research at IIFL shared his readings and outlook on specific stocks and sectors.
Stocks which gave multibaggers returns in the December quarter of 2016 include names like SE Power, Kushal Tradelink, India Metals, Vama Industries, HM Sugar Mills, Indokem, Atlas Jewellery, Niraj Cement etc. among others.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Vedanta, TVS Motor Company and NTPC and can sell Kaveri Seed Company.
Here is a list of top 5 stocks which can give up to 10% return in the short term.
Prakash Gaba of prakashgaba.com feels that Bharti Infratel may move to Rs 420.