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
Vinay Rajani of HDFC Securities believes that Nifty is in continuation of an uptrend and same should extend. Currently Indian Markets are outperforming and we could see Indian benchmarks to register new all-time highs.
Sanjeev Hota of Sharekhan by BNP Paribas feels there could be further positive earnings surprise in store for Q4FY21.
Deutsche Bank maintains its buy rating on Federal Bank but has reduced its 12-month target price to Rs 120 per share from Rs 130 earlier.
"We expect the index to continue with its base formation in the broader range of 10,750-10,500 in the near-term, with stock specific activity remaining in focus amid elevated volatility as we approach the upcoming Karnataka elections," says Dharmesh Shah, Head Technical, AVP at ICICI Direct.com Research
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.
Auto companies like Hero MotoCorp, M&M and Escorts also highlighted rural growth recovery. India Inc. expects the demand trends to strengthen as we move into 2HFY18.
The S&P BSE Sensex rose over 200 points in trade on Friday but there was plenty of action in individual stocks as more than 150 stocks hit a fresh 52-weeks high on the BSE.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his reading and outlook on the market as well as on various stocks and sectors.
Mayuresh Joshi of Angel Broking is of the view that Visaka Industries may test Rs 144 in next 12 months.
Mayuresh Joshi of Angel Broking is of the view that one may pick Visaka Industries and Kirloskar Oil Engines.
In CNBC-TV18's popular show Bull's Eye, Ashish Kapur, Investshoppe shares trading strategy of the day.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Buy Visaka Industries with a target of Rs 175, says SP Tulsian, sptulsian.com.
SP Tulsian, sptulsian.com has picked up Visaka Industries and Goodyear. Visaka Industries, he says, is an attractive bet. “The stock can touch Rs 175 in 12 months,†he adds. According to Tulsian, Goodyear can touch Rs 400 in next 12 months.
Expect 40-50% in Visaka Industries from the next 6-8 months perspective, says Aashish Tater, Fort Share Broking.