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 is expected to remain range-bound, with last week’s support acting as a key base. Below are some short-term trading ideas to consider.
Brokerages believe that the improvement in the ARPU of the sector is only getting started
Here's what Shrikant Chouhan of Kotak Securities recommends investors should do with these stocks when the market resumes trading today.
The relief package eases the financial stress for telcos and frees up funds that can be deployed to build 5G infrastructure and acquire spectrum, experts said.
Expectations of government support for telecom companies ahead of a cabinet meeting drove gains in the stocks
Overall Nifty is trading with bullish bias and it has a potential to trade towards 15,000 unless it gives closing below its 5-week SMA and last week's low standing around 14,350.
The banking index is at its previous record highs and the Nifty Midcap 50 index, which is at the crucial Fibonacci ratios, may see much-awaited corrective moves.
Telecom companies will submit undertaking to pay AGR dues as per Supreme Court order and will pay 10 percent upfront.
Given the adverse situation for VIL, Reliance Jio and Bharti could gain disproportionately, says Motilal Oswal.
After the launch of Reliance Jio in 2016, the biggies of the telecom sector lost not only their revenue, but also a huge chunk of their customer base
The benchmark indices continued their rally for the sixth consecutive session on November 1, with Sensex touched a fresh all-time high of 40,392.22.
With several investments expected in the sector in the coming months and the competition becoming steeper, the telecom companies should be witnessing several big moves in the coming time period
Mitessh Thakkar of mitesshthakkar.com recommends buying Bajaj Finance above Rs 2785 with stop loss of Rs 2764 and target of Rs 2840, Vodafone Idea above Rs 33 with stop loss of Rs 32.5 and target of Rs 35 and Petronet LNG with a stop loss of Rs 228 and target of Rs 245.
The BSE Telecom index has fallen 41 percent so far this year. The sector has been battling issues of low tariffs, eroding profitability, and rising debt as a result of an aggressive pricing war started by Reliance Jio
Positional traders are advised to adopt a two-pronged strategy of buying now and on declines between Rs 40-38 levels for an initial target of Rs 49.
Rajesh Agarwal of AUM Capital recommends buying Bank of Baroda with stop loss at Rs 110 and target of Rs 122, Ajanta Pharma with stop loss at Rs 1090 and target of Rs 1160 and Siemens with stop loss at Rs 952 and target of Rs 1015.
Mitessh Thakkar of mitesshthakkar.com suggests buying Axis Bank with a stop loss of Rs 617 and target of Rs 645, Colagate Palmolive with a stop loss of Rs 1114 and target of Rs 1160 and IRB Infra above Rs 145 with stop loss of Rs 141.5 and target of Rs 154.
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.
Mitessh Thakkar of mitesshthakkar.com suggests buying Reliance Industries with a stop loss of Rs 1239 and target of Rs 1282 and Bata India with a stop loss of Rs 974 and target of Rs 1000 while he advises selling CESC with a stop loss of Rs 891 and target of Rs 840.
Mitessh Thakkar of mitesshthakkar.com suggests buying Balrampur Chini with a stop loss of Rs 76 and target of Rs 81, Bosch with a stop loss of Rs 20,900 and target of Rs 22,000 and Cadila Heathcare with a stop loss of Rs 412 and target of Rs 445.
Sudarshan Sukhani of s2analytics.com suggests buying Vedanta with a stop loss at Rs 225 and target of Rs 236, United Breweries with a stop loss at Rs 1300 and target of Rs 1360 and Divis Laboratories with a stop loss at Rs 1260 and target of Rs 1320.
Duggad is currently bearish on Idea Cellular, Bharat Heavy Electricals and Tata Power.
Rajesh Agarwal of AUM Capital recommends buying Adani Enterprises with stop loss at Rs 192 and target of Rs 205, Venkys with stop loss at Rs 2618 and target of Rs 2820 and Jet Airways with stop loss at Rs 319 and target of Rs 350.
In the Friday's trading session Nifty hit a record high of 11,283.40 and Sensex touched a record high at 37,368.62.
Gaurav Ratnaparkhi of Sharekhan said if the bulls manage to cross that region then one can look at significantly higher levels