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
Sumeet Jain of Destimoney Securities is of the view that one may buy Idea Cellular with a target of Rs 109.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries, Vedanta and Bombay Burmah.
Ashwani Gujral of ashwanigujral.com recommends buying Raymond, Kwality, GMDC, Bajaj Finance, Idea Cellular and Bombay Burmah.
While retaining buy call on IndusInd Bank with a target price at Rs 2,060, CLSA said it sees 25 percent earnings CAGR over FY17-20 with return on equity of 18-19 percent.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on market and specific stocks.
Ashwani Gujral of ashwanigujral.com recommends buying Balkrishna Industries, UltraTech Cement, Bata India, Dewan Housing Finance, Just Dial and Prestige Estates.
Ashwani Gujral of ashwanigujral.com recommends selling Idea Cellular, PNB, Canara Bank, Union Bank of India, Bank of India and VIP Industries.
Ashwani Gujral of ashwanigujral.com is of the view that one may see more upside in Bharti Airtel.
Ashwani Gujral of ashwanigujral.com recommends buying Idea Cellular with a stop loss of Rs 96, target of Rs 108, a buy on MOIL India with a stop loss of Rs 258, target of Rs 273 and a buy on Torrent Power with a stop loss of Rs 278, target of Rs 293.
Ashwani Gujral of ashwanigujral.com recommends buying Idea Cellular, Welspun Corp and JM Financial.
Shares of Bharti Airtel rose 0.7 percent and was trading at Rs 500.85 per share while Idea Cellular added 0.36 percent, trading at 98.45 per scrip. However, Reliance Communications was trading at 3.67 percent lower while on the other hand Tata Communications rose 1.39 percent and was trading at 727.45 per share.
Sudarshan Sukhani of s2analytics.com is of the view that one can avoid HDFC Bank and can sell Capital First, Fortis Healthcare and Siemens and can buy Ambuja Cements and Bajaj Auto.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Idea Cellular and Reliance Industries and can sell Punjab National Bank, Reliance Infrastructure and Bank of Baroda.
Ashwani Gujral of ashwanigujral.com recommends buying Hitachi Home, Motilal Oswal, NBCC, Tata Chemicals and Petronet LNG.
Ashwani Gujral of ashwanigujral.com suggests buying Idea Cellular, Tata Chemicals and Reliance Capital.
Rahul Shah of Motilal Oswal recommends buying Tata Steel, Federal Bank and Idea Cellular.
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.
The Nifty on Friday hit a fresh record high of 10,179.15, backed by banks as the Bank Nifty added 1.53 percent, up 372.30 points. The charge was largely led by Bank of India, Kotak Mahindra Bank and Canara Bank which were up over 2 percent each.
Bank Nifty was the top performing sector which was up 1.32 percent led b y ICICI Bank and Bank of India while on the other hand, from the midcap space, Havells India added 2.28 percent while Power Finance Corporation was up over 3 percent.
Reliance Industries and Tata Steel hit new 52-week high while Bharti Airtel zoomed over 6 percent. Avenue Supermarts, Bharat Financial Inclusion, Dabur India, Havells India and JSPL were the other stocks which hit 52-week high in the Nifty.
Ashwani Gujral of ashwanigujral.com recommends selling Adani Enterprises, HCC and Idea Cellular.
Ashwani Gujral of ashwanigujral.com advises buying Oil India and Edelweiss Financial.
Prakash Gaba of prakashgaba.com feels more downside in Idea Cellular.
Ashwani Gujral of ashwanigujral.com suggests buying Yes Bank and Titan Company and feels that Motherson Sumi Systems is likely to test Rs 400-420.
In a landmark decision, the Telecom Regulatory Authority of India (TRAI) has slashed the interconnect usage charge or the IUC by more than half to 6 paise per minute from 14 paise per minute currently effective from October 1. In an interview to CNBC-TV18, Nitin Soni, Director - Asian Corporates at Fitch Ratings and Naveen Kulkarni, Co-Head of Research, PhillipCapital shared their views and readings on the same.