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
For investors holding telecom stocks would mean some more pain in these companies for some more time. Global brokerage firms have slashed earnings estimates of most of the telecom companies post the interconnect usage charges (IUC) cut by TRAI.
ICICI Pru, Voltas and Idea, among others are on the radar of investors on Friday.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy IGL and sell Union Bank and Idea Cellular.
Ashwani Gujral of ashwanigujral.com recommends selling Idea Cellular, Sun Pharma and Interglobe Aviation and advises buy Titan Company and UltraTech Cement.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Glenmark Pharma and Idea Cellular and buy Titan Company and prefers Maruti Suzuki over Amtek Auto.
Telecom stocks are in focus as the market fears that the Telecom Regulatory Authority of India (TRAI) is actively considering a proposal to phase out interconnect usage charge (IUC). Vodafone group CEO Vittorio Colao has written a letter to the department of telecom saying, "We are seriously alarmed to see reports that the regulator is considering a reduction in MTC at a time when the industry is facing such immense hardships. The existing rate of 14 paisa is already below cost". In an interview to CNBC-TV18, Naveen Kulkarni, Co-Head of Research at PhillipCapital shared his readings and outlook on the same.
Motilal Oswal expects Axis Bank to report 1.3-1.4 percent return on assets (ROA) and 16 percent return on equity (RoE).
Sudarshan Sukhani of s2analytics.com recommends buying Adani Ports, Ashok Leyland, Hindustan Petroleum Corporation and Bata India and advises shorting Idea Cellular.
In an interview to CNBC-TV18's Anuj Singhal and Surabhi Upadhyay, SP Tulsian of sptulsian.com shared his views and outlook on the fundamentals of the market and specific stocks.
ITC, ICICI Bank, Dr Reddy’s Labs and ONGC, among others, are on the radar of investors on Friday.
Ashwani Gujral of ashwanigujral.com recommends buying Apollo Tyres, Idea Cellular and Dewan Housing Finance.
Idea Cellular, HDFC Bank, and Info Edge, among others are on the radar of analysts on Tuesday.
Ashwani Gujral of ashwanigujralcom is of the view that one can buy Idea Cellular and Sun TV Network and advises buying Asian Paints.
Ashwani Gujral of ashwanigujral.com recommends buying HPCL, Divis Laboratories, SPARC, Capital First, Idea Cellular and Welspun Corp.
Ashwani Gujral of ashwanigujral.com advises buying Glenmark Pharma, Bajaj Finserv and Idea Cellular.
Ashwani Gujral of ashwanigujral.com suggests buying CESC, Sintex and Indiabulls Housing and advises selling Idea Cellular on rally.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Idea Cellular, GAIL India and Syngene.
Ambit added Dabur, Idea Cellular, Sundram Fasteners and remove ITC, Bharti Infratel and Endurance Technologies.
Sudarshan Sukhani of s2analytics.com suggests buying Mahindra and Mahindra, Infosys and HDFC and advises selling Cummins India and CESC.
According to Prakash Gaba of prakashgaba.com, support for Nifty is at 9600 and the Index has resistance at 9724 while Bank Nifty has support at 23350 and resistance at 23650.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Ceat with a target of Rs 1885.
Rakesh Bansal of RK Global is of the view that one may buy NHPC with a target of Rs 35.
Gaurav Bissa of LKP Securities advises buying Idea Cellular and Jet Airways.
Marico, Bata India, Idea Cellular and ITC, among others, are being tracked by analysts today.
Prakash Gaba of prakashgaba.com advises buying Idea Cellular.