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
JM Financial feels Bharti Airtel may see lower impact of demonetisation as well as the ramp up of user base by Reliance Jio due to lower operating costs, rural exposure and non-mobile EBITDA, among others.
Sudarshan Sukhani of s2analytics.com suggests buying ACC, Bharat Forge, LIC Housing Finance and Voltas and advises selling Reliance Communications.
Market expert S P Tulsian of sptulsian.com is positive on stocks of housing finance companies some of which performed well on the bourses during the day. “If you want to have a positional view either as an investor or a trader, then DHFL, Indiabulls Housing and LIC Housing,†he advised.
Here are a few top buzzing stocks picked by CNBC-TV18's analysts in trade today -- Idea Cellular, Sun Pharma, DRL, Lupin, Aurobindo Pharma , Glenmark, Natco Pharma, Alkem Labs, Ajanta Pharma, Strides Shasun, Biocon, Cipla, Cyient, MMTC and Power Grid.
According to Ashwani Gujral of ashwanigujral.com, one may buy Edelweiss Financial, Oil and Natural Gas Corporation and UPL.
Bank of America Merrill Lynch downgraded Idea to underperform from neutral with target at Rs 69 per share. It expects sustained weakness in revenue led by slowing revenue growth as near-term earnings to be hit by demonetisation.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com says he has a positive bias on Bharat Financial stocks with eyes on quarter three numbers of the company. For oil marketing companies, his pecking order of preference is HPCL, BPCL and IOC.
Ashwani Gujral of ashwanigujral.com recommends selling Idea Cellular on rallies.
Sandeep Wagle of powermywealth.com is of the view that one can buy Arvind and Havells India and advises selling NIIT Technologies.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy HPCL and sell IRB Infrastructure and Idea Cellular.
Ashwani Gujral of ashwanigujral.com recommends selling Idea Cellular and Just Dial and buy NIIT Tech.
Mitesh Thacker of miteshthacker.com is of the view that one can buy Bharti Airtel and MRF and advises selling Biocon.
Reliance Jio had launched its commercial services on September 5 and had notched up 16 million users in the first month of its operation.
Morgan Stanley has overweight rating on Bharat Financial with target at Rs 1125 per share. It says share price will rise relative to the industry over the next 30 days. Collection efficiency has been progressively improving.
According to Mitesh Thacker of miteshthacker.com, one can buy Bharti Airtel and Idea Cellular and sell Marico.
Parag Thakkar of HDFC Securities positive on telecom sector.
According to Sudarshan Sukhani of s2analytics.com, one may UPL, Bajaj Finance and Reliance Industries.
JP Morgan has a neutral call on HUL with target at Rs 890 per share as volume growth rates will likely bottom in FY17. It says gradual recovery should be in place starting FY18.
Mitesh Thacker of miteshthacker.com feels that Bharti Airtel may move to Rs 339-340.
Mitesh Thacker of miteshthacker.com recommends buying ICICI Bank and Idea Cellular.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell M&M Financial Services and Idea Cellular and buy West Coast Paper.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Ashok Leyland and Britannia Industries and sell Idea Cellular.
Here are stocks that brokerage firms recommend for long term. Nomura maintains buy on Maruti with increased target price to Rs 6630 from Rs 5581 per share as its premiumisation strategy is paying off with rich dividends.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Syndicate Bank, Adani Ports and BPCL.
In an interview to CNBC-TV18 SP Tulsian of sptulsian.com shares why he prefers Apollo Hospitals to Fortis Healthcare. He also shares why he does not expect any improvement in performance of Jubilant Foodworks for at least another three to four quarters.