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
SP Tulsian of sptulsian.com tells CNBC-TV18 why he is positive on only select information technology stocks and why his take on Trident as trouble brewing for its competitor Welspun might mean more business for the company.
Mitesh Thacker of miteshthacker.com recommends buying LIC Housing Finance, M&M Financial Services, NMDC and Amara Raja Batteries and advises selling Wipro.
Mitesh Thacker of miteshthacker.com is of the view that one can buy Cipla and sell Wipro and GAIL India.
Mitesh Thacker of miteshthacker.com is of the view that one can go long in private banks and short PSU banks and advises shorting IFCI.
Mitesh Thacker of miteshthacker.com is of the view that one can buy HCL Tech on declines and likes Apollo Hospitals.
HCL Technologies posted good Q1 (FY17) numbers. SP Tulsian of sptulsian.com said that although positive bias can be seen building up for guidance, one shouldn't take a call on a company on its quarterly performance. From technology pack, he prefers Infosys followed by HCL Technologies.
According to Mitesh Thacker of miteshthacker.com, one can buy Wipro and sell Reliance Industries.
Earnings estimates have come off for the sector, particularly after the recent spate of poor results and guidance cuts, however P/E multiples have derated too, and the sector's P/E premium is now at five-year lows, says Credit Suisse
In an interview to CNBC-TV18 Mayuresh Joshi of Angel Broking shared his reading and outlook on the market as well as on various stocks and sectors.
Shahina Mukadam, Independent Market Expert is of the view that one may avoid IT stocks.
Bank of America Merill Lynch stays neutral on Wipro due to lack of triggers but thinks valuation will support. It has cut FY17-18 earnings per shat (EPS) by 4-5 percent and lowered target to Rs 540 per share.
Sharmila Joshi of sharmilajoshi.com is of the view that one may prefer Tata Consultancy Services over Wipro.
Prakash Gaba of prakashgaba.com advises buying Wipro at around Rs 480-500.
Bank of America Merrill Lynch feels that Brexit may create recession risks that could hurt IT demand further hurting 10-14 percent revenue growth for the UK businesses of the Indian IT companies in FY17.
Sandeep Wagle of powermywealth.com is of the view that one may hold Wipro.
Gaurang Shah of Geojit BNP Paribas is of the view that one may stay invested in Wipro.
Prakash Gaba, Technical Analyst at prakashgaba.com is of the view that Bank of India may test Rs 97 while Canara Bank may hit Rs 210.
Sahil Kapoor of Edelweiss Broking recommends buying Indian Hotels and Kotak Mahindra Bank and advises selling HCL Tech on rise.
Sudarshan Sukhani of s2analytics.com recommends buying Wipro.
Krish Subramanyam, Co-Head, Equity Advisory at Altamount Capital recommends buying Reliance Infra June futures and also sell 560 Call.
VK Sharma of HDFC Securities recommends buying Wipro 540 Call and TCS 2550 Call and advises buying 720 Put in Bharat Forge and 960 Put in Ceat.
Sudarshan Sukhani of s2analytics.com recommends selling Union Bank and Wipro.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy KPIT Tech, Divis Lab, Punjab National Bank and Bank of Baroda.
Sandip Agarwal of Edelweiss Securities suggests holding Tata Consultancy Services.
Watch the interview of SP Tulsian of sptulsian.com with Latha Venkatesh and Sonia Shenoy on CNBC-TV18, in which he shared his reading and outlook on the fundamentals of the market, specific stocks and sectors.