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
Shares in Wipro gain 2.4 percent to Rs 344.05 after Credit Suisse upgrades stock to 'outperform' from 'neutral' and raises target price to Rs 415 from Rs 385.
Pratish Krishnan of Antique Broking prefers TCS over other frontline IT companies after the recent set of Q2 numbers. However, he expects Infosys to catch up on revenue momentum going ahead.
After Reliance Industries declared its Q2 results, Sanju Verma of Violet Arch Capital Advisors expects the company's shared to remain rangbound in the near term adding that its performance is comforting on a sequential basis.
Stock analyst SP Tulsian of sptulsian.com explains to CNBC-TV18 that he is cautious of the IT sector as the quarterly results are expected to be dismal along with a weak Q3 guidance thanks to the appreciation in the rupee.
HSBC Securities and Capital Markets on Thursday downgraded Tata Consultancy Services and HCL Technologies to "neutral" from "overweight," and said IT stocks were likely to remain lacklusture through the second quarter results season as discretionary spending had stayed weak.
See lower levels in Wipro, says Jai Bala, cashthechaos.com. Even Infosys has come to correct resistance area of Rs 2550-2700 and that is the region where I expect this counter-trend rally to end.
TCS, Wipro and Ambuja Cement are top picks, says Sudarshan Sukhani, s2analytics.com.
Go long in ICICI Bank, says Sudarshan Sukhani of s2analytics.com.
On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Sanjeev Agarwal of Dynamix Research & Capital Management and Manav Chopra of Nirmal Bang, place their bets on two stocks each, thus offering investors a variety of options to choose from.
On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Sanjeev Agarwal of Dynamix Research & Capital Management and Manav Chopra of Nirmal Bang, place their bets on two stocks each, thus offering investors a variety of options to choose from.
Wipro is looking attractive, says Sudarshan Sukhani of s2analytics.com. It is now bottoming out after a significant decline.
Wipro is looking weak, says Anil Manghnani, Modern Shares & Stock Brokers. It has done a major retracement on a weakish setup at Rs 373. So with Rs 373
Go long in Wipro, says Sudarshan Sukhani of s2analytics.com. It‘s now just completed a consolidation and yesterday it broke out above it. So assuming that yesterday could have been a little exceptional or an aberration even then the charts is very clearly suggesting very good momentum on the upside.
Buying opportunity is seen in Tata Motors and Wipro, says Sudarshan Sukhani, s2analytics.com.
Aditya Agarwal of Way2Wealth is of the view that Wipro can touch Rs 385-390 on the higher side.
Wipro can touch Rs 390, says Hemant Thukral of Aditya Birla Money. Traders should keep a tight stoploss of around Rs 335-340 where it has formed a strong support base now. So I would be going long in Wipro for the September series.
HSBC upgraded Wipro to "overweight" from "neutral", saying the Indian software services exporter was "competing effectively" for large deals, and adding the company is well positioned to improve sales after its "extensive restructuring."
Tata Consultancy Services (TCS) has target of Rs 1370-1400, says Anil Manghnani, Modern Shares & Stock Brokers.
On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, Technical Analyst, manasjaiswal.com, Rajesh Jain, EVP Retail Research, Religare Sec and Rakesh Gandhi, Sr Technical Analyst, LKP, place their bets on two stocks each, thus offering investors a variety of options to choose from.
Sudarshan Sukhani, s2analytics.com view on Wipro, ITC, Idea Cellular.
On CNBC-TV18's show Super Six, market gurus Vishal Malkan of www.malkansview.com, Shardul Kulkarni of Angel Broking and Arunesh Madan, Founder and Director of Augment Investment, place their bets on two stocks each, thus offering investors a variety of options to choose from.
PN Vijay, Portfolio Manager, www.askpnvijay.com advice traders to remain cautious on IT sector. One can buy HCL Tech on dips.
Anil Manghnani, Modern Shares & Stock Brokers feels that below Rs 2200, Infosys may slip to Rs 2000.
More downside is likely to happen in IT space, says Sudarshan Sukhani, s2analytics.com.
Anand Tandon, CEO, JRG Securities shares his view on Wipro.