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
Hence every expert on the street advised buying quality stocks in a gradual manner instead of bulk purchases and waiting for the market bottom which no one has found yet in the history.
Prakash Gaba of prakashgaba.com recommends buying Asian Paints with target at Rs 1880 and stop loss at Rs 1830 and Axis Bank with target at Rs 750 and stop loss at Rs 730.
Mitesh Thakkar of miteshthakkar.com recommends buying State Bank of India with a stop loss of Rs 320 and target of Rs 335 and Ambuja Cements with a stop loss of Rs 207.5 and target of Rs 222.
According to Nomura, the overhang of whistleblower allegations is now behind and will prefer Infosys to TCS on valuations basis
Mitesh Thakkar of miteshthakkar.com recommends buying HDFC Bank with a stop loss below Rs 1282 for target of Rs 1340 and Maruti Suzuki with a stop loss of Rs 7290 for target of Rs 7500.
Sudarshan Sukhani of s2analytics.com recommends buying Bata India with stop loss at Rs 1660 and target of Rs 1750 and Wipro with stop loss at Rs 246 and target of Rs 259.
Sudarshan Sukhani of s2analytics.com advises buying Asian Paint with stop loss at Rs 1,760 and target of Rs 1,820.
Prakash Gaba of prakashgaba.com recommends buying Cadila Healthcare with target at Rs 270 and stop loss at Rs 260 and Kotak Mahindra Bank with target at Rs 1675 and stop loss at Rs 1640.
Sudarshan Sukhani of s2analytics.com recommends buying Exide Industries with stop loss at Rs 188 and target of Rs 201, HDFC with stop loss at Rs 2150 and target of Rs 2400 and Jindal Steel & Power with stop loss at Rs 141 and target of Rs 152.
Sudarshan Sukhani of s2analytics.com suggets selling United Breweries with stop loss at Rs 1,305 and target of Rs 1,272.
FII remained net buyers in the last week as they bought equities worth Rs 3213.17 crore, while Domestic Institutional Investors (DII) also bought equities worth of Rs 2184.81 crore.
Japanese brokerage firm Nomura has maintained its reduce call on the stock with a target price at Rs 235 per share as it expects growth to continue to lag peers.
The golden rule of investment is to pour money in stocks that are trading at attractive levels compared to their intrinsic value, thus allowing investors to create wealth over a period of time
Any move below strong support zone of 11,300-11,350 will trigger a move towards 11,100 where 200 DMA and line of parity is placed
But, comparatively, more companies have seen an EPS downgrade than an upgrade
While a majority of the sectoral indices have formed bearish price patterns last week, the stocks in the IT sector seem to say a different story
Both TCS and Infosys hold 27 percent each in the index weight and they are likely to take leadership alternatively to help index inch up
We continue to remain focused on selective opportunities only for long-position with favourable earnings, and expect a rangebound target on a weekly basis at 11800 levels on upside and 11480 levels on the downside.
Seema Aggarwal bought 94,000 shares of GSS Infotech at Rs 115.99 per share and Jhaveri Trading and Investment purchased 85,000 shares of Lambodhara Textiles at Rs 52.56 per share on NSE.
CLSA said strong growth in US is positive for most firms, but more for Infosys & Cognizant while strong growth in CMT is positive for Tech Mahindra, Wipro & HCL Technologies
Sudarshan Sukhani of s2analytics.com recommends buying Buy HCL Tech with stop loss at Rs 1050 and target of Rs 1070, Larsen & Toubro with stop loss at Rs 1265 and target of Rs 1290 and Reliance Industries with stop loss at Rs 1220 and target of Rs 1255.
CLSA expects NASSCOM, the trade association of Indian IT-BPM industry, to guide for 8-10 percent growth for the industry in FY20
Mitessh Thakkar of mitesshthakkar.com recommends selling UltraTech Cement with a stop loss of Rs 3525 and target of Rs 3300, Hindalco Industries with a stop loss of Rs 204.25 and target of Rs 190 and Indian Bank with a stop loss of Rs 214 and target of Rs 191.
We recommend buying the stock between CMP and Rs 340 for the target of Rs 390 and keep a stop loss at Rs 335 on a closing basis.
The index witnessed a bearish candle on the weekly charts and going forward it would be difficult for the index to surpass 11000 levels convincingly in a hurry.