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
The Indian equity market is expected to remain largely volatile on a rangebound level ahead of F&O expiry coupled with interim-budget which is due on 1st February.
Mitessh Thakkar of mitesshthakkar.com recommends buying Amara Raja Batteries with stop loss of Rs 770 and target of Rs 805, Dr Reddy's Labs with a stop loss of Rs 2619 and target of Rs 2700 and Wipro with a stop loss below Rs 340 for target of Rs 360.
Here are the top 10 stocks from brokerages which could give up to 60 percent returns
Volatility is likely to increase further as we approach Interim Budget, suggest experts and investors should be prepared for sudden movements on either side
Momentum indicators are suggesting that upward movement is likely to continue. Thus, the stock can be bought at CMP and on any dip till Rs 325 for medium-term gain.
Jefferies has raised Wipro's EPS estimates over FY19-21 by 5-7% to reflect better margins
The stock has given multiyear horizontal line break out which is extremely bullish on its nature. We are recommending a buy in staggered manner for medium to long term, says Sumit Bilgaiyan of Equity99.
Sudarshan Sukhani of s2analytics.com recommends buying Bata India with stop loss at Rs 1145 and target of Rs 1170, Berger Paints with stop loss at Rs 322 and target of Rs 331 and HCL Tech with stop loss at Rs 955 and target of Rs 980.
2019 is unlikely to be a good year for IT names as analysts are predicting slower global growth, especially in US and Europe
Elara said NBFCs are expected to bear the brunt of tightening liquidity, down 18.6 percent YoY, whereas banks would benefit, up 69 percent YoY, due to improving credit deposit ratios and improvement in pricing power, given the stress in the NBFC space.
Mitessh Thakkar of mitesshthakkar.com recommends buying Wipro with a stop loss of Rs 332 and target of Rs 356, Capital First with a stop loss of Rs 534 and target of Rs 570 and Ujjivan Financial Services around Rs 240 with stop loss of Rs 234 for target of Rs 255.
One can buy the scrip around Rs 325 with the stop loss of Rs 309 for the target of Rs 355, says Shabbir Kayyumi of Narnolia Financial Advisors.
Bank Nifty has a clearer long bias on the chart than Nifty, so trader looking for a long opportunity should prefer Bank Nifty, says Shabbir Kayyumi of Narnolia Financial Advisors
Markets seem to have bottomed out for the short term. The upside targets for the Nifty are seen at 10,380 and 10,600
Amid global and domestic headwinds, the market is likely to remain volatile and investors should use the current fall to build a portfolio for the next 2-3 years, suggest experts.
Rajesh Agarwal of AUM Capital recommends selling Wipro with stop loss at Rs 315 and target of Rs 300 and Interglobe Aviation with stop loss at Rs 847 and target of Rs 780.
Going ahead, expect the index to undergo some time-correction for a while, but the range would be slightly wider. It's advisable to keep booking existing shorts and ideally adopt a stock-centric approach.
One can initiate long positions in the range of Rs 318-321 levels for the upside target of Rs 345-350 levels and a stop loss below Rs 300.
Traders can accumulate the stock in the range of Rs 320-326 for the target of Rs 349 and a stop loss below Rs 308.
The Nifty is likely to consolidate within the range of 10,700 and 10,200. A decisive breakout on either side will confirm the future trend.
Indian markets are in the midst of a correction which is likely to extend further, according to experts and hence, there will be plenty of opportunities for investors to enter into quality stocks on declines
Mitessh Thakkar of mitesshthakkar.com suggests selling Coal India with a stop loss of Rs 271 and target of Rs 255 and advises buying Havells India around Rs 585, with stop loss of Rs 572 for target of Rs 612.
Our strategy should be to hide ourselves in the defensive sector till the Nifty does not cross the all-time high level of 11,770.
The rupee corrected more than 13 percent year-to-date and around 5.5 percent in last one month.
The S&P BSE Sensex lost 256 points while the Nifty50 ended 0.78 percent lower for the week ended 7 September.