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
We have a buy recommendation for Wipro which is currently trading at Rs. 313.5, says Dinesh Rohira of 5nance.com.
We advise to remain selective on the stock with strict stop loss and expect the Nifty index to trade at 11670 levels on upside and 11420 levels on the downside on weekly basis, says Dinesh Rohira of 5nance.com.
We recommend buying the stock at CMP for the target of Rs 335 and keeping a stop loss below Rs 295 on a closing basis, says Vinay Rajani of HDFC Securities.
Rajesh Agarwal of AUM Capital recommends buying CESC with stop loss at Rs 998 and target of Rs 1035, Kajaria Ceramics with stop loss at Rs 467 and target of Rs 482 and Wipro with stop loss at Rs 300 and target of Rs 320.
A close above 10,930 has confirmed a breakout. If the same unfolds the way it should, then the Nifty is likely to rally another 300 points. This would help it break past its previous all-time highs.
Ashwani Gujral of ashwanigujral.com suggests buying Bajaj Finserv with a stop loss of Rs 6200, target of Rs 6450 and Larsen & Toubro with a stop loss of Rs 1285, target of Rs 1340.
Rajesh Agarwal of AUM Capital recommends buying Century Enka with stop loss at Rs 259 and target of Rs 272, Marico with stop loss at Rs 343 and target of Rs 360 and Bajaj Finance with stop loss at Rs 2390 and target of Rs 2450.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Asian Paints with a stop loss of Rs 1273 and target of Rs 1330, Wipro with a stop loss of Rs 255 and target of Rs 270 and sell Grasim Industries with a stop loss of Rs 1001.50 and target of Rs 960.
Some strong pullback rally is expected from the current level. We have a buy on the stock with target of RS 287 per share, says Shabbir Kayyumi of Narnolia Financial Advisors.
“We expect the Nifty to trend sideways for the next few trading session. On the flip side, the index has to close below 10,550 to change this sideways movement thesis,” says Shabbir Kayyumi of Narnolia Financial Advisors
Shares of Maruti Suzuki rallied over 1,000 percent, followed by HDFC Bank (766 percent), TCS (713 percent), and M&M (540 percent) in the last 10 years.
"We recommend selling Wipro for the downside target of Rs 245, and keeping a stop loss above Rs 280," says Vinay Rajani, Technical Analyst, PCG Desk at HDFC Securities.
Rajesh Agarwal of AUM Capital recommends buying Bharat Petroleum Corporation with stop loss at Rs 380 and target at Rs 410, a buy in AU Small Finance Bank with stop loss at Rs 690 and target at Rs 723 and a buy also in Infosys with stop loss at Rs 1162 and target at Rs 1206.
Considering the technical and derivative evidence discussed above, we believe that the trend of the Nifty has turned bearish for the short term.
The company has been a laggard in terms of performance as compared to its peer. The management expects softness in one or two verticals, says Akash Jain of Ajcon Global Services.
Prakash Gaba of prakashgaba.com recommends buying Hindustan Unilever with target at Rs1480 and stop loss at Rs 1452 and Tata Global Beverage with target at Rs 295 and stop loss at Rs 286.
“Nifty breaking out cluster of resistances placed around 10,570 to 10,600 is unlikely as of now” says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management Ltd.
"There has been a sharp upside bounce in Nifty in the last three weeks, but this is going to be a temporary trading bounce"
Tata Motors, Wipro and Adani Ports, among others, are being tracked by analysts on Tuesday.
"We remain conservative on its overall performance compared to its peers, which have grown at a substantial rate while improving their profitability despite seasonal headwinds. We expect upside potential of 15 percent with target of Rs. 325 for FY19," says Sumit Bilgaiyan, Founder of Equity99.
Mid-tier companies are expected to report 2-3% constant currency revenue growth sequentially despite seasonal weakness
Here is the list of 12 top stocks that can give upto 47% return over 12-15 months period.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Wipro, Divis Labs, HDFC Bank, Bajaj Finserv and LIC Housing and can sell Cummins India and Engineers India.
Century Ply, Wipro and FMCG space, among others, are being tracked by investors on Thursday.