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
Tata Sons, the holding company of the Tata Group is selling a small stake in its crown jewel Tata Consultancy Services (TCS). This will help Tata Sons raise around Rs 8,000 crore, which it can then use to invest in other group companies. In an interview with CNBC-TV18, Ravi Menon, Analyst-IT Services at Elara shared his views and outlook on the same.
Mitessh Thakkar of miteshthacker.com recommends buying Castrol India with a stop loss of Rs 203.50 and target of Rs 214 and Cholamandalam Investment with a stop loss of Rs 1427 and target of Rs 1485.
"The association of Indian IT companies are expecting a strong growth in the fiscal year 2019 as most of the companies are able to adapt to the new age digital technologies and are also strengthening in the automation segments which could make the space as one of the strong sectors for the year 2018," JK Jain, Head of Equity Research at Karvy Stock Broking told Moneycontrol.
Kotak Mahindra Bank, RIL and HDFC Bank, among others, are being tracked by investors on Monday.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Wipro.
IDFC has also initiated coverage with Outperformer call on Tech Mahindra and Mindtree, and set a target price at Rs 610 and Rs 650, respectively.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Divis Lab with a target of Rs 1165.
Kotak said pressure on market share especially in vendor consolidation decision is a concern.
Mitessh Thakkar of mitesshthakkar.com advises buying ONGC and Wipro.
Mitessh Thakkar of miteshthacker.com suggests buying Wipro, Colgate Palmolive, NCC and PVR.
Mitessh Thakkar of miteshthacker.com recommends to accumulate NCC on the long side.
New CEO (for Infosys) will take some amount of transition time to go through. There could be a change in vision. We have to wait and watch as to how the new strategy by the new CEO is executed in the medium-term to long-term, Karan Taurani of Dolat Capital said.
Mitessh Thakkar of miteshthacker.com suggests buying Wipro and NHPC.
Ashwani Gujral of ashwanigujral.com recommends buying Heritage Foods, NBCC, Hexaware Technologies, BPCL, Wipro, Amara Raja Batteries and Shriram Transport Finance.
Prakash Diwan of Altamount Capital Management is of the view that one may prefer TCS, Sonata Software and Tech Mahindra.
Amit Gupta of ICICIdirect recommends buying Wipro, Mindtree and Kajaria Ceramics.
Gaurav Bissa, Derivatives Analyst at LKP Securities is of the view that one can buy Wipro and sell Bharat Petroleum Corporation.
The disruptive impact of GST is visible but corporate honchos are hopeful of a rural recovery and consumption revival during the festive season.
Axis Bank and Wipro, among others, are being tracked by investors on Wednesday.
According to Sandeep Wagle of powermywealth.com, one may stay invested in Wipro.
Nomura said it has reduce rating on Wipro with a target price of Rs 220 per share as past buyback trends suggest a fall-off is likely.
ITC, Ipca Labs and consumer staples, among others, are being tracked by investors on Thursday.
The momentum indicator suggests a bearish sentiment among market participants with RSI at 47 slipping below its threshold.
Goldman Sachs expects stable pricing trends with neutral ratings on TCS and Infosys while it has downgraded Wipro from neutral to sell.
TCS, Infosys, Wipro and among others being tracked by investors on Monday.