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
Ashwani Gujral of ashwanigujral.com recommends buying Cipla with a stop loss of Rs 610, target of Rs 650, Bata India with a stop loss of Rs 854, target of Rs 870 and Jubilant Foodworks with a stop loss of Rs 1370, target of Rs 1420.
Friday’s move again brought the indices into the erstwhile trading range. Hence, sustaining above 10,700 kind of levels markets may once again remain sideways and volatile without any price damage.
Prakash Gaba of prakashgaba.com suggests buying Asian Paints with target at Rs 1300 and stop loss at Rs 1263 and Dewan Housing Finance with target at Rs 660 and stop loss at Rs 635.
With challenges on the macro front and increasing political headwinds faced by the BJP heading into the 2019 general elections, Prabhudas Lilladher believes traders are likely to remain cautious
“I do have a few substitutes to juice up the portfolio, if conditions change,” says Ayon Mukhopadhyay of IIFL Institutional Equities for UK and Europe
Mitessh Thakkar of mitesshthakkar.com is of the view that one may buy Bajaj Auto with a target of Rs 2980.
Prakash Gaba of prakashgaba.com advises buying ACC with a target at Rs 1400.
With 18.4 percent capital adequacy (tier-1 13.2 percent), the bank is well capitalised for 30 percent loan growth over FY’19-20. Our April 2019 target of Rs 407 is based on the two-stage dividend discount model.
Rajesh Agarwal of AUM Capital recommends buying RBL Bank with stop loss at Rs 514 and target at Rs 533, Larsen & Toubro with stop loss at Rs 1350 and target at Rs 1408 and Mahindra & Mahindra Financial Services with stop loss at Rs 485 and target at Rs 519.
The Nifty corrected nearly two percent for the week-ended May 18 and slipped below its crucial support placed at 10,600, suggesting further pain in the coming session.
Sudarshan Sukhani of s2analytics.com recommends buying RBL Bank with stop loss at Rs 512 and target at Rs 533 and Tata Chemicals with stop loss at Rs 760 and target at Rs 790.
Rajat Bose of rajatkbose.com recommends buying Sun Pharmaceutical Industries with s stop loss below Rs 522 for target at Rs 548, a buy in Cadila Healthcare with a stop loss below Rs 407 and target at Rs 427 and a sell in Dabur India with stop loss above Rs 372 for target at Rs 363.
"After this strong performance, we would not be surprised if it delivers 50 percent upside from current market price by FY19 end," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
Rajesh Agarwal of AUM Capital recommends buying Yes Bank with target at Rs 365 and stop loss at Rs 341, a buy on Tata Steel with target at Rs 589 and stop loss at Rs 569 and a buy also on Wockhardt with target at Rs 810 and stop loss at Rs 780.
"the stock is likely to head higher in the near to mid-term. Positional traders can buy the stock in the range of Rs 322-324 with a stop loss below Rs 302 (closing) for target of Rs 360," says Abhishek Mondal, Research Analyst at Guiness Securities.
"The Nifty50 has been making higher highs higher lows on a weekly scale, with support seen around 10,560 levels and then 10,485 levels which indicates a continuation of the uptrend is still intact," says Abhishek Mondal of Guiness Securities.
"In terms of valuation, the stock trades at a P/BV (x) of around 2.5x at estimated FY19 Book Value. We expect the bank to report decent earnings performance in FY19 as well," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
"We are expecting a sideways move in the counter; however upper side resistance comes at Rs 330 level while downside support comes at Rs 280 level," says Sumeet Bagadia, Associate Director, Research at choiceindia.com.
Here is a list of top three stocks which could give up to 11% return in the short term.
Hadrien Mendonca of IIFL recommends buying V-Guard Industries with target at Rs 276 and stop loss at Rs 232 and a buy also on Yes Bank with target at Rs 348 and stop loss at Rs 306.
"A break and close above Rs 320 would confirm the breakout post which we expect Yes Bank to rally towards its potential target of Rs 348 in the medium term," says Hadrien Mendonca, Senior Technical Analyst at IIFL.
The consolidation is likely to continue for next 3-4 months. In fact, the entire calendar year is expected to be tough.
Ashwani Gujral of ashwanigujral.com discusses with Anuj Singhal and Surabhi Upadhyay his analysis on the technical side of the market as well as specific stocks and sectors.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell JSPL and Hindalco Industries and can buy VIP Industries.
Sandeep Wagle of powermywealth.com is of the view that one can sell Yes Bank and can buy Titan Company.