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
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his views on the fundamentals of the market as well as specific stocks and sectors.
As on March-end, 2017, Yes Bank had reported gross NPAs of Rs 2,018.6 crore as against RBI’s assessment of Rs 8,373.8 crore in the same period.
Yes Bank and United Spirits, among others, are being tracked by investors on Friday.
According to Rajat Bose of rajatkbose.com, one may book profits in Yes Bank.
Vijay Chopra of enochventures.com is of the view that one may look at PSU banking stocks.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell PNB and Kaveri Seed Company and can buy Coal India and Hexaware Technologies while one can hold Yes Bank and Vedanta.
Ashwani Gujral of ashwanigujral.com suggests buying NCC, Yes Bank and India Cements.
BPCL which gained 3.28 percent followed by HPCL were the top Nifty gainers while Indiabulls Housing Finance, Power Grid, HCL Tech and HDFC were the top Nifty losers.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell L&T Finance Holdings and Can Fin Homes and can buy VIP Industries.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Federal Bank, National Aluminium Company and Torrent Power and can sell Maruti Suzuki and Bank of Baroda.
According to Geojit Research, the top Diwali 2017 picks include names like Yes Bank, KNR Constructions, NBCC, Aurobindo Pharma, Tata Motors, JK Lakshmi Cement, Aarti Industries, Bharat Electronics and UPL.
Sandeep Wagle of powermywealth.com suggests selling Reliance Power and Yes Bank.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Power Grid and Balrampur Chini and can sell Yes Bank.
Bharat petroleum Corporation and Indiabulls Housing Finance which added over 2 percent each on the Nifty while a total of 142 stocks hit 52-week high in today's trade on the BSE Index.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Dabur India, Jindal Steel & Power, National Aluminium Company and Tata Consultancy Services and can sell Bank of Baroda.
Reliance Industries and Tata Steel hit new 52-week high while Bharti Airtel zoomed over 6 percent. Avenue Supermarts, Bharat Financial Inclusion, Dabur India, Havells India and JSPL were the other stocks which hit 52-week high in the Nifty.
The top loser in Nifty50 Index were Indiabulls Housing Finance followed by Bajaj Finance and State Bank of India while the stocks that hit new 52-week low on the Nifty were Amara Raja Batteries, Wockhardt and Reliance Communications.
VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities suggests buying TVS Motor, Tata Elxsi, Kotak Mahindra Bank, Yes Bank and IDFC Bank.
Ashwani Gujral of ashwanigujral.com advises buying Jubilant Foodworks, Future Consumer, Tata Chemicals and Raymond.
Shahina Mukadam, Independent Market Expert is of the view that one may stay invested in Yes Bank.
According to Rajat Bose of rajatkbose.com, one may hold Yes Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy HCL Technologies, Yes Bank and Jubilant Foodworks.
Ashwani Gujral of ashwanigujral.com feels that Kajaria Ceramics may test Rs 800-850.
BoAML has reiterated buy rating on Yes Bank and highlighted the bank as one of its top picks in the sector.
Coal India, Titan and GAIL, among others, are on the radar of investors on Tuesday.