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
According to Hemen Kapadia of KR Choksey Securities, one may buy Asian Paints with a target of Rs 496.
Rajeev Agarwal of dynamixresearch.com suggests selling Asian Paints with a target of Rs 455-435 and HDFC Bank with a target of Rs 630-605.
Hemen Kapadia of KR Choksey Securities advises selling Bank of India with a target of Rs 222 and suggests buying Asian Paints with a target of Rs 486.
Amit Khurana, Co- Head Equities & Head of Research at Dolat Capital Market is of the view that one may prefer Berger Paints and Asian Paints.
Sanjay Singh, Director at Standard Chartered is of the view that Asian Paints may slip to Rs 430-440. "From a one-year perspective we see some more downside," he adds.
Meharaboon Irani, Nirmal Bang Securities thinks one should remain invested in the IT space. He also suggesting picking up stocks like Hindustan Zinc, Emami but is wary of banking space for the next two quarters
Varun Lohchab, Regional Head of Consumer at CIMB Equities has maintained its reduce rating on Asian Paints with a target price of Rs 475.
Mehraboon Irani of Nirmal Bang Securities is of the view that one may avoid Asian Paints.
Top 10 stocks that CNBC-TV18 team has picked to be on your radar - Hindustan Zinc and Sesa Sterlite, Asian Paints, Emami, Tata Power, Federal Bank, Aurobindo Pharma, Tata Steel, Siticable and Reliance Communications.
Jigar Shah, Senior VP & HoR at Kim Eng Sec advises buying paint stocks on correction.
According to Pritesh Mehta of IIFL, one may buy Federal Bank with a target of Rs 86 and Housing Development Finance Corporation (HDFC) with a target of Rs 870.
According to Shrikant Chouhan of Kotak Securities, one may sell Jaiprakash Associates with a target of Rs 43-44 and buy Bajaj Auto with a target of Rs 1960.
Mayuresh Joshi of Angel Broking is of the view that one may pick Tata Global Beverage with a target of Rs 164.
Pritesh Mehta of IIFL is of the view that Asian Paints may test Rs 520 in the next few trading sessions.
According to Shardul Kulkarni of Angel Broking, one may buy Asian Paints as the stock may touch Rs 530-535 over the next 8-10 trading sessions.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Asian Paints.
Gaurav Ratnaparkhi of Sharekhan suggests selling Tata Motors with a target of Rs 362 and Wipro with a target of Rs 532.
Rajat Bose of rajatkbose.com advises buying Asian Paints with a target of Rs 540.
According to Mayuresh Joshi of Angel Broking, one may enter Asian Paints at around Rs 460-470 with a long term view.
According to Vishal Malkan of CMT, one may buy Century Textiles with a target of Rs 328-334 and Siemens with a target of Rs 675-695.
Vishal Malkan, CMT advises buying CESC with a target of Rs 472-480 and Wipro with a target of Rs 570-580.
Aditya Agarwal of Way2Wealth suggests buying Asian Paints with a target of Rs 505-515 and Infosys with a target of Rs 3590.
SP Tulsian of sptulsian.com advises to prefer FMCG stocks like Godrej Industries, GlaxoSmithKline Consumer Healthcare, Asian Paints, Dabur India and Tata Global Beverage.
Abhijit Paul of Alphative Advisors is of the view that Asian Piants may test Rs 495-500.
Ashish Chugh picks two hidden gems(stocks) from the beverage sapce - JayShree Tea, Tata Global Beverage.