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
Jay Thakkar of Sharekhan advises buying Bliss GVS Pharma with a target of Rs 187.
According to Prakash Gaba of prakashgaba.com, Nifty has support at 9350-9312 and resistance at 9500 while Bank Nifty has support at 22450-22400 and resistance at 22800.
Prakash Gaba of prakashgaba.com likes Ajanta Pharma and Jet Airways and feels that Tata Steel may test Rs 480.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Equitas Holdings and Ajanta Pharma and can buy Ambuja Cements 270 Call.
Manoj Murlidharan of Religare Securities is of the view that Lupin is an excellent buy and likes Ajanta Pharma.
Rajesh Agarwal of AUM Capital suggests holding on to ICICI Bank and advises buying Ajanta Pharma on dips.
Sandeep Wagle of powermywealth.com recommends buying ICICI Bank and prefers Ajanta Pharma from the pharma space.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy BEML and Motherson Sumi Systems and short United Spirits and Ajanta Pharma.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can sell Ajanta Pharma and can buy Castrol India, Tata Elxsi, GMDC and HCC.
Mitessh Thakkar of miteshthacker.com recommends buying Eveready Industries and Ajanta Pharma.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Transformers and Rectifiers India and Ajanta Pharma while can sell Vedanta.
While the Nifty may remain on a consolidation path, stock-specific movements could be the flavour of the week. Here is a list of top five stocks to track based on technical parameters.
According to Rajat Bose of rajatkbose.com, one may exit Ajanta Pharma if it goes below Rs 1700.
According to Sharmila Joshi of sharmilajoshi.com, one may hold Ajanta Pharma.
As much as 85 stocks are trading above their 5-year average price and out of that 15 stocks more than doubled from their average price recorded in the last five years.
Vijay Chopra of enochventures.com advises buying Reliance Capital with a target of Rs 625.
Vijay Chopra of enochventures.com advises buying Apollo Tyre with a target of Rs 21.
Ashwani Gujral of ashwanigujral.com recommends buying IndusInd Bank, Ajanta Pharma and IFCI.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Reliance Industries at lower levels and prefers pharma.
Ashwani Gujral of ashwanigujral.com is of the view that Ajanta Pharma can head to Rs 1950 and prefers Jubilant Life Sciences from the pharma space and feels that one can look at Ceat and MRF from the tyre space.
Rajat Bose of rajatkbose.com recommends buying Ajanta Pharma and IndusInd Bank.
Mitessh Thakkar of miteshthacker.com suggests buying Ceat, Cipla, Siemens, Ajanta Pharma and Ipca Labs.
CLSA has retained its buy call on Phoenix Mills, with reduced target price at Rs 460 from Rs 479. It says company's lease income growth at malls is at 6-7-quarter high despite demonetisation. Capex strategy may enable low strain capex, it feels.
Mitessh Thakkar of miteshthacker.com suggests selling Ajanta Pharma and Engineers India.