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, Dipan Mehta, Member of BSE & NSE shared his readings and outlook on specific stocks and sector.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Capital, Ajanta Pharma and Simplex Infra.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Ajanta Pharma and Ceat while one can buy Bata India.
Sudarshan Sukhani of s2analytics.com suggests buying Torrent Power, Indraprastha Gas, Bata India and Hindustan Unilever and feels that one may avoid Asian Paints and Ajanta Pharma.
Here are a few top buzzing stocks picked by CNBC-TV18's analysts in trade today -- Idea Cellular, Sun Pharma, DRL, Lupin, Aurobindo Pharma , Glenmark, Natco Pharma, Alkem Labs, Ajanta Pharma, Strides Shasun, Biocon, Cipla, Cyient, MMTC and Power Grid.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Titan Company, Reliance Industries and India Cements and short Ajanta Pharma.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Engineers India and Power Finance Corporation and sell Ajanta Pharma.
Mitesh Thacker of miteshthacker.com is of the view that one can sell Ajanta Pharma, JSW Steel and UltraTech Cement and buy J Kumar Infra and Tamil Nadu Newsprint and Papers.
According to Mitesh Thacker of miteshthacker.com, one can sell Ajanta Pharma and Pidilite Industries.
Sudarshan Sukhani of s2analytics.com is of the view that one can short Just Dial and buy Ajanta Pharma.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Asian Paints and BPCL and buy Ajanta Pharma.
Prakash Gaba of prakashgaba.com is of the view that Ajanta Pharma can climb to Rs 1810 while Bajaj Auto can test Rs 2640.
According to Prakash Gaba of prakashgaba.com, Ajanta Pharma and Allahabad Bank are looking weak.
Ashwani Gujral of ashwanigujral.com recommends buying Petronet LNG and sell Ajanta Pharma and Ambuja Cements.
Mitesh Thacker of miteshthacker.com is of the view that one can sell Ajanta Pharma and Amara Raja Batteries and buy Bharat Forge.
Mitesh Thacker of miteshthacker.com is of the view that one can sell PFC, Britannia Industries, Pidilite Industries and Ajanta Pharma and buy GAIL India.
Sumeet Jain of Destimoney Securities is of the view that one may buy Hexaware Technologies with a target of Rs 211.50.
Chandan Taparia, Derivative & Technical Analyst at Anand Rathi Securities is of the view that one can buy Mahindra and Mahindra, Dabur India and Zee Entertainment and sell Ajanta Pharma and Syndicate Bank.
According to Mitesh Thacker of miteshthacker.com, one can sell Ajanta Pharma and buy Container Corporation.
Ashwani Gujral of ashwanigujral.com is of the view that one can look at Biocon while Ajanta Pharma can give 25-30 percent return.
Rakesh Bansal of RK Global is of the view that one may sell Biocon with a target of Rs 832.
Ashwani Gujral of ashwanigujral.com recommends selling Ajanta Pharma and DHFL and advises buying Hindustan Unilever.
Mitesh Thacker of miteshthacker.com advises buying Kotak Mahindra Bank, Ajanta Pharma and suggest selling Eicher Motors.
Mitesh Thacker of miteshthacker.com recommends buying Ajanta Pharma and NCC.
Sandeep Wagle of powermywealth.com is of the view that one can buy NMDC and Ajanta Pharma and sell Wipro.