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
Vishal Malkan of CMT advises selling HDFC Bank with a target of Rs 552-544 and Bank of India with a target of Rs 133-130.
Arvind may test Rs 67 on the downside, says Sudarshan Sukhani of s2analytics.com. "It may crack that and go lower as the stock is in deep correction," he adds.
Shahina Mukadam of Varun Capital recommends buying Titan Industries with a target of Rs 297 and advises selling Canara Bank.
Nooresh Merani of AMSEC Research advised buying Dabur India with a target price of Rs 166 and Tech Mahindra with a target price of Rs 1300.
Pankaj Jain of Sunteck Wealthmax recommends buying Jet Airways with a target of Rs 429 for the day and advises selling Bharat Forge as the stock may head lower to Rs 195.
Aashish Tater of Fortunewizard.com advised buying Jet Airways for a target price of Rs 416 and SpiceJet for a target price of Rs 26.15.
One can sell Federal Bank in the range of Rs 380 to Rs 385. Keep a stop loss above Rs 395 on closing basis. My initial target is around Rs 368 and next logical target is Rs 353 in next 10-15 trading sessions, says Rajeev Agarwal of dynamixresearch.in.
According to Vishal Malkan of malkansview.com, one may buy Housing Development and Infrastructure with targets of Rs 44.75 and advises to buy Arvind with a stop of Rs 75 for target of Rs 80.
Aashish Tater of FortuneWizard.com advised buying Firstsource Solutions with a target price of Rs 13.8 and Dena Bank with a target price of Rs 73.5.
One may go long on Suven Life Sciences with a target of Rs 25.50 and a stop loss at Rs 23.90, says Prakash Diwan of Altamount Capital Management.
Aashish Tater of Fortunewizard.com advises buying Siti with a target price of Rs 22 and Dena Bank with a target price of Rs 74.
Aashish Tater of fortunewizard.com advised going long on Jet Airways and short on Adani Power, Arvind and HDIL.
Aashish Tater, head of research at fortunewizard.com advised going short on Adani Power with a target price of Rs 50.5 and Arvind with a target price of Rs 81.
SP Tulsian of sptulsian.com advised selling JSW Steel with a target price of Rs 702 and selling Jaiprakash Associates with a target price of Rs 62.
Parag Doctor of Keynote Capital is bullish on Arvind and Bata India, while bearish on Indian Oil Corporation and Rural Electrification Corporation.
Sharmila Joshi of Peerless Securities is bullish on Arvind, Exide Industries, Reliance Communications and UCO Bank.
Sudarshan Sukhani of s2analytics.com is of the view that Arvind is a buy even on intraday consolidation. He feels the stock is going to see more upside.
VK Sharma, head of private broking & wealth management at HDFC Securities suggests buying Arvind Rs 90 call for target price of around Rs 4-5.
Sharmila Joshi of Peerless Securities advised buying Arvind with a target price of Rs 89 and Reliance Communications with a target price of Rs 121.
Vishal Kshatriya of Edelweiss recommends to go long in Godrej Industries at current market price with a target price of Rs 320 and Rs 325.
Monal Desai of Sunidhi Securities advises to buy Tata Motors below Rs 290. He said one could go short on Voltas for a target of Rs 82-83.
Sudarshan Sukhani of s2analytics.com advised selling Arvind. According to him, at Rs 77-76, the stock is on the verge of breaking down.
Sudarshan Sukhani of s2analytics.com is of the opinion that one can short Arvind.
In an interview to CNBC-TV18, Bhavin Shah of Equirus Securities picked stocks like Arvind and Hexaware. He sees Arvind going up about Rs 120 in 12 months.
In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Hemant Thukral of Aditya Birla Money give top pick for the day.