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
Avinash Gorakshakar of Edelweiss Financial is of the view that one should buy Arvind Mills.
Arvind, Alok, Raymond and Bombay Dyeing can be good buying candidates on decent fall, says Devang Mehta, Vice President & Head - Equity Sales, Anand Rathi Financial Services.
Manoj Singla of Religare Capital Markets is positive on consumer durables stocks.
Anil Manghnani of Modern Shares & Stock Brokers is of the view that Arvind has target of Rs 93.
Phani Sekhar, Fund Manager, Angel Broking view on Arvind.
Jagdish Malkani, Member NSE/ BSE view on textile sector.
Kunal Sarawagi of Equityrush feels that investors should hold Arvind Mills.
Rahul Mohindar, viratechindia.com feels that, Rs 83 is a crucial level for Arvind.
PN Vijay, Portfolio Manager feels that there are other sectors to be contrarian and not textiles.
Hold Arvind, says Shardul Kulkarni, Sr. Technical Analyst, Angel Broking.
Rajen Shah, CIO of Angel Broking feels that Wendt India may see 100% upside in the next 12 months irrespective of which way the market goes.
Most of textile stock had investment plans on the drawing board already. A lot of these like Raymond and Arvind had already shaved off the excess baggage from the business models, says Rajesh Jain, Independent Market Strategist.
Arvind is a safe bet, says Rajesh Jain, Independent Market Strategist.
Prefer Arvind and Alok Industries in textile space, says Devang Mehta, Anand Rathi Financial Services.
Mitesh Thacker, Technical Analyst, miteshthacker.com is bearish on Alok Industries.
Book profits in Arvind, says Anil Manghnani of Modern Shares & Stock Brokers.
Hold Arvind, says Investment Advisor, SP Tulsian.