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
Rajat Bose of rajatkbose.com is of the view that one can buy South Indian Bank, Ashok Leyland and Jindal Steel & Power while one may hold Escorts.
Mitessh Thakkar of miteshthacker.com suggests buying Infosys, Ashok Leyland, Adani Power and Thomas Cook.
According to Sandeep Wagle of powermywealth.com, one can buy Reliance Capital and Ashok Leyland and sell UPL.
Brokerage houses feel demand will be lower in certain segments, but improvement in cash situation could aid it in other segments.
JPMorgan has overweight rating on L&T, with a target price at Rs 1,670 as the brokerage house is optimistic about a pick-up in execution in the near-term.
Brokerage house foresees Maruti Suzuki outperforming the PV industry, driven by compact UVs and Baleno. However, two-wheelers could be under pressure as the rural economy is still gradually recovering from demonetisation impact.
According to Chandan Taparia of Motilal Oswal Securities, one can buy Ceat and Hero MotoCorp and sell Ashok Leyland.
Prakash Gaba of prakashgaba.com is of the view that Ashok Leyland may slide to Rs 90 and advises shorting Vedanta.
Ashwani Gujral of ashwanigujral.com recommends selling India Cements, Ashok Leyland and Havells India.
Sudarshan Sukhani of s2analytics.com suggests buying Bharti Airtel, Hindustan Unilever and Ashok Leyland.
According to Rajat Bose of rajatkbose.com, one can buy Just Dial and Ashok Leyland and advises selling ICICI Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Hexaware Technologies and Godrej Consumer Products and sell Engineers India and Tata Steel.
Ashwani Gujral of ashwanigujral.com suggests buying Tata Steel and Hindalco Industries on dips.
Rajat Bose of rajatkbose.com recommends selling India Cements and Ashok Leyland.
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy and Anuj Singhal, Prakash Diwan of Altamount Capital Management shared his reading and outlook on the market and also gave recommendations on various stocks.
Prakash Gaba of prakashgaba.com is of the view that Ashok Leyland can climb to Rs 98 while Tata Steel may test Rs 490.
Prakash Gaba of prakashgaba.com is of the view that Ashok Leyland looks good for target of Rs 98 while Hindustan Unilever looks weak.
Most analysts feel the Budget 2017 is likely to have a pro-poor focus. The market will watch for govt's FY18 fiscal deficit target, divestment plans, announcement on the taxation front among others. The market expects govt to relax its FY18 fiscal deficit target of 3 percent.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Ashok Leyland, IFCI and Balkrishna Industries.
Ashwani Gujral of ashwanigujral.com feels that Ashok Leyland may test Rs 110-115.
Watch the interview of Deven Choksey of KRChoksey Investment Managers with Latha Venkatesh, Anuj Singhal, & Sonia Shenoy on CNBC-TV18, in which he shared his readings and outlook on market and specific stocks.
Nomura maintains buy call on Maruti with target price increased to Rs 6922 from Rs 6576 per share. It has raised volume estimated by 6 percent/ 5 percent/ 4 percent for FY17/18/ 19 on lower demonetisation impact. It sees a strong volume CAGR of 13 percent over FY17-19.
Shahina Mukadam, Independent Market Expert is of the view that one may stay invested in Ashok Leyland.
According to Sandeep Wagle of powermywealth.com, one may hold Ashok Leyland.
Ashwani Gujral of ashwanigujral.com is of the view that Maruti Suzuki can hit all-time high of Rs 5970 and is one of the best auto stocks.