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
According to Vishal Malkan of malkansview.com, one may prefer Ashok Leyland, Tata Chemicals and Voltas.
Amit Khurana of Dolat Capital Market likes the four-wheeler space and feels that Maruti Suzuki is an obvious play in that space.
Dipan Mehta, Member at BSE & NSE is of the view that one may prefer Ashok Leyland and Maruti Suzuki from the auto space, Hero Motocorp and Bajaj Auto from the two-wheeler space and Motherson Sumi Systems and Bharat Forge from the auto ancillary space.
Ajay Bodke of Prabhudas Lilladher is of the view that Bharat Forge is a strong buy and prefers Maruti Suzuki with a medium term view.
Dipan Mehta, Member at BSE & NSE is of the view that one may prefer Ashok Leyland.
Neeraj Deewan of Quantum Securities recommends buying Ashok Leyland.
Anand Tandon, Market Expert is of the view that one may look at Ashok Leyland.
Sudarshan Sukhani of s2analytics.com recommends buying Ashok Leyland, Canara Bank and Tata Consultancy Services.
According to Sudarshan Sukhani of s2analytics.com, there are opportunities in Ashok Leyland and Maruti Suzuki.
Manoj Murlidharan of Religare Securities is of the view that one may buy Ashok Leyland.
Shahina Mukadam, Market Expert is of the view that one may prefer Maruti Suzuki in auto space and Lupin in the pharma space.
Amit Gupta of ICICIdirect is of the view that Ashok Leyland may test Rs 89-90 in 1-2 weeks.
Sudarshan Sukhani of s2analytics.com recommends buying Britannia Industries and feels that one may avoid Ashok Leyland.
Chandan Taparia of Anand Rathi Securities has a positive view on Ashok Leyland and recommends bull spread in the stock wherein one can buy 80 Call and sell 85 Call.
Sharmila Joshi of sharmilajoshi.com recommends buying Jindal Saw with a target of Rs 80.50 and advises selling Indian Overseas Bank with a target of Rs 34.50.
Shubham Agarwal of Motilal Oswal Securities expects Ashok Leyland to hit level of Rs 90 in a month's time.
Meghana V Malkan of malkansview.com advises selling Century Textiles with a target of Rs 678.
Sudarshan Sukhani of s2analytics.com recommends selling auto and metal stocks except for Maruti Suzuki.
Saurabh Mukherjea, CEO-Institutional Equities at Ambit Capital recommends buying Ashok Leyland.
Sudarshan Sukhani of s2analytics.com is of the view that Ashok Leyland is a buying opportunity on every dip.
Gautam Trivedi, MD & CEO of Religare Capital Markets is of the view that one may prefer Maruti Suzuki and Ashok Leyland.
Chandan Taparia of Anand Rathi Securities has a positive view on Ashok Leyland and recommends bull spread in the stock. "One may buy Tata Steel 270 Put," he adds.
Sameet Chavan of Angel Broking advises buying Rural Electrification Corporation with a target of Rs 310.
Hitesh Goel, senior analyst at Kotak Institutional Equities, gives his views on auto majors such as Tata Motors, Maruti and Ashok Leyland.
According to Chandan Taparia of Anand Rathi Securities, one can buy Ashok Leyland 75 Call.