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 Hemant Thukral of Aditya Birla Money, one may buy Maruti Suzuki India on every dip with a target price of Rs 1840.
Manishi Raychaudhuri, managing director, Asian Equity Strategist, head of research at BNP Paribas Securities India has an overweight stance on auto sector.
Saurabh Mukherjea of Ambit Capital recommends keeping Bajaj Auto in the core portfolio.
Nooresh Merani of Analyse India suggests selling Amtek India and looking towards much stable stocks like Mahindra and Mahindra or Hero Motocorp.
Shrikant Chouhan of Kotak Securities suggests buying Zee Entertainment Enterprises with target of Rs 300-310 and selling Bajaj Auto with a target of Rs 1800-1770.
Basudeb Banerjee of Quant Broking is of the view that Hero Motocorp may slip to Rs 1850. However, he is confident with FY16 visibility Hero Motocorp definitely deserves a better rating.
Basudeb Banerjee of Quant Broking feels that Bajaj Auto may test Rs 2100.
Shardul Kulkarni of Angel Broking recommends selling Century Textiles and Industries with a target of Rs 245.
Shrikant Chouhan of Kotak Securities advises selling Bajaj Auto with a target of Rs 1900-1890 and buying Sesa Sterlite with a target of Rs 202.
Raising capex guidance for FY15 by its UK subsidiary Jaguar Land Rover has caused selling pressure in Tata Motors stock
According to Sudarshan Sukhani of s2analytics.com, one may buy Bajaj Auto as the stock may test lifetime new highs.
According to Dipan Mehta, Member of BSE & NSE, Hero Motocorp is looking attractive at these levels. "Hero Motocorp may do slightly better than Bajaj Auto going forward," he adds.
Deven Choksey, MD of KR Choksey Securities is of the view that Tata Motors and Bajaj Auto will continue to give 15-20 percent upside in next 12-15 months time.
According to Shardul Kulkarni of Angel Broking, one may buy Bajaj Auto at around Rs 1840.
Sudarshan Sukhani of s2analytics.com recommends selling Bajaj Auto as the stock is going to go through a deeper correction.
Harsha Upadhyaya, Head of Equities at Kotak Mutual Fund is overweight on IT, telecom and auto space.
Deven Choksey, MD of KR Choksey Shares suggests to prefer Maruti Suzuki, Tata Motors and Bajaj Auto within the auto space.
Ambrish Mishra of JM Financial has a positive view on Bajaj Auto.
Within two-wheelers, Ambrish Mishra still remains very positive on Bajaj Auto because of the kind of business model they have built over the years and that is why in terms of profitability, they still remain one of the most profitable two-wheeler players in the country.
Sudarshan Sukhani of s2analytics.com recommends buying Bajaj Auto.
Krish Subramanyam of Asit C Mehta Investment recommends buying Bajaj Auto 2050 Put with a target of Rs 40 and a stoploss at Rs 10.
Rajat Rajgarhia, Head-Research of Motilal Oswal Sec advises to prefer Bajaj Auto and Infosys. "Bajaj Auto will be a big beneficiary if currency remains at 60/USD plus. Their forwards would definitely have contracted at higher rates and exports are doing well for them," he adds.
Deven Choksey, MD at KR Choksey Shares and Securities is of the view that one can accumulate Bajaj Auto on correction.
Bhavin Desai of Motilal Oswal Securities is of the view that one may buy Bajaj Auto 2200 Call and sell 2300 Call.
Sudarshan Sukhani of s2analytics.com recommends buying Bajaj Auto on dips.