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
Brokerages recommend trading calls on four stocks, namely Bank of Baroda, Maruti, Bajaj Auto and Havells.
Sudarshan Sukhani of s2analytics.com recommends to buy Bajaj Auto.
According to Ambareesh Baliga, Managing Partner-Global Wealth Management of Edelweiss Financial Services, Bajaj Auto may go down further as the news flows have been quite adverse.
Manas Jaiswal of manasjaiswal.com recommends buying a Global Beverage at current levels with a stop loss of Rs 138 and advices to buy United Spirits at current levels with a stop loss of Rs 2,450.
Sudarshan Sukhani of s2analytics.com advises buying Bajaj Auto and Sun Pharma for next week.
One may go long in Godrej Industries on dip, says Sudarshan Sukhani of s2analytics.com.
One may buy Bajaj Auto as it has made a bullish head and shoulder, says Sudarshan Sukhani of s2analytics.com.
Gaurav Ratnaparkhi of Sharekhan says one can initiate fresh long position in HDIL with stop loss of Rs 34. Target will be Rs 38 and the timeframe will be three-four sessions, he adds.
Brokerages calls on BPCL, Jaypee Infra, Bajaj, Adani Power
Go short with Bajaj Auto as momemtum is down, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani of s2analytics.com says one should prefer Mahindra & Mahindra (M&M) in auto space, and avoid Bajaj Auto.
Sudarshan Sukhani of s2analytics.com says one should avoid Bajaj Auto. The stock has broken down, he adds.
Vishal Malkan of malkansview.com advised buying Dr Reddys Labs and TCS. Meanwhile, Gaurav Ratnaparkhi of Sharekhan recommended selling Reliance Power and Future Retail.
One can sell Bajaj Auto, says Sudarshan Sukhani of s2analytics.com. "The stock is breaking a minor support level. The chances are there is more downside coming," he adds.
According to Saurabh Mukherjea of Ambit Capital Tata Motors is attractively valued and would focus on the stock as a recovery play.
Sudarshan Sukhani of s2analytics.com is of the view that short term trader can short Bajaj Auto. "The decline that started yesterday is likely to accelerate or continue with momentum today. So it is a very nice short selling idea," he adds.
Vishal Kshatriya of Edelweiss is bullish on Zee Entertainment Enterprises and recommends going long in a range of Rs 234-235 with a target of Rs 255 and stop loss below Rs 228.
SP Tulsian of sptulsian.com is positive on Bajaj Auto and Hero MotoCorp. He advised holding the stock.
Sudarshan Sukhani of s2analytics.com advises to accumulate Bajaj Auto at lower levels.
Bajaj Auto may slip to Rs 1680 as the stock is looking weak at current levels, says Ashish Chaturmohta of Fortune Equity Brokers.
Manas Jaiswal of manasjaiswal.com has recommended a buy rating on Adani Power and Dena Bank.
SP Tulsian of sptulsian.com is of the view that one can buy Bajaj Auto at around Rs 1800.
One can hold Bajaj Auto, says Jagannadham Thununguntla, Strategist & Head of Research at SMC Global Securities Limited.
Rakesh Gandhi of FRR Shares is bullish on Ranbaxy Laboratories and recommended to buy around Rs 450 with a stop loss of Rs 430 and short-term target of Rs 470.
Shardul Kulkarni of Angel Broking advices sellin Bajaj Auto and DLF. Sell DLF May Futures in the range of Rs 231-233, place a stop loss at Rs 236.5 and trade bearish for a target of Rs 222 over the next three-five trading sessions.