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
As many as 20-30 bluechip names are trading almost 50 percent discount to their 5 year average of price to earnings multiple and can be considered attractive for investment purpose.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy ITC and Bajaj Auto and can sell Hindustan Petroleum Corporation.
Morgan Stanley has upgraded Ashok Leyland to Overweight from equal-weight and raised target price to Rs 151 from Rs 101.30 per share.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bajaj Auto and Biocon and can sell Canara Bank and Chennai Petro.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Ambuja Cements and Bharat Electronics and can buy Bharat Financial Inclusion and Bajaj Auto.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell NTPC and Bharti Infratel and can buy Tata Steel, Sun TV and Sun Pharmaceutical Industries.
VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities recommends buying RIL, IndusInd Bank, Tata Steel, Bajaj Auto and Bata India.
Sandeep Wagle of powermywealth.com recommends buying Bajaj Auto and Zee Entertainment.
Ashwani Gujral of ashwanigujral.com recommends buying Escorts and Mphasis.
Ashwani Gujral of ashwanigujral.com recommends buying UltraTech Cement, Maruti Suzuki, PVR, Havells India and Indraprastha Gas.
Prakash Gaba of prakashgaba.com is of the veiw that Bajaj Auto can climb to Rs 3230 while Larsen & Toubro may test Rs 1355.
Motilal Oswal prefers 4-wheelers over 2-wheelers & commercial vehicles due to strong volume growth & stable competitive environment.
Yogesh Mehta, Vice President-Equity Advisory at MOSL is of the view that one may buy Bajaj Auto and Maruti Suzuki on dips.
Rajat Bose of rajatkbose.com is of the view that one may go long in Bajaj Auto.
Mitessh Thakkar of mitesshthakkar.com advises buying HCL Infosystems and Bajaj Auto.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Asian Paints and Axis Bank.
Prakash Gaba of prakashgaba.com advises buying Bajaj Auto with target at Rs 3320.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Motilal Oswal, BPCL and Tata Global.
Mitessh Thakkar of miteshthacker.com recommends a sell on Eicher Motors with a stop loss of Rs 30700 for target of Rs 29250 and a buy on Engineers India around Rs 181-182 with a stop loss of Rs 178.90 for target of Rs 189.
Ashwani Gujral of ashwanigujral.com has a buy on Jet Airways with a stop loss of Rs 650, target of Rs 675, a buy on Arvind with a stop loss of Rs 440, target of Rs 465 and a buy on United Spirits with a stop loss of Rs 3350, target of Rs 3500.
The brokerage said that volume growth coupled with improving mix to drive margin expansion
Bajaj Auto, financials and internet sector, among others, are on the radar of analysts on Friday.
Amit Gupta of ICICIdirect recommends buying Bajaj Auto, Canara Bank and Zee Entertainment.
VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities recommends buying Titan Company, Tata Elxsi, Ceat, Kajaria Ceramics, Bajaj Auto and Sun Pharmaceutical Industries.
Ashwani Gujral of ashwanigujral.com recommends buying Simplex Infra, Sadbhav Engineering, UPL, Wockhardt, Bajaj Auto and Timken India.