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
Sharmila Joshi of Peerless Securities advises buying Aurobindo Pharma with a target price of Rs 206 and Tata Motors DVR with a target price of Rs 173.
Vikrant Jadeja of Vibrant Trades suggests buying Bata India with a target of Rs 900 and selling Reliance Infrastructure with a target of Rs 370.
According to Pritesh Mehta of IIFL, Bata India may test Rs 900 in next couple of trading sessions.
Manas Jaiswal, manasjaiswal.com advises buying Jain Irrigation Systems with a target of Rs 65 and Crompton Greaves with a target of Rs 100.
Prakash Diwan of Altamount Capital Management advises buying Emami with a target price of Rs 499 and Motherson Sumi with a target price of Rs 230.90.
Brokerage firms recommend buying Lupin, Karur Vysya Bank, and Petronet LNG. They suggest selling Bata.
Sudarshan Sukhani of s2analytics.com recommends buying Bata India and stock may even test Rs 1,000.
Vishal Malkan of CMT recommends buying Tech Mahindra with a target of Rs 1390-1420 and Jindal Steel & Power with a target of Rs 246-249.
Sudarshan Sukhani of s2analytics.com recommends going long on Bata India as the stock may head higher.
One can buy Dr Reddys Laboratories at its current price keeping a closing stop loss of Rs 2,150 for a target of Rs 2,350, says Rajesh Jain, Religare Securities.
According to Vishal Malkan of malkansview.com, one may buy Aditya Birla Nuvo with a stop of Rs 1,150 for target of Rs 1,210 and advises buying Biocon with a stop of Rs 312 for targets of Rs 328.
Pankaj Jain of Sunteck Wealthmax recommends going long on Idea Cellular and advises buying Hexaware Technologies.
Pankaj Jain of Sunteck Wealthmax advised buying Idea Cellular with a target price of Rs 176 and Hexaware Technologies with a target price of Rs 121.50.
Brokerages are bullish on Tata Coffee, Bata India and NTPC
Anand Rathi and ICICI Direct recommend the stocks to invest in and sell for Friday.
According to Abhishek Agarwal of Fortune Interfinance, one may buy Bata India with a target price of Rs 950 with a stop loss of Rs 860 and advises buying Allahabad Bank with a target price of Rs 84 and a stop loss of Rs 77.
One can short Dena Bank for a target price of Rs 59.50 and Bank of India for a target price of Rs 190, says Sharmila Joshi of Peerless Securities.
According to Ashish Kapur of Investshoppe one may go long on Dabur India with a target of Rs 174 and a stop loss at Rs 163.50 and suggest going long on Bata India with a target of Rs 960 and a stop loss at Rs 915.
Aashish Tater of FortuneWizard.com advised going long on JSW Energy with a target price of Rs 43.5 and UCO Bank with a target price of Rs 65.5.
Vishal Kshatriya of Edelweiss recommends going long on Asian Paints July Futures at current market price with a target price of Rs 5400 and stop loss below Rs 4800.
According to Ashish Kapur of Investshoppe, one may go long on Bata India with a target of Rs 950 and a stop loss at Rs 895 and also advises to go long on Yes Bank.
Aashish Tater of FortuneWizard.com advised buying Firstsource Solutions with a target price of Rs 13.8 and Dena Bank with a target price of Rs 73.5.
Sudarshan Sukhani of s2analytics.com advises to buy Tata Global Beverages and Bata India.
According to Vishal Malkan of malkansview.com one may buy Reliance Power with a stop loss of Rs 75.50 with target of Rs 81 and advises buying Bata India with a stop of Rs 875 for targets of Rs 935.
Aashish Tater of FortuneWizard.com advised buying Hexaware Technologies with a target price of Rs 99.50 and SpiceJet with a target price of Rs 29.