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
Jagannadham Thununguntla, Head of Research at SMC Global Securities is of the view that one may pick BHEL with a long term view.
According to Kunal Saraogi, CEO at Equityrush, one may prefer Crompton Greaves and Voltas from midcap capital goods space.
Rahul Mohinder of viratechindia.com recommends buying Bharat Heavy Electricals, ACC and Axis Bank.
Vishal Kshatriya of Edelweiss suggests buying Colgate Palmolive India with target of Rs 1700 and selling Larsen and Toubro with a target of Rs 1430.
Sudarshan Sukhani of s2analytics.com is of the view that oen can buy Bharat Heavy Electricals for long term.
Siddharth Bhamre Head - Investment Advisory and Derivatives at Angel Broking is of the view that one may go long in HCL Tech and Wipro. "One may buy NTPC at around Rs 135-137," he adds.
Sudarshan Sukhani of s2analytics.com is upbeat on Bharat Heavy Electricals and recommends buying the stock.
Siddarth Bhamre of Angel Broking recommends holding Bharat Heavy Electricals as the stock may test Rs 254.
Sudarshan Sukhani of s2analytics.com is of the view that one can get out of GMR Infrastructure and shift to either Bharat Heavy Electricals or Larsen and Toubro.
Chandan Taparia of Anand Rathi is of the view that Bharat Heavy Electricals may test Rs 235-237.
Amit Gupta, head-derivatives at ICICI Direct is of the view that Bharat Heavy Electricals may test Rs 220 on the higher side.
According to Phani Sekhar of Angel Broking, one may prefer capital goods stocks on declines.
Sudarshan Sukhani of s2analytics.com is of the view that Bharat Heavy Electricals has the potential for a quick short-term appreciation.
Vishal Kshatriya of Edelweiss suggets buying Bharat Heavy Electricals with a target of Rs 200 and buying Canara Bank with a target of Rs 265.
These are the ten stocks you should be eyeing today as market hits new highs.
Siddharth Bhamre of Angel Broking feels that above Rs 165-170 one may see higher levels in BHEL.
According to Sudarshan Sukhani of s2analytics.com, Bharat Heavy Electricals may touch Rs 170-171.
Siddharth Bhamre, Head - Investment Advisory and Derivatives at Angel Broking is of the view that Bharat Heavy Electricals may test Rs 175.
Sudarshan Sukhani of s2analytics.com recommends buying Bharat Heavy Electricals.
Sudarshan Sukhani of s2analytics.com recommends buying Bharat Heavy Electricals on every dip as the stock may test Rs 165.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy BHEL, ICICI Bank and Voltas.
Chandan Taparia of Anand Rathi recommends buying Bharat Heavy Electricals as the stock may bounce back towards Rs 157-158.
SP Tulsian of sptulsian.com feels that BHEL may go below Rs 140.
Meghana Malkan of malkansview.com recommends buying Voltas with a target of Rs 132 and Reliance Communications with a target of Rs 127.
Shahina Mukaddam of Varun Capital advises buying Exide Industries for a target price of Rs 106.50 and Arvind for a target price of Rs 150.