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
Dilip Bhat, Joint MD of Prabhudas Lilladher is of the view that Power Grid Corporation of India, National Thermal Power Corporation (NTPC) and Bharat Heavy Electricals (BHEL) look pretty good.
Devangshu Datta of Business Standard recommends selling Bharat Heavy Electricals (BHEL) as the stock may go back to Rs 115-116.
Sudarshan Sukhani of s2analytics.com is of the view that one may go long on Bharat Heavy Electricals (BHEL).
Aditya Agarwal of Way2Wealth is of the view that Ranbaxy Laboratories may test Rs 480 on the higher side. "Bharat Heavy Electricals (BHEL) on technical side is giving a breakout from its inverse head and shoulder pattern and we are expecting that the stock may test Rs 132-135 on higher side," he adds.
Sudarshan Sukhani of s2analytics.com recommends buying Bharat Heavy Electricals (BHEL) as the stock is bottoming out and is also giving clear signs of a bullish pattern.
Sudarshan Sukhani of s2analytics.com recommends buying Bharat Heavy Electricals (BHEL).
Sudarshan Sukhani of s2analytics.com recommends buying Bharat Heavy Electricals (BHEL) and hold on to it as the stock may see decent upside.
Anand Rathi advises investors to buy MRF with a target of Rs 13,800 and a stop loss at Rs 12,800
According to Shardul Kulkarni of Angel Broking, one may exit Bharat Heavy Electricals (BHEL) at Rs 128 as the stock may move again to double digits probably in six months to eight months.
Nischal Maheshwari of Edelweiss Financial Services recommends avoiding Bharat Heavy Electricals (BHEL) at current prices.
Sharmila Joshi, Head of Equity at Peerless Securities is of the view that one can buy Dr Reddys Laboratories and Sun Pharmaceutical Industries from the pharma space. "From the capital goods space one can choose L&T over BHEL," she adds.
According to SP Tulsian of sptulsian.com, Bharat Heavy Electricals (BHEL) may touch Rs 105. "Jaiprakash Associates may move to a level of Rs 38-40," he adds.
Ambareesh Baliga, Managing Partner-Global Wealth Management of Edelweiss Financial Services does not see too much downside in Bharat Heavy Electricals (BHEL).
Sudarshan Sukhani of s2analytics.com is of the view that one may sell Bharat Heavy Electricals (BHEL).
According to Ajay Srivastava, CEO of Dimensions Consulting, BHEL may slip below Rs 100.
Sudarshan Sukhani of s2analytics.com is of the view that one may short Bharat Heavy Electricals (BHEL).
Shardul Kulkarni of Angel Broking is of the view that Bharat Heavy Electricals (BHEL) may touch Rs 124 or go even higher at Rs 130. "One may book profits near to Rs 124 or higher levels," he adds.
SP Tulsian of sptulsian.com recommends avoiding Bharat Heavy Electricals (BHEL). One won't be surprised to see the stock in a double digit, he adds.
Manoj Murlidharan Vayalar of IIFL recommends selling Bharat Heavy Electricals (BHEL) with a target of Rs 91-92 and stoploss of Rs 115.
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Sudarshan Sukhani of s2analytics.com feels that Bharat Heavy Electricals (BHEL) may touch Rs 110-112 and advises selling the stock on rally.
According to Parag Doctor, Head-Trading Strategies of Keynote Capital's, one may sell Bharat Heavy Electricals (BHEL) on rallies. "The stock may move to Rs 130-140 in the immediate term," he adds.
In an interview to CNBC-TV18 Siddharth Bhamre of Angel Broking said that he is bullish on ITC. "Go long on HPCL and and stay away from infrastructure space for now," he added.
Abhijit Paul, Founder at Alphative Advisors LLP advised avoiding BHEL now. He feels the stock may slip to Rs 95.
Amol Rao of Anand Rathi Institutional Equities feels that Bharat Heavy Electricals (BHEL) may test Rs 199.