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
According to Prakash Diwan of Altamount Capital Management, one may avoid Bharat Heavy Electricals and advises to move to Larsen and Toubro.
According to Sudarshan Sukhani of s2analytics.com, one may see Larsen and Toubro (L&T) and Bharat Heavy Electricals (BHEL) to head lower.
Brokerages are bullish on Bharti Airtel, BHEL and bearish on BPCL, L&T and Lupin.
One may enter Bharat Heavy Electricals (BHEL) at around Rs 150-155, says SP Tulsian of sptulsian.com. "Tata Steel may test Rs 150 in next one year," he adds.
Dipen Sheth, Head-Institutional Research at HDFC Securities sees further 20-30 percent downside for BHEL. According to him, one should not buy the stock now, but buy interest rate sensitives.
Gautam Sinha Roy, VP, equity strategy and product of Motilal Oswal Securities advised buying Larsen & Toubro (L&T). "It bagged one of the largest orders in the Saudi Arabia region in the hydrocarbon space, which should really shore up the order book and order inflows on a year-on-year basis."
In an interview to CNBC-TV18, Hemanth Thukral recommends buying Bajaj Auto keeping a stop loss of Rs 1920 and a target of Rs 2070 and selling BHEL keeping a stop loss of Rs 190 and a target of Rs 163
Shardul Kulkarni of Angel Broking recommends buying HDFC near Rs 825 levels. Place a stop loss at Rs 803 and trade bullish for a target of Rs 870 over the next six-eight trading sessions.
According to Sudarshan Sukhani of s2analytics.com one may buy Bharat Heavy Electricals (BHEL) today and if it works out then carry it for the next couple of days.
Sahil Kapoor of Edelweiss recommends buying Bharat Heavy Electricals (BHEL). "Place a stop loss of Rs 177 and look for targets in excess of Rs 200," he adds.
Rajesh Jain of Religare Securities suggests buying Sesa Goa at its support of Rs 140-142 levels, keeping a closing stop loss below Rs 138 for higher target of more than Rs 150 in coming days.
Sudarshan Sukhani of s2analytics.com recommends buying BHEL and selling Tata Motors DVR.
Sudarshan Sukhani of s2analytics.com is of the opinion that one may buy Bharat Heavy Electricals (BHEL) as its charts have given a bullish pattern and are currently in a breakout mode.
Manoj Murlidharan Vayalar of IIFL recommends buying Ashok Leyland as there is a long build-up and cash pileup happening in the stock. It can bounce back to Rs 20," he adds.
Sudarshan Sukhani of s2analytics.com expects a further upmove in Bharat Heavy Electricals (BHEL).
Sudarshan Sukhani of s2analytics.com recommends to buy Bharat Heavy Electricals (BHEL) on dip.
One may go long on Tata Power with a stop loss at Rs 80, says Manoj Murlidharan Vayalar of IIFL.
Sudarshan Sukhani of s2analytics.com advises to sell Bharat Heavy Electricals (BHEL) as it is going down much lower.
Sudarshan Sukhani of s2analytics.com advised investors to shift from Bharat Earth Movers (BEML) to Larsen and Toubro (L&T) and Bharat Heavy Electricals (BHEL).
Venkatesh B, Equity Analyst at Citi India is bearish on BHEL, BGR Energy Systems and Thermax. He recommends selling these stocks.
Sudarshan Sukhani of s2analytics.com expects BHEL to fall to Rs 170-165. It has confirmed a bearish head and shoulder pattern, he says.
Amit Gupta of ICICI Securities says one can go short on BHEL. “Fresh shorts are likely to come in the stock, which can bring it down to around Rs 175,†Gupta adds.
Sudarshan Sukhani of s2analytics.com says one should prefer Bharat Heavy Electricals (BHEL) or Larsen and Toubro (L&T) over Reliance Infrastructure.
Sharmila Joshi, head of equity at Peerless Securities says it's a good idea to switch from Lanco Infratech to L&T or BHEL in infrastructure space.
One can use the decline in Tata Motors to add to long-term positions, says PN Vijay of askpnvijay.com. “Coal India would show volume and price growth in the months to come, so it is a good long-term buy, “he adds.