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
Sudarshan Sukhani of s2analytics.com is of the view that Cairn India may touch Rs 400 in 2-3 years.
Vishal Kshatriya of Edelweiss suggests buying Zee Entertainment Enterprises with a target of Rs 300 and sell Axis Bank with a target of Rs 980.
Pritesh Mehta of IIFL is of the view that Cairn India may test Rs 315 in the next two weeks.
According to Rajesh Agarwal of Eastern Financiers, one may hold Cairn India with a price target of Rs 385 in the long-term.
Pritesh Mehta of IIFL suggests buying Shasun Pharmaceuticals with a target of Rs 80 and Cairn India with a target of Rs 340.
Sudarshan Sukhani of s2analytics.com recommends selling Cairn India as the stock may head lower.
Tirthankar Patnaik, Director, Strategist and Chief- Economist at Religare Capital Markets expects that the selling pressure will continue in Cairn India and the stock to trade in a broad range of about Rs 300-330 in the near-term.
Abhijit Paul, Founder of Alphative Advisors LLP is of the view that Cairn India may touch Rs 345-350.
Sudarshan Sukhani of s2analytics.com recommends holding Cairn India as the stock may test Rs 400-450.
According to Phani Sekhar of Angel Broking, one should hold Cairn India for a target of at least Rs 370-375 over the next 9-12 months.
Nooresh Merani of AMSEC Research advises holding Cairn India at current levels. In the medium-term, he feels the stock should head towards Rs 360.
According to VK Sharma of HDFC Securities, one may buy Cairn India 330 Call at around Rs 7 with a stoploss at Rs 4.
Vikrant Jadeja of Vibrant Trades suggests selling ITC October Future with a stoploss at Rs 348 and NTPC October Future with a stoploss at Rs 148.
Sudarshan Sukhani of s2analytics.com prefers Cairn India and Petronet LNG over Oil and Natural Gas Corporation (ONGC) in the oil and gas space.
Aditya Agarwal of Way2Wealth recommends going long on Cairn India above Rs 324 with a target of Rs 338 and a stoploss at Rs 318.
Abhijit Paul of Alphative Advisors is of the view that Cairn India may test Rs 350 from a short term point of view.
Aditya Agarwal of Way2Wealth feels that the rally may continue in Oil and Natural Gas Corporation (ONGC). He expects some profit booking in Reliance Industries and Cairn India.
ICICI Direct suggests buying Cairn India, while Karvy has a short call on PNB.
Rakesh Gandhi of FRR Shares suggests selling Punjab National Bank with a target of Rs 375 and buying Tech Mahindra with a target of Rs 1475.
According to Sudarshan Sukhani of s2analytics.com, one may buy Cairn India and Oil and Natural Gas Corporation (ONGC).
Tirthankar Patnaik of Religare Capital Markets is neutral on energy space. "One may see some approvals coming in for Cairn India, which would allow it to expand its production. So prefer Cairn India from energy space," he adds.
Dilip Bhat, Joint MD of Prabhudas Lilladher recommends investing in Cairn India from a short-term point of view.
Nitin Tiwari of Religare Capital Markets is positive on Cairn India. "There would be incremental investor interest in the stock given that with currency weakening, there could be earnings per share (EPS) upgrades across the street," he reasoned.
Sudarshan Sukhani of s2analytics.com is of the view that investors can buy Cairn India. "This is not a day trading opportunity and can anticipate 10-15 percent returns over the next six months," he adds.
According to Sudarshan Sukhani of s2analytics.com, Cairn India is a far better stock than ONGC. "We should be buyers whenever the opportunity arises in Cairn India," he adds.