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
Siddharth Bhamre of Angel Broking is of the view that one may prefer Cairn India and Reliance Industries.
Siddarth Bhamre Head - Investment Advisory and Derivatives at Angel Broking is of the view that one can buy Bharti Airtel on dips.
Shares of Cairn fell 4.94 percent on Wednesday and have been down around 15 percent on year-to-date (YTD) basis.
Kunal Saraogi of Equityrush recommends selling Voltas for a target price of Rs 215 and Cairn India for a target price of Rs 265.
Akshata Deshmukh of Networth Stock Broking recommends buying Oracle Financial Services Software for a target price of Rs 3,350 and Idea Cellular for a target price of Rs 154.
Mayuresh Joshi, Vice President - Institution at Angel Broking recommends accumulating Cairn India on every correction.
Mayuresh Joshi, VP – Institution, Angel Broking believes that lower inflation and interest rates will catalyse investment cycle.
P Phani Sekhar, Fund Manager—PMS at Angel Broking recommends buying Cairn India on declines.
Sudarshan Sukhani of s2analytics.com recommends holding Cairn India.
Sudarshan Sukhani of s2analytics.com is of the view that one may see upside in Cairn India.
Jitendra Panda of Peerless Securities is of the view that Cairn India may test Rs 350-360.
Kunal Bothra, Head of Advisory at LKP recommends holding Cairn India.
Aditya Agarwal of Way2Wealth Securities suggests buying IndusInd Bank with a target of Rs 590 and selling Titan Company with target of Rs 337.
Sudarshan Sukhani of s2analytics.com recommends buying Cairn India as the stock may rally.
Jaideep Goswami, Head of Equity at ICICI Securities is positive on Cairn India and Reliance Industries.
Sudarshan Sukhani of s2analytics.com is of the view that one may avoid Cairn India.
Vishal Malkan, CMT suggests buying Divis Laboratories with a target of Rs 1255-1270 and JSW Steel with a target of Rs 1040-1050.
Rajeev Agarwal of dynamixresearch.in suggests selling Axis Bank with a target of Rs 1200-1165 and selling YES Bank with a target of Rs 353-342.
Sudarshan Sukhani of s2analytics.com is of the view that one may hold on to Cairn India as the stock may touch Rs 400.
Gautam Chhaochharia, head of India Research at UBS Securities recommends picking Cairn India.
Sam Mahtani, Director, Emerging Equities of F&C Asset Management is bullish on Cairn India as it is a very solid long-term play on production growth.
According to SP Tulsian of sptulsian.com, one may stay invested in Cairn India with a long term view. "One may see a return of about 20 percent every year for next five years because this is a very safe stock to have in portfolio," he adds.
Kunal Bothra of LKP advises holding Cairn India. "One can book profits at around Rs 360 level," he adds.
Manishi Raychaudhuri of BNP Paribas is positive on Cairn India.
Vishal Malkan of malkansview.com is of the view that one can stay invested in Cairn India.