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 Sharmila Joshi of sharmilajoshi.com, one may hold Ceat with long term view.
Market Expert, Ambareesh Baliga is of the view that one may book profits in Ceat.
On FY16 we are already taking care of this benign rubber prices and favourable margins. So it is not that we have taken higher rubber prices. So we expect that to go adverse from FY17, says Basudeb Banerjee, AVP Research, at Antique Stock Broking.
According to Nooresh Merani of Analyse India, one may hold Ceat.
Watch the interview of Nooresh Merani of Analyse India and Ashu Madan of Religare Securities with Sumaira Abidi & Nigel D'Souza on CNBC-TV18, in which they shared their reading and outlook on market and specific stocks.
Ashu Madan of Religare Securities is of the view that one may hold Ceat.
The company has nearly 24.9 lakh shares of CESC which are valued at around Rs 115 crore.
According to Devang Mehta of Anand Rathi Financial Services, one may exit Ceat and prefer Apollo Tyres for long term.
Rakesh Gandhi, independent technical analyst recommends buying Ashapura Minechem with a target of Rs 67 and BEML with a stoploss of Rs 241.
Pankaj Jain of Sunteck Wealthmax recommends buying Financial Technologies for a target of Rs 411 and Tata Elxsi for a target of Rs 634.
Mayuresh Joshi of Angel Broking advises accumulating Ceat at around Rs 350-360.
SP Tulsian of sptulsian.com is of the view that Ceat may test Rs 320 in a month's time.
Kunal Bothra of LKP is of the view that one may buy Ceat on declines.
According to CNBC-TV18‘s research team here are the stocks to keep an eye on: Adani Power, Tata Power, NTPC, Power Grid, ICRA, Care Ratings, GMR Infra, Lanco Infra, Ceat, DCM Shriram
According to SP Tulsian of sptulsian.com, Rs 350-360 seems to be a strong resistance. He advises exiting the stock at these levels.
Sudarshan Sukhani of s2analytics.com recommends buying Ceat.
Rakesh Gandhi, independent technical analyst recommends buying Dishman Pharmaceuticals & Chemicals with a target of Rs 104.50 and Arvind with a target of Rs 141.75.
SP Tulsian of sptulsian.com feels that Ceat may go upto Rs 350 and one may book profits at that level.
Jai Bala of cashthechaos.com is bullish on tyre stocks. According to him, Ceat may test Rs 380-400, and JK Tyre and Industries may touch Rs 190-205.
Dipan Mehta, Member of BSE & NSE is of the view that one may prefer JK Tyre, Ceat and MRF over Apollo Tyres in the tyre space.
Sudarshan Sukhani of s2analytics.com is of the view that one may go long in Ceat as the stock may head higher.
According to Vishal Malkan of malkansview.com, one may hold Ceat as the stock may test Rs 400.
Shardul Kulkarni, Sr.technical analyst at Angel Broking recommends holding on to tyre companies including JK Tyre and Industries and Ceat.
Pankaj Jain of Sunteck Wealthmax recommends buying Bajaj Hindusthan and Dhampur Sugar Mills.
Sudarshan Sukhani of s2analytics.com recommends holding Ceat.