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
Here are stocks that should be on your radar - L&T Finance Holdings, Astrazeneca, HDFC Bank, Mphasis, Tech Mahindra, MMTC, BPCL, Infosys, HSIL and Crompton Greaves.
Kunal Bothra of LKP is bullish on Larsen and Toubro. “Crompton Greaves in next three-six months could go close to Rs 180-184,†he adds.
Ajay Bodke of Prabhudas Lilladher is cautious on capital goods stocks.
According to CNBC-TV18‘s research team following are the stocks to focus on Dr Reddy's, BPCL, Ranbaxy, Dishman Pharma, Bank of Baroda, Ashok Leyland, Jaiprakash Assoc, Crompton Greaves, Eicher Motors and Infotech Ent.
Vishal Malkan of Malkansview recommends buying Indiabulls Real Estate with a target price of Rs 53 and Crompton Greaves with a target price of Rs 145.
According to Ambareesh Baliga of Edelweiss Financial Services, one may buy Voltas and Crompton Greaves.
Vishal Malkan, Malkansview advises buying Cox & Kings for a target price of Rs 158 and Bata India for a target price of Rs 1120.
According to Ashish Chaturmohta of Fortune Equity Broker, Crompton Greaves may test Rs 136-137.
According to Neeraj Deewan of Quantum Securities, one may prefer capital goods stocks on dips.
Kunal Bothra, Head of Advisory at LKP is of the view that one may buy Larsen and Toubro.
Mayuresh Joshi of Angel Broking is of the view that one may prefer Crompton Greaves on declines.
Sudarshan Sukhani of s2analytics.com is of the view that one may avoid Crompton Greaves.
Pritesh Mehta of IIFL recommends buying Crompton Greaves on declines as the stock may test Rs 135.
Navneet Daga of KR Choksey Securities recommends buying Crompton Greaves future and advises selling 130 Call.
Lancelot D Cunha, ITI Wealth Management advises buying TV Today for a target price of Rs 124 and Amara Raja Batteries for a target price of Rs 389.
Lancelot D Cunha of ITI Wealth Management recommends buying Sun Pharma Advanced Research Company for a stoploss at Rs 153 and Crompton Greaves for a target of Rs 125.50.
Lancelot D Cunha, ITI Wealth Management advises buying IndusInd Bank for a target price of Rs 394 and Crompton Greaves for a target price of Rs 125.50.
Chandan Taparia of Anand Rathi recommends buying Crompton Greaves on dips with a target of Rs 130.
Vishal Malkan of malkansview.com is of the view that Crompton Greaves may test Rs 150-160 in the next two quarters.
Ambareesh Baliga of Edelweiss Financial Services feels that Crompton Greaves and Voltas may go to Rs 160-180.
According to SP Tulsian of sptulsian.com, one can prefer Crompton Greaves and Voltas with six to twelve months perspective.
According to Kunal Bothra, Head of Advisory at LKP, Crompton Greaves may touch Rs 132 in the short term.
Amit Dalal, ED of Tata Investment Corporation is of the view that one may stay away from Crompton Greaves.
Meghana Malkan of malkansview.com suggests buying Tata Global Beverage with a target of Rs 149 and Power Finance Corporation with a target of Rs 157.
Meghana Malkan of malkansview.com advises buying Crompton Greaves for a target price of Rs 124 and Hindustan Petroleum Corporation for a target price of Rs 259.