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
SP Tulsian of sptulsian.com is positive on Bharat Heavy Electricals (BHEL).
Deven Choksey of KR Choksey is of the view that one may pick Voltas and Crompton Greaves on dip.
Shardul Kulkarni of Angel Broking is of the view that one may buy Larsen and Toubro on declines and advises avoiding Bharat heavy Electricals.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Crompton Greaves as the stock is pushing towards new highs.
Sudarshan Sukhani of s2analytics.com recommends staying away from Crompton Greaves and prefers BHEL.
Meghna Malkan of malkansview.com recommends buying Tech Mahindra with a target of Rs 1720 and Crompton Greaves with a target of Rs 123.
Mehraboon Irani of Nirmal Bang Securities is of the view that one may buy Voltas or Crompton Greaves.
Meghna Malkan of malkansview.com advises buying Larsen and Toubro for a target price of Rs 1040 and Adani Ports for a target price of Rs 169.
Vikrant Jadeja of Vibrant Trades suggests selling Arvind with a target of Rs 117 and buying Mcleod Russel (India) with a target of Rs 295-300.
Manas Jaiswal of manasjaiswal.com recommends buying Crompton Greaves on every decline as it may test Rs 130 in next 2-3 weeks.
Shardul Kulkarni of Angel Broking recommends buying Crompton Greaves as the stock may touch Rs 113-114.
Pritesh Mehta of IIFL suggests buying Shasun Pharmaceuticals with a target of Rs 80 and Cairn India with a target of Rs 340.
Prakash Diwan of Altamount Capital recommends selling JSW Steel with a target of Rs 763.50 and Reliance Power with a target of Rs 68.50.
Manav Chopra of Nirmal Bang advises buying Bharat Forge with a target price of Rs 284 and NHPC with a target price of Rs 19.50.
According to Pritesh Mehta of IIFL, Crompton Greaves may test Rs 107-108 if the stock manages to stay above Rs 97-98.
According to Sudarshan Sukhani of s2analytics.com, one may go long on Tata Steel, UltraTech Cement and Crompton Greaves.
According to Nooresh Merani of AMSEC Research, one may buy Future Retail with a target of Rs 85 and Crompton Greaves with a target closer to Rs 99.
Shahina Mukadam of Varun Capital advises buying Exide Industries with a target price of Rs 139 and LIC Housing Finance with a target price of Rs 219.
According to Shahina Mukadam of Varun Capital, one may buy Steel Authority of India (SAIL) with a target of Rs 58.60 and advises selling Crompton Greaves with a day target of Rs 88 and a stoploss of Rs 98.
Kunal Bothra of LKP advises buying BF Utilities with a target price of Rs 176 and Kolte-Patil with a target price of Rs 76.
Sudarshan Sukhani of s2analytics.com feels that Crompton Greaves may slide further till it finds support.
Manas Jaiswal, manasjaiswal.com advises buying Jain Irrigation Systems with a target of Rs 65 and Crompton Greaves with a target of Rs 100.
Pritesh Mehta of IIFL suggests buying Siemens with a target of Rs 490 and HDFC with a target of Rs 810.
Lancelot D Cunha, CEO of Sharyans Wealth Management recommends buying Ipca Laboratories with a target of Rs 721 and advises selling Housing Development and Infrastructure (HDIL) Futures with a target of Rs 33.35.
Lancelot D Cunha, CEO of Sharyans Wealth Management Private Limited advised buying Ipca Labs with a target price of Rs 721 and LIC Housing Finance with a target price of Rs 164.