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 top 10 stocks to focus on January 6 – Cairn India, ONGC, HPCL, Andhra Bank, Idea Cellular, Bharti Airtel, Sesa Sterlite, Cipla, IRB Infra and Syndicate Bank.
Dilip Bhat of Prabhudas Lilladher is of the view that one may prefer Lupin, Cipla or a Glenmark from pharma space.
According to Dilip Bhat of Prabhudas Lilladher, one may bet on pharmaceutical space.
According to Sudarshan Sukhani of s2analytics.com, one may prefer Cipla and Wockhardt.
Sudarshan Sukhani of s2analytics.com is of the view that one may prefer Asian Paints for long term.
Rahul Mohindar of viratechindia.com is of the view that one may prefer banking and pharma stocks.
Sudarshan Sukhani of s2analytics.com recommends holding Cipla with a long term view.
Ashish Chaturmohta of Fortune Equity Broker recommends going long in Cipla as the stock may test Rs 680-690 in next five-seven trading sessions.
According to Sanjeev Prasad, Senior Executive Director and Co-Head at Kotak Institutional Equities, Colgate Palmolive is looking expensive.
Parag Thakkar of HDFC Securities recommends going long in Cipla.
The multinational pharmaceutical company with current market capitalisation of nearly Rs 51,000 crore has a portfolio that includes 2000 products in 65 therapeutic categories with one quality standard globally.
Vishal Kshatriya of Edelweiss recommends buying Hexaware Technologies for a target price of Rs 235-240 and Cipla with a target of Rs 640.
Mithil Pradhan of Violet Arc Global Managers recommends going long in Cipla with a target of Rs 650-670.
For the largecap pharma companies the game has become completely US-cued. So, US will be the driver for Dr Reddys and Lupin, says Anmol Ganjoo.
According to Kunal Saraogi, CEO at Equityrush, one may hold Cipla.
Phani Sekhar, Fund Manager-PMS at Angel Broking is of the view that one can stay invested in Cipla.
Manoj Murlidharan of Religare Securities recommends buying Cipla and feels that Reliance Industries may move up by 7 percent.
Sudarshan Sukhani of s2analytics.com recommends buying Cipla and Infosys.
Shahina Mukadam of Varun Capital recommends buying Escorts with a target of Rs 178 and Cipla with a target of Rs 660.
AK Prabharkar, Independent Advisor advises buying Oil India for a target price of Rs 630 and Max India for a target price of Rs 343.
Manav Chopra of Nirmal Bang advises buying Bank of Baroda with a target of Rs 960 and Voltas with a target of Rs 265.
Yogesh Mehta of Motilal Oswal Securities is of the view that Cipla may touch Rs 685-690.
Rahul Mohindar of viratechindia.com advises buying Cipla with target of Rs 670.
Kunal Bothra - Head Analyst, Technical at LKP Securities is of the view that Cipla may test Rs 640.
Sudarshan Sukhani of s2analytics.com recommends buying Cipla.