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
“Failing to breakout 10,780 may push the Nifty into consolidation,” said Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management
"The company is fairly valued at current market price. However, if Q4FY18 results are robust then we can expect a target of Rs 650 by FY19 end," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
"Its respiratory platform will be the key driver in scaling up its US business trajectory even as its India continues to grow at double-digits. We have a buy rating on the stock with a target of Rs 650," says S Ranganathan, Head of Research at LKP Securities.
GSPL, Cipla and Bharti Airtel, among others, are being tracked by investors on Wednesday.
Ashwani Gujral of ashwanigujral.com advises selling Cipla and BEML.
Rajat Bose of rajatkbose.com is of the view that one may buy Bombay Dyeing.
Prakash Gaba of prakashgaba.com is of the view that Ambuja Cements can slide to Rs 228 while Cipla may test Rs 552.
Mitessh Thakkar of miteshthacker.com recommends selling Cipla with a stop loss of Rs 590 and target of Rs 564 and advises buying NIIT Tech with a stop loss of Rs 854 and target of Rs 900.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bata India, Cipla, Hindustan Unilever and Tata Elxsi and can sell Bharti Airtel.
Rajat Bose of rajatkbose.com recommends buying Gujarat Alkalies, GNFC and Cipla.
CLSA feels Maruti has potential to further strengthen India franchise with unveiling new compact SUV.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Cipla, IndusInd Bank, Maruti Suzuki and Apollo Tyres and can sell India Cements.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Cipla, DLF, Sun TV Network and ITC and exit Apex Frozen Foods.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Ashok Leyland, NMDC and JSW Steel.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Reliance Industries, Cipla and Yes Bank.
Sandeep Wagle of powermywealth.com feels that Cipla may test Rs 610-615.
Shahina Mukadam, Independent Market Expert is of the view that one may stay invested in in Cipla.
Mitessh Thakkar of mitesshthakkar.com advises selling Cipla and Manappuram Finance.
Mitessh Thakkar of miteshthacker.com advises selling IDFC with a target of Rs 55.
Ashish Kyal of Waves Strategy Advisors is of the view that one may buy SAIL with a target of Rs 87.40.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Global Beverage with a stop loss of Rs 278, target of Rs 294, DLF with a stop loss of Rs 235, target of Rs 242 and a buy also on KEC International with a stop loss of Rs 338, target of Rs 360.
Mitessh Thakkar, Proprietor at mitesshthakkar.com is of the view that one can buy Piramal Enterprises and Syndicate Bank and can hold Dalmia Bharat Sugar while one can sell Cipla.
Mitessh Thakkar of miteshthacker.com recommends a sell on Eicher Motors with a stop loss of Rs 30700 for target of Rs 29250 and a buy on Engineers India around Rs 181-182 with a stop loss of Rs 178.90 for target of Rs 189.
Shahina Mukadam, Independent Market Expert is of the view that one may exit Granules India on rallies.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Cipla, Hero MotoCorp and Raymond while he is bullish on Ashok Leyland and advises selling Torrent Pharma.