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
JPMorgan has overweight rating on L&T, with a target price at Rs 1,670 as the brokerage house is optimistic about a pick-up in execution in the near-term.
Rajat Bose of rajatkbose.com feels that Coal India may touch Rs 350.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Federal Bank and South Indian Bank and sell Coal India.
According to Mitessh Thakkar of miteshthacker.com, one can buy Coal India and Idea Cellular while one can sell MRF and Page Industries.
Prakash Gaba of prakashgaba.com is of the view that Apollo Hospitals can climb to Rs 1330 while Coal India may test Rs 330.
Sandeep Wagle of powermywealth.com is of the view that one can buy Coal India and Axis Bank.
Ashwani Gujral of ashwanigujral.com suggests selling Kotak Mahindra Bank and Century Textiles and advises buying Coal India.
According to Sandeep Wagle, Founder & CEO of powermywealth.com, one can buy Coal India and Karnataka Bank.
Yogesh Mehta of Motilal Oswal recommends buying Hexaware Technologies, Coal India and Just Dial.
Morgan Stanley is underweight on Bank of Baroda, with reduced target at Rs 125 from Rs 135 as valuation is expensive in the context of weak earnings progression. Share price will fall relative to the industry over the next 30 days, it feels.
According to Chandan Taparia of Anand Rathi Securities, one can buy Grasim Industries, Hindustan Petroleum Corporation and HCL Technologies and advises selling Coal India.
According to Prakash Gaba of prakashgaba.com, Coal India may test Rs 300 while Lupin may hit Rs 1440.
Jefferies expects cement demand to recover in FY18/19 as it sees improvement in realisation as capacity. It initiates call on Dalmia Bharat with buy and target of Rs 2227 per share. It has underperform rating on ACC and Ambuja with a target of Rs 1174 and Rs 187 per share.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sectors.
Sharmila Joshi of sharmilajoshi.com is of the view that one may hold Coal India.
Sandeep Wagle of powermywealth.com is of the view that one can buy NTPC and UPL and sell Coal India.
Goldman Sachs maintains buy call on Coal India with a target of Rs 360 per share as increase in coking coal prices augurs well for margins. It is expecting 5-13 percent higher EBITDA for FY17-19. It forecasts 7 percent production CAGR over the next ten years.
Credit Suisse stays outperform rating on L&T and Sadbhav Engineering. It has outperform rating on L&T on pick-up in domestic execution, strong earnings growth.
Mitesh Thacker of miteshthacker.com suggests buying Bank of Baroda and Coal India.
Sudarshan Sukhani of s2analytics.com suggests buying Zee Entertainment, Larsen & Toubro and Coal India.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sectors.
Sandeep Wagle of powermywealth.com suggests buying Sun TV Network and Dewan Housing Finance and advises selling Coal India.
Sandeep Wagle of powermywealth.com is of the view that one can buy IDBI Bank and Biocon and sell Coal India.
Bank of America Merrill Lynch downgraded Idea to underperform from neutral with target at Rs 69 per share. It expects sustained weakness in revenue led by slowing revenue growth as near-term earnings to be hit by demonetisation.
VK Sharma, Head of Business, Private Client Group at HDFC Securities is of the view that one may sell Coal India 290 Put.