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
Pritesh Mehta of IIFL is of the view that one may buy Coal India at around Rs 260.
According to Sudarshan Sukhani of s2analytics.com, one may buy Coal India.
Top 10 stocks on CNBC-TV18's radar are Reliance Industries, oil marketing cos, United Spirits, Hindustan Zinc, Aurobindo Pharma, Biocon, Sasken, Wipro, Coal India, Reliance Mediaworks.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Coal India as the stock may test Rs 320-325.
Shardul Kulkarni of Angel Broking is of the view that one may buy Coal India as the stock may test Rs 310-315 over the next 8-10 trading sessions.
Bhavesh Chauhan, Metal Analyst, Angel Broking recommends booking profits in Coal India on back of tepid volume growth and sees no incremental price hikes going forward.
Bhavesh Chauhan, metal analyst at Angel Broking is of the view that one may exit Coal India.
Yogesh Radke, Head of Quantitative Research at Edelweiss Securities advises booking profit in Coal India because the dividend expectation trigger is done with and does not see any more short-term triggers.
SP Tulsian of sptulsian.com feels that Coal India may fall below Rs 280 if the company announces dividend below Rs 25 a share.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Coal India.
Hemant Thukral of Aditya Birla Money is of the view that one may buy Coal India on dips.
Rajat Bose of rajatkbose.com is of the view that one may hold Coal India as the stock may go upto Rs 345 in six months to one year time.
Shardul Kulkarni of Angel Broking is of the view that one may buy Coal India on declines at around Rs 285 with a target of Rs 310.
Sandeep Bhatia, Executive Director & Head of Sales at Kotak Securities is positive on Coal India and National Mineral Development Corporation (NMDC).
IT giant Infosys will kick start the third quarter earnings season this week. According to Shah, key factors to keep an eye on would be the impact of slew of top management exits on the company‘s revenue growth and its ability to bring it back to industry standards. However, he prefers TCS over Infosys.
Chandan Taparia, derivative & technical analyst at Anand Rathi Securities is of the view that Coal India may move towards Rs 300.
Ajay Bodke, Head - Investment Strategy & Advisory at Prabhudas Lilladher is positive on Coal India. "On the valuation front, it is attractively valued from medium-term perspective," he adds.
Prasad Baji of Edelweiss is more concerned about the FSA the company has signed for 71000 MW. And the additional 211 million tonne the company will have to meet for these new FSAs.
Ashish Tater of Fortunewizard.com is of the view that one may buy United Breweries with a target of Rs 845 and Coal India with a target of Rs 297-310.
Kunal Bothra of LKP advises holding Coal India with a target of Rs 300-320. "Ot has been holding on to those Rs 250 level where it is a longer-term support," he adds.
Sudarshan Sukhani of s2analytics.com recommends selling Coal India as the stock may head lower.
Manas Jaiswal of manasjaiswal.com recommends booking profits in Coal India.
Nooresh Mirani of AMSEC is of the view that Coal India may touch Rs 290-295 in the short term.
Hemen Kapadia of KR Choksey Securities advises selling Divis Laboratories with a target of Rs 1122 and buying Wipro with a target of Rs 499.
Vikrant Jadeja of Vibrant Trades advises buying Coal India with a target of Rs 276 and Aditya Birla Nuvo with a target of Rs 1250.