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
ITC, UPL, Dr. Reddy's, among others are being watched by analysts, while steel and oil and gas too remain on their radar.
Bulls need to be cautious from here and a trend reversal will only happen if there is formation a bullish candle on Thursday. Top four stocks to buy which are looking attractive based on technical parameters.
Gaurang Shah of Geojit BNP Paribas is positive on Container Corporation of India and Blue Dart.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Just Dial and sell Container Corporation of India and Glenmark Pharma.
Ashwani Gujral of ashwanigujral.com suggests buying Motherson Sumi Systems, Eicher Motors, Bajaj Finance, Yes Bank and Hindustan Petroleum Corporation.
Mitessh Thakkar of miteshthacker.com recommends buying Bank of India and Container Corporation of India.
Rajat Bose of rajatkbose.com recommends buying CONCOR, Strides Shasun and UltraTech Cement.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Vedanta, Kotak Mahindra Bank and GAIL India.
Rajat Bose of rajatkbose.com suggests buying Container Corporation of India and Ceat.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Canara Bank with a target of Rs 287.50.
Ashwani Gujral of ashwanigujral.com suggests buying UPL, Gujarat Mineral Development Corporation and Container Corporation of India and advises selling Glenmark Pharma and HDFC.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Infosys, Tata Communications and Container Corporation.
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.
Ruchit Jain of Angel Broking recommends buying EID Parry with a target of Rs 298 and Motherson Sumi Systems with a target of Rs 351.
Kunal Saraogi of Equityrush is of the view that one may buy NBCC with a target of Rs 265.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Sun TV Network with a target of Rs 513.
Nomura has reduced rating on Adani Ports due to weak free cash flow outlook with target cut to Rs 234 from Rs 258 per share as it sees near-term volume to be impacted from demonetisation.
Ashish Kyal of Waves Strategy Advisors is of the view that oen may buy Adani Power with a target of Rs 35.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Natco Pharma and sell ACC and CONCOR.
Nomura maintains buy call with target unchanged at Rs 900 per share as volumes could improve further and margin may improve in second half.
According to Rajat Bose of rajatkbose.com, one may exit Container Corporation of India.
Sharmila Joshi of sharmilajoshi.com is of the view that one may hold Container Corporation of India.
According to Mitesh Thacker of miteshthacker.com, one can sell Ajanta Pharma and buy Container Corporation.
Ashish Kyal of Waves Strategy Advisors suggests buying Raymond with a target of Rs 670.
Mitesh Thacker of miteshthacker.com is of the view that one can sell Britannia Industries and CONCOR and buy Bharat Electronics.