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
Prakash Diwan of Altamount Capital Management is of the view that one may prefer Larsen & Toubro (L&T), Siemens and Greaves Cotton.
Ajay Bodke of Prabhudas Lilladher is positive on Larsen and Toubro, Cummins India and Crompton Greaves.
In a note to clients, Jefferies said it had upgraded ABB from an ‘underperform‘ rating to ‘buy‘, Siemens from ‘hold‘ to ‘buy‘ and had maintained a ‘buy‘ rating on Cummins.
Ajay Bodke of Prabhudas Lilladher has a positive view on Cummins India and JK Lakshmi Cement.
Ajay Bodke of Prabhudas Lilladher is positive on Federal Bank, Cummins India, Thermax and Ashoka Buildcon.
Crompton's power and industrial segments can see an improvement in revenues and margins, on the back of a macro recovery
Here are top 10 stocks to keep an eye on November 7 - Ranbaxy, DLF, Bata, Cadila, Cummins, Ramco Cements, Ashok Leyland, Canara Bank, Escorts and HDFC Bank.
Mayuresh Joshi of Angel Broking recommends buying Federal Bank, Infosys and Cummins India.
Ajay Bodke of Prabhudas Lilladher has a positive view on Cummins India and has a target of Rs 765. "One may see ACC touch Rs 375 and UPL touch Rs 400," he adds.
Ajay Bodke of Prabhudas Lilladher has a positive view on Crompton Greaves and feels that Cummins India may test Rs 745.
Pankaj Jain, Sunteck Wealthmax advises going long in in Indiabulls Housing Finance for a target price of Rs 225 and BPCL for a target price of Rs 469.
Rajen Shah, CIO at Angel Broking feels that Cummins India may move to Rs 600.
Ajay Bodke of Prabhudas Lilladher is cautious on capital goods stocks.
According to Yogesh Radke, head of quantitative research at Edelweiss Securities, one may keep Bata India, Colgate Palmolive, Cummins India and Nestle India in the portfolio.
According to Saurabh Mukherjea, CEO-institutional equities of Ambit Capital, one may prefer Larsen and Toubro, Cummins India and Bajaj Electricals.
According to Lancelot D'Cunha of Sharyans Wealth Management, one may hold Cummins India and in next 12-18 months the share may move to Rs 520-550.
Sanjeev Zarbade, Capital Goods Analyst at Kotak Securities advises booking profits in Cummins India.
The top 10 stocks that CNBC-TV18 team has its eyes on are: BHEL, Aban Offshore, Bank of Baroda, Ranbaxy, HCL Tech, Escorts, Jet Airways, Power Grid, Cummins India, LG Balakrishnan & Bros
Dipen Shah, Senior Vice President & Head - PCG Research at Kotak Securities is positive on Voltas, Cummins India and VA Tech Wabag.
Rakesh Arora of Macquarie Capital Securities suggests to prefer Larsen and Toubro, Crompton Greaves and Cummins India from capital goods space.
Rajen Shah of Angel Broking has a bullish stance on Voltas and Cummins India.
Gaurav Ratnaparkhi of Sharekhan suggests selling Hindalco Industries Future with a stoploss at Rs 115.10 and Jaiprakash Power Ventures Future with a stoploss at Rs 16.30.
Checkout why CLSA is recommending a buy on Jaiprakash Power and a sell on Sesa Goa.
Venkatesh B, equity analyst at Citi India is of the view that one can continue holding L&T, Havells and Cummins.
One can hold Cummins India, says Rajen Shah of Angel Broking. They managed to post Rs 27-28 kind of earnings, which is certainly pretty good. Stock is also at about Rs 18-19 P/E multiple and the management has expressed optimism over long-term, he adds.