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
According to Sandeep Wagle of powermywealth.com, one may sell Dr Reddy's Laboratories on bounce back towards Rs 2,700-2,750.
Shahina Mukadam, Independent Market Expert advises exiting Dr Reddy's Laboratories.
Ashwani Gujral of ashwanigujral.com recommends buying Dewan Housing Finance Corporation, Amara Raja Batteries and Bharat Petroleum Corporation.
Ashwani Gujral of ashwanigujral.com recommends buying J Kumar Infraprojects, Titan Company and Dr Reddy's Labs.
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy and Anuj Singhal, SP Tulsian of sptulsian.com shared his reading and outlook on the market and also gave recommendations on various stocks.
Motilal Oswal has initiated coverage with a buy rating and has set a target price at Rs 229.
In an interview to CNBC-TV18, Amey Chalke, Pharma Analyst at HDFC Securities shared his readings and outlook on Divis Laboratories and Dr Reddys Laboratories.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy L&T and HUL and sell Apollo Hospitals and Idea Cellular while one can avoid Dr Reddy's Labs.
Bank of America Merrill Lynch has reiterated a buy call on HCL Technologies with an upward revision in target price to Rs 990 from Rs 935 a share.
Bank of America Merrill Lynch has reiterated a buy call on HCL Technologies with an upward revision in target price to Rs 990 from Rs 935 a share.
Yogesh Mehta of Motilal Oswal suggests buying Dewan Housing Finance, Ceat and Dr Reddy's Labs.
According to Mitessh Thakkar of miteshthacker.com, one can buy Colgate Palmolive and sell Dr Reddy's Labs.
Vishal Manchanda, pharma analyst at Nirmal Bang said that Dr Reddy‘s Laboratories revenue won‘t be impacted by the observation received at the Duvvada plant and has a hold rating on the stock. He said one has to wait for further clarity about the nature of observations.
Sudarshan Sukhani of s2analytics.com suggests buying YES Bank while he feels that shorts are opening up in Dr Reddy's Laboratories.
In an interview to CNBC-TV18's Prashant Nair and Sumaira Abidi, Rahul Arora, CEO at Nirmal Bang Institutional Equities shared his readings and outlook on market and specific stocks.
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.
Brokerage house cites high product concentration playing out now with other firms getting approvals for products having high market share for the pharma major.
Morgan Stanley sees limited impact on HPCL/BPCL if government transfers ownership to ONGC. ONGC's leverage could rise in the near-term and HPCL/BPCL could lower ONGC's leverage only by FY20-21, it feels.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell State Bank of India, Pidilite Industries and Dr Reddy's Laboratories and buy Tata Consultancy Services and Divis Laboratories.
Easing regulatory concerns and actions by the US Food and Drug Administration (FDA) will help the sector and improve investor sentiment, Deutsche Bank said in a report.
Morgan Stanley feels any interest in Axis Bank will be based on its retail franchise as it is one of the few banks with a strong retail deposit franchise.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Havells India and Dr Reddy's Labs and advises buying Petronet LNG and Siemens.
Goldman Sachs says Kotak Mahindra Bank may outperform on improving growth prospects & top quartile EPS growth. Lending book is likely to grow at 25 percent hereon, it feels.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Dr Reddy‘s Laboratories 2850 Put while he feels that the trend in Tata Motors DVR is on the downside.
Morgan Stanley also says Jubilant Foodworks' earnings are ahead of estimates and there was impressive cost control. It is best placed to capitalise on urban consumption recovery, it feels. The research firm is overweight on the Stock, with a target price at Rs 1,230.