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
Ruchit Jain of Angel Broking suggests buying Tata Power Company with a target of Rs 80.
In an interview with CNBC-TV18, market expert, SP Tulsian gave his stock picks for the day and talked about the listing of Mahanagar Gas on the Indian bourse.
Vijay Chopra of enochventures.com is of the view that one may pick ICICI Bank and Sun Pharma Advanced Research Company.
In an interview to CNBC-TV18, Rahul Arora of Nirmal Bang Institutional Equities shared his readings and outlook on specific stocks and sector.
Ashwani Gujral of ashwanigujral.com recommends buying Strides Shasun, Axis Bank and Reliance Industries.
Deven Choksey of KRChoksey Invst Managers is of the view that one can add Dr Reddy's Laboratories to the portfolio on dips for long term.
According to Chandan Taparia of Anand Rathi Securities, one can buy Shriram Transport Finance Corporation, TVS Motor Company and Dr Reddy's Laboratories.
Sudarshan Sukhani of s2analytics.com is of the view that one may see momentum is stocks like Dr Reddy's Laboratories, Sun Pharmaceutical Industries, State Bank of India, HDFC Bank and HDFC.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy IndusInd Bank, M&M Financial Services and ITC and sell HCL Tech.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy ITC, Dr Reddy's Laboratories.
Sanjiv Bhasin of IIFL is of the view that one can buy Tata Motors, Hindalco Industries, State Bank of India, UltraTech Cement and Dr Reddy's Laboratories.
Sandeep Wagle of powermywealth.com is of the view that one can buy Dr Reddy's Laboratories, Gujarat Gas and Biocon.
According to Sudarshan Sukhani of s2analytics.com, one can buy Dr Reddy's Laboratories and hold the stock.
Brokerage houses do not see any major impact of Brexit on pharma companies' earnings. In fact they have not changed their views post Friday's event, saying companies may get impacted only by currency volatility globally. According to them, any EU impact will offset by US large exposure to the US.
I won‘t be surprised to see pharma as the story for July series and won‘t be surprised in seeing a big upsurge in all big pharma, said SP Tulsian.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Zee Entertainment, HDFC Bank and NTPC and sell Bharti Infratel.
In an interview to CNBC-TV18, Mayuresh Joshi of Angel Broking shared his readings and outlook on specific stocks and sectors.
Sandeep Wagle of powermywealth.com is of the view that one can buy LIC Housing Finance and Dr Reddy's Laboratories and sell Bharti Infratel.
Sudarshan Sukhani of s2analytics.com is of the view that one can avoid Tata Motors and Tata Motors DVR on the back of Brexit referendum while one can buy Jain Irrigation Systems.
Ashish Kyal of wavesstrategy.com is of the view that one may buy Petronet LNG with a target of Rs 303.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Marico, Coal India, Bajaj Finance, Dr Reddy's Laboratories, Maruti Suzuki and State Bank of India.
Ashwani Gujral of ashwanigujral.com recommends buying Thomas Cook and advises selling Strides Shasun and Hindalco Industries and avoid Dr Reddy's Labs.
However, it warns that first half of FY17 earnings growth is likely to remain weak due to ongoing US pricing pressure. DRL's shares have de-rated sharply since November 2015, when three facilities received warning letters from the US FDA, impacting earnings-growth visibility.
Sandeep Wagle of powermywealth.com recommends selling Dr Reddy's Laboratories and Century Textiles and Industries and buy HDIL.
Rajat Bose of rajatkbose.com recommends buying Pidilite Industries and Coal India and sell Dish TV and Dr Reddy's Labs.