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
Dipan Mehta, Member at BSE & NSE is of the view that one can invest in Alembic Pharma.
According to Gaurang Shah of Geojit BNP Paribas Financial Services, one may prefer Glenmark Pharma and Syngene.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have Indiabulls Real Estate, Mphasis, Federal Bank, Torrent Pharma, Dr Reddys Laboratories & Aurobindo Pharma.
Prakash Diwan of prakashdiwan.in is of the view that one can buy Dr Reddy's Laboratories.
Gaurav Ratnaparkhi of Sharekhan recommends buying Tata Comm with a target of Rs 452 and a stop loss at Rs 419 and Mahindra & Mahindra Financial Services with a target of Rs 249 and a stop loss at Rs 230.
Mayuresh Joshi of Angel Broking is of the view that Aurobindo Pharma and Sun Pharma are the preferred picks.
Mehraboon Irani of Nirmal Bang Securities is of the view that Dr Reddy's Labs is the top pick.
Sudarshan Sukhani of s2analytics.com recommends buying Dr Reddy's Laboratories.
Rahul Shah of Motilal Oswal is of the view that one can buy pharma stocks on decline.
Jai Bala of 1857 Advisors recommends sticking to frontline pharma names barring Sun Pharmaceutical Industries.
Sudarshan Sukhani of s2analytics.com is of the view that one can look at Dr Reddy's Laboratories, Aurobindo Pharma and Cadila Healthcare from the pharma space.
Mayuresh Joshi of Angel Broking recommends holding Dr Reddy's Labs.
Sudarshan Sukhani of s2analytics.com is of the view that one may prefer Lupin and Dr Reddy's Laboratories for long term.
According to Kunal Bothra of LKP Securities, one may hold Ballarpur Industries.
Sudarshan Sukhani of s2analytics.com recommends buying pharma stocks for investments including Sun Pharma.
Hemen Kapadia of KRChoksey Securities is of the view that one may buy HDFC with a target of Rs 1194.
According to Sudarshan Sukhani of s2analytics.com, one can buy Dr Reddy's Laboratories.
According to Gautam Trivedi, MD & CEO of Religare Capital Markets, Strides Arcolab is a top pick in the midcap pharma space.
According to Prakash Diwan of prakashdiwan.in, one may look at Dr Reddy's Laboratories, Glenmark Pharma and Sun Pharma from the pharmaceutical space.
Sudarshan Sukhani of s2analytics.com recommends buying phrama stocks including Cipla and Dr Reddy's Laboratories.
Meghana V Malkan of malkansview.com is of the view that one may buy Ajanta Pharma with a target of Rs 1555.
According to Sharmila Joshi of sharmilajoshi.com, one may prefer largecap stocks like Larsen and Toubro, Sun Pharma and Dabur India.
Sudarshan Sukhani of s2analytics.com is of the view that pharmaceutical is an opportunity.
Manoj Murlidharan of Religare Securities recommends buying Dr Reddy's Laboratories current month futures with a target of Rs 4102 and Larsen & Toubro with a target of Rs 1608-1610.
The pharma sector has seen the biggest correction over the past one month. The index itself has seen a 5 percent fall from the top. Abhishek Sharma, a pharma analyst at IIFL, gave his views on Dr Reddy's, Glenmark, Cipla and Sun Pharma.