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
Hemant Thukral of Aditya Birla Money is of the view that Dr Reddy's Laboratories can retest Rs 2995-3000.
According to Amit Gupta of ICICIdirect, Dr Reddy's Laboratories should move up.
Krish Subramanyam of Asit C.Mehta Investment Intermediates is of the view that one can buy Dr Reddy's Laboratories 3000 Call and sell 3100 Call.
Mahantesh Sabarad, Deputy Head of Research at SBI Capital Securities has a overweight stance on pharma space and prefers Dr Reddy's Laboratories.
Satish Ramanathan, Market Analyst has a positive view on the pharma sector.
Jyotivardhan Jaipuria, Head of Research, BofA ML is neutral on pharma space.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Dr Reddy‘s Laboratories.
Nilesh Shah, MD & CEO of Envision Capital is cautious on the pharmaceutical sector.
Sudarshan Sukhani of s2analytics.com recommends buying Dr Reddy's Laboratories.
Amit Gupta of ICICIdirect recommends buying Dr Reddy's Laboratories on declines and expects the stock to go beyond Rs 3000.
Mayuresh Joshi, VP- Institution at Angel Broking recommends buying Dr Reddy's Laboratories, Tata Consultancy Services and Apollo Hospitals Enterprises.
Sudarshan Sukhani of s2analytics.com recommends buying Oil and Natural Gas Corporation, Dr Reddys Laboratories and Infosys.
Watch the interview of Mayuresh Joshi, VP- Institution at Angel Broking Ltd and Kunal Saraogi, CEO of Equityrush with Sumaira Abidi & Latha Venkatesh on CNBC-TV18, in which they both shared their reading and outlook on market and specific stocks.
Ashish Chaturmohta of Fortune Equity Broker recommends going long in Dr Reddy‘s Laboratories at current levels.
According to Phani Sekhar of Angel Broking, one may prefer Cipla, Sun Pharmaceuticals and Dr Reddy‘s Laboratories in pharma space.
According to CNBC-TV18‘s research team following are the stocks to focus on Dr Reddy's, BPCL, Ranbaxy, Dishman Pharma, Bank of Baroda, Ashok Leyland, Jaiprakash Assoc, Crompton Greaves, Eicher Motors and Infotech Ent.
The top 10 stocks identified by the CNBC-TV18 research team to watch out for today are ICICI Bank, Infosys, Dr Reddy‘s , Glenmark, Ashok Leyland, HeroMoto Corp, Maruti, Jaiprakash Power, HCC, and Elantas Beck
Here are the top 10 stocks that are expected to show smart moves today.
Dipan Mehta, Member of BSE & NSE is positive on pharma companies with a medium to long term perspective.
According to Ajay Bodke, head-investment strategy & advisory at Prabhudas Lilladher, Dr Reddys Laboratories may test Rs 3023 in one year period.
According to Amit Gupta, head- derivatives at ICICI Direct, one may go long in Dr Reddys Laboratories at around Rs 2600-2650 and expects it to test Rs 2750.
Nirmal Jain, Chairman at IIFL prefers IT and pharma sector.
SP Tulsian of sptulsian.com is of the view that one may pick Dr Reddy's Laboratories on correction.
Vishal B Malkan of malkansview.com suggests buying Dr Reddys Laboratories with a target of Rs 2740-2760 and Sun Pharmaceutical Industries with a target of Rs 625-635.
Bhavin Desai of Motilal Oswal Securities recommends going long in Dr Reddys Laboratories 2700 Call with a target of Rs 90.