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
Amit Gupta, Head- Derivatives at ICICI Direct recommends going long in Dr Reddys Laboratories on decline at around Rs 2430-2450 with a target of Rs 2480.
Ambareesh Baliga of Edelweiss Financial Services advises to prefer Sun Pharmaceutical Industries, Dr Reddys Laboratories and Lupin from the pharma space.
Sudarshan Sukhani of s2analytics.com is of the view that one may book profits in Dr Reddys Laboratories.
Sriram Rathi of Anand Rathi is positive on Dr Reddys Laboratories. "We are expecting strong results to continue for the company for the next 2-4 quarters," he adds.
Sudarshan Sukhani of s2analytics.com advises buying Syndicate Bank, Dr Reddys Laboratories and ACC.
Sudarshan Sukhani of s2analytics.com is of the view that one may switch from Dishman Pharma and look at stocks like Lupin or Dr Reddys Laboratories.
Sudarshan Sukhani of s2analytics.com advises buying Reliance Communications, Larsen and Toubro (L&T) and Dr Reddys Laboratories.
According to Aashish Tater of fortunewizard.com, the long term investors can hold Dr Reddys Laboratories. The stock may test Rs 2700-2800.
Shardul Kulkarni, Angel Broking advised buying Dr Reddys Laboratories with a target of Rs 2520 and selling Unitech October Future with a stoploss at Rs 17.55.
According to Sudarshan Sukhani of s2analytics.com, pharma stocks look attractive and advises buying Sun Pharmaceutical Industries, Cipla and Dr Reddys Laboratories.
Manas Jaiswal, manasjaiswal.com suggests buying Apollo Tyres with a target of Rs 69.50 and ITC with a target of Rs 347.
Ashish Chaturmohta Of Fortune Equity Brokers recommends buying Dr Reddys Laboratories with a target of Rs 2360 and a stoploss at Rs 2250.
According to Sudarshan Sukhani of s2analytics.com, one may buy Cipla, Lupin, Sun Pharmaceutical and Dr Reddys Laboratories at current level with a long term view.
Sandeep Singal of Emkay Global Financial Services recommends buying Dr Reddys Laboratories, Amara Raja Batteries and Motherson Sumi Systems.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Lupin, Cipla and Dr Reddys Laboratories.
Sharmila Joshi, Head of Equity at Peerless Securities is of the view that one can buy Dr Reddys Laboratories and Sun Pharmaceutical Industries from the pharma space. "From the capital goods space one can choose L&T over BHEL," she adds.
According to Sudarshan Sukhani of s2analytics.com, one may buy Dr Reddys Laboratories and Sun Pharmaceutical Industries Put options.
Shardul Kulkarni of Angel Broking recommends buying Dr Reddys Laboratories with a target of Rs 2380 and stoploss at Rs 2175.
Here are some trading ideas for today:
One can buy Dr Reddys Laboratories at its current price keeping a closing stop loss of Rs 2,150 for a target of Rs 2,350, says Rajesh Jain, Religare Securities.
One can sell Federal Bank in the range of Rs 380 to Rs 385. Keep a stop loss above Rs 395 on closing basis. My initial target is around Rs 368 and next logical target is Rs 353 in next 10-15 trading sessions, says Rajeev Agarwal of dynamixresearch.in.
Sudarshan Sukhani of s2analytics.com is of the opinion that one may buy Dr Reddys Laboratories as the stock seems to be making these new highs.
There has been open interest in last one week to the tune of 29 percent in Dr Reddys Laboratories, while ONGC has been a disappointment post oil and gas policy. From last four sessions, long positions got unwinded, fresh shorts have also creped in.
Hemant Thukral of Aditya Birla Money recommends going long on Dr Reddys Laboratories keeping a stop loss of Rs 2250 and target of Rs 2420.
Here's what brokerages are recommending for Infosys, Dr Reddy's, Mahindra and Mahindra.