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
Here are brokerage views on four large caps. CLSA has upgraded Oil India to buy from underperform stating that stock a play on recovery in Brent to USD 60 per barrel in 12 months.
According to Ashwani Gujral of ashwanigujral.com, one can buy Eicher Motors, Ambuja Cements and Maruti Suzuki.
Deutsche Bank downgraded Axis Bank to hold with target price unchanged at Rs 590 per share. It says ROEs may decline to 14-15 percent while credit costs may be elevated.
Mitesh Thacker of miteshthacker.com is of the view that one can buy Engineers India, Tata Global Beverage, HPCL and Federal Bank and sell Eicher Motors.
Mitesh Thacker of miteshtahcker.com is of the view that one can buy BEML and Steel Authority of India and sell Eicher Motors.
Mitesh Thacker of miteshthacker.com recommends buying Eicher Motors and ONGC and advises selling M&M Financial Services and Bank of Baroda.
Sudarshan Sukhani of s2analytics.com recommends buying Tata Coffee and expects higher levels in the stock.
VK Sharma of HDFC Securities is of the view that one may prefer Eicher Motors 21500 Call.
Rajat Bose of rajatkbose.com recommends selling Glenmark Pharma and feels that Bharat Financial Inclusion may test Rs 780-810.
HCL Technologies posted good Q1 (FY17) numbers. SP Tulsian of sptulsian.com said that although positive bias can be seen building up for guidance, one shouldn't take a call on a company on its quarterly performance. From technology pack, he prefers Infosys followed by HCL Technologies.
Anu Jain of IIFL Private Wealth Management recommends holding Eicher Motors and Asian Paints.
Sudip Bandopadhyay, Market Expert is extremely bullish on Maruti Suzuki and feels that Eicher Motors can be bought at the current level.
Rahul Mohindar of viratechindia.com recommends buying Vedanta and Reliance Industries.
Deven Choksey of KRChoksey Invst Managers has ITC as a contra buy and feels that one can buy Biocon at lower levels while he prefers auto space, including Ashok Leyland, Tata Motors and Eicher Motors.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Eicher Motors, JSW Steel, Ajanta Pharma and Tata Motors.
Dipan Mehta, Member at BSE & NSE is of the view that Maruti Suzuki and Eicher Motors are the top picks.
Sanjiv Bhasin of IIFL is of the view that Tata Motors, Ashok Leyland, Eicher Motors and Shriram Transport are the favourite stocks.
After a long downturn, CLSA expects India's auto demand to gradually recover over the next two years. In FY17, it expects passenger vehicle (PV) industry sales to grow 9 percent YoY, 2-wheelers (2Ws) to grow 11 percent and medium & heavy commercial vehicles (M&HCVs) to grow 25 percent.
Sandeep Wagle of powermywealth.com is of the view that one can buy Adani Ports and Eicher Motors and sell UltraTech Cement.
VECV turned free cash flow positive with Rs 360 crore in FY16. VECV's EBITDA margins rose 80 basis points (bps) annually in FY16 but gross margins declined 100 bps.
Rajat Bose of rajatkbose.com feels that Eicher Motors may test Rs 19550 and Castrol India may move to Rs 394.
Ashwani Gujral of ashwanigujral.com feels that Eicher Motors may test Rs 20000-20200.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Bajaj Finance on correction.
Rajat Bose of rajatkbose.com is of the view that one can sell Godrej Consumer and CSEC and feels that Eicher Motors may hit Rs 18000.
Dipan Mehta Member at BSE & NSE recommends entering Hindalco Industries.