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 add selective banks, auto, pharma and FMCG stocks in the portfolio.
Manas Jaiswal of manasjaiswal.com advises buying Bank of India with a target of Rs 142.
Neeraj Deewan of Quantum Securities is of the view that one can hold Eicher Motors.
SP Tulsian of SP Tulsian.com has a bullish view on Cheviot Company.
Manav Chopra of Monarch Networth Capital suggests buying Apollo Hospitals Enterprises with a target of Rs 1420.
Pritesh Mehta, Senior Technical Analyst at IIFL recommends buying Eicher Motors, HPCL and KPIT Tech.
Gautam Sinha Roy, Fund Manager at Motilal Oswal Mutual Fund is of the view that there is still more steam left in Eicher Motors.
Sudarshan Sukhani of s2analytics.com is of the view that Apollo Hospitals, Motherson Sumi and Eicher Motors are short selling ideas.
Mayuresh Joshi of Angel Broking likes Eicher Motors and feels that one can start accumulating with a long term view.
Mithil Pradhan of Violet Arc Global Managers recommends building positions in Eicher Motors for a target of Rs 22000.
Mayuresh Joshi of Angel Broking is of the view that one may hold MRF.
Sameet Chavan of Angel Broking is of the view that one may exit Eicher Motors on bounce.
Phani Sekhar of Karvy Stock Broking is of the view that one can accumulate Eicher Motors with a long term view.
Sudarshan Sukhani of s2analytics.com advises exiting Eicher Motors.
Hitesh Goel, senior analyst at Kotak Institutional Equities recommends selling Eicher Motors as the valuations are very expensive looking at the long term picture.
Rakesh Bansal of RK Global is of the view that one can buy Dishman Pharmaceuticals & Chemicals with a target of Rs 172 and Century Textiles and Industries with a target of Rs 755.
According to Shahina Mukadam, Market Expert, one may buy Sun Pharma Advanced Research Company (SPARC) with a target of Rs 440.
Rakesh Bansal of RK Global is of the view that one can buy Britannia Industries with a target of Rs 2880 and Eicher Motors with a target of Rs 21200.
According to Shahina Mukadam, Market Expert, one may sell Jain Irrigation with a target of Rs 68 and buy Fed Llyod with a target of Rs 87.
CK Narayan, Growth Avenues said one needs to track the end of the contra trend which can be done with simple tools and as soon as that signal is up and running on the charts, it's time to get back in. He advises using this strategy to stocks like Eicher Motors, Page Industries and Bosch.
Devang Mehta of Anand Rathi Fin Svcs is of the view that one may hold Eicher Motors. "Hero Motocorp and Bajaj Auto look good on the valuation front," he adds.
UBS believes risk-reward looks attractive for Tata Motors, as it expects Jaguar Land Rover (JLR) volumes growth to move back into double digits from Q3FY15 driven by the ramp-up of the Chery JV plant and new models – Jaguar XE, XF and Discovery Sport.
Sudarshan Sukhani of s2analytics.com is of the view that one may avoid Eicher Motors.
Kunal Bothra of LKP Securities recommends picking Eicher Motors and Karnataka Bank.
So, as Indian market gets back to its feet again, here are 10 stocks that you can buy or sell as suggested by Ambit.