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
Shardul Kulkarni of Angel Broking recommends buying Eicher Motors as the stock may test Rs 5300 if it manages to cross Rs 4970.
Gautam Chhaochharia, Head of India Research at UBS Securities is of the view that one may buy Eicher Motors and Tata Motors.
Sudarshan Sukhani of s2analytics.com prefers automobile ancillaries including Eicher Motors and Motherson Sumi Systems.
Manish Sonthalia of Motilal Oswal AMC recommends buying Eicher Motors at current level. "One may also buy Voltas as the stock may move higher," he adds.
Within two-wheelers, Ambrish Mishra still remains very positive on Bajaj Auto because of the kind of business model they have built over the years and that is why in terms of profitability, they still remain one of the most profitable two-wheeler players in the country.
SP Tulsian of sptulsian.com is positive on Eicher Motors and neutral on Prestige Estates Projects.
Vishal Kshatriya of Edelweiss Securities recommends buying Eicher Motors with a target of Rs 4100 and Divis Laboratories with a target of Rs 1150.
Rakesh Arora of Macquarie Capital Securities recommends buying Bharat Petroleum Corporation (BPCL), Ranbaxy Laboratories and Eicher Motors on correction.
Brokerages have a buy on TCS, ITC, Maruti Suzuki, Dish TV and a sell on Eicher Motors.
Sudarshan Sukhani of s2analytics.com is of the view that Eicher Motors may go above Rs 4000.
Eicher Motors is an excellent stock. so one can buy and hold it, says Sudarshan Sukhani of s2analytics.com.
Saurabh Mukherjea, Head of Equities, Ambit Capital shares his view on Eicher Motors.
Invest in Eicher Motor, says Shrikant Chouhan, VP Technical Research of Kotak Securities.
On CNBC-TV18's in Super Six show, market gurus Hemen Kapadia, CEO of chartpundit.com, Shrikant Chouhan, VP Technical Research of Kotak Securities and Sanjeev Agarwal, CEO of Dynamix Research & Capital Management, place their bets on two stocks each, thus offering investors a variety of options to choose from.
Bajaj Auto and M&M are good investment bets, says Vivek Mavani, Vice President & Senior Portfolio Manager, Brics Securities.
Salil Sharma of Kapoor Sharma and Company advises to hold Eicher Motors.
Auto space may do well, says PN Vijay, Portfolio Manager.
Eicher Motors has target of Rs 1400, says Parag Doctor, Motilal Oswal Securities.
On CNBC-TV18's new show Super Six, market gurus Parag Doctor of Motilal Oswal Securities, Hemen Kapadia of chartpundit.com and Shrikant Chauhan of Kotak Securities, place their bets on two stocks each.
Buy Maruti Suzuki at lower levels, says Prakash Diwan, Head-Institutional Business, Networth Stock Broking.
Anish Jhaveri, Group CEO, Antique Stock Broking is bullish on Bajaj Auto, Hero Honda, Tata Motors and Eicher Motors.