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
Sudarshan Sukhani of s2analytics.com suggests buying Dabur India, Vedanta and Torrent Pharma.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy ONGC, Eicher Motors and Tata Global Beverage.
CLSA believes the competition should remain high in 2-wheelers & trucks but it is easing in passenger vehicles.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Reliance Naval and Eicher Motors and can buy Prestige Estates.
Credit Suisse has an Outperform rating for Tata Steel with target price at Rs 830 per share and JSW Steel with target at Rs 300, but has a neutral rating for Jindal Steel & Power with target price at Rs 150.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell JP Associates and Hexaware Technologies and can buy ONGC.
Meanwhile, in case of Eicher Motors, the December output could have been impacted by capacity transitioning at Thiruvottiyur.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Bharat Heavy Electricals with a stop loss of Rs 92.9 for target of Rs 100 and advises selling State Bank of India with a stop loss of Rs 312 and target of Rs 296 and a sell also on Kotak Mahindra Bank below Rs 993 with stop loss of Rs 1011 for target of Rs 965.
Mitessh Thakkar of mitesshthakkar.com feels that Eicher Motors may test Rs 28,500-28,600.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Eicher Motors on dips.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Motilal Oswal, BPCL and Tata Global.
Ashwani Gujral of ashwanigujral.com feels that Eicher Motors may slip to Rs 25,000-25,500.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell IRB Infra and UltraTech Cement and can buy Sun Pharma Advanced Research Company.
Mitessh Thakkar of miteshthacker.com recommends a sell on Eicher Motors with a stop loss of Rs 30700 for target of Rs 29250 and a buy on Engineers India around Rs 181-182 with a stop loss of Rs 178.90 for target of Rs 189.
Ashwani Gujral of ashwanigujral.com suggests buying Eicher Motors, Jain Irrigation Systems and Axis Bank.
The global investment bank remains Overweight (OW) on auto parts and two-wheelers (2Ws) such as Eicher Motors.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Biocon and Adani Ports and can hold Eicher Motors while one can sell Bajaj Finance and ONGC.
Axis Capital has maintained its hold rating on Bank of Baroda with a target price of Rs 180 per share post earnings, as the research house does not see huge upside post recent run-up.
Deutsche Bank has retained a buy on Eicher Motors with a target price of Rs 33,750 while Credit Suisse has maintained an underperform rating on the stock with a target of Rs 26,600.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Ujjivan Financial Services and Larsen and Toubro and can sell Eicher Motors and Chennai Petroleum Corporation.
Mitessh Thakkar of miteshthacker.com has a buy on Amar Raja Batteries with a stop loss of Rs 713 for target of Rs 765 and a sell on ITC with a stop loss of Rs 265 for target of Rs 251 and a sell also on ACC with a stop loss of Rs 1774 for target of Rs 1730.
Ashwani Gujral of Ashwanigujral.com advises selling Eicher Motors and UltraTech Cement.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ashok Leyland and UltraTech Cement and can hold Eicher Motors and MOIL while one can sell Reliance Capital and Sterlite Technologies.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Jain Irrigation Systems and Tata Power Company and can sell Eicher Motors.
Ashwani Gujral of ashwanigujral.com recommends buying Balrampur Chini with a stop loss of Rs 163.90 for target of Rs 175 and a buy on Eicher Motors with a stop loss of Rs 31,850 for target of Rs 33,500 while he advises selling IDFC Bank with a stop loss of Rs 57.10 for target of Rs 53.