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
The deal marks the fifth acquisition for Torrent. In 2014, Torrent had acquired a set of Elder brands. In the past few years it has acquired manufacturing plants from ZygPharma and Glochem industries and few brands from Novartis.
According to Gaurang Shah of Geojit BNP Paribas Financial Services, one may hold Torrent Pharma.
Anmol Ganjoo of JM Financial likes Divis Laboratories and Torrent Pharma from the pharma space.
Rajat Bose of rajatkbose.com is of the view that Elder Pharmaceuticals may test Rs 121 and Vesuvius India may hit Rs 757-761.
According to Rajesh Agarwal of Eastern Financiers, one may buy ILandFS Transportation Networks (ITNL) with a target of Rs 112 and Dishman Pharmaceuticals with a target of Rs 50.
Saurabh Mittal of Swadeshi Credits advises buying Dena Bank with a target price of Rs 52 and Rolta with a target price of Rs 61.
Sudarshan Sukhani of s2analytics.com recommends selling Elder Pharmaceuticals and advises looking at either Cipla, Dr Reddys Laboratories or Lupin.
Vishal Malkan of malkansview.com advised buying Opto Circuits for a target price of Rs 27.50 and Titan Industries for a target price of Rs 240.
SP Tulsian of sptulsian.com feels Elder Pharmaceuticals can move to a level of Rs 425-430 if the stake sale get fructified.
SP Tulsian of sptulsian.com is of the view that investors holding Elder Pharmaceuticals can exit from the stock.
One should stay invested in Elder Pharmaceuticals, says Pankaj Jain, Director, Sunteck Wealthmax Capital Pvt Ltd. He feels that stock can test Rs 320-330.
Elder Pharma has target of Rs 410, says Jagannadham Thununguntla of SMC Global.
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