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
Ruchit Jain of Angel Broking advises buying Pidilite Industries with a target of Rs 742.
Hindustan Petroleum Corporation, Engineers India, Oriental Bank of Commerce are on its radar.
Top four stocks to buy from IIFL Wealth & Asset Management based on various technical parameters.
Ashish Kyal of Waves Strategy Advisors advises selling Engineers India with a target of Rs 139.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Godrej Industries and sell Engineers India.
According to Sudarshan Sukhani of s2analytics.com, one can short Engineers India and ICICI Bank and buy Bajaj Finance.
Ashwani Gujral of ashwanigujral.com is of the view that Avenue Supermarts is a decent buy even at the current level.
Sudarshan Sukhani of s2analytics.com suggests buying BPCL and HPCL and advises selling JSW Steel and Engineers India.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Colgate Palmolive, Dishman Pharmaceuticals and Future Consumer and sell Engineers India and Glenmark Pharma.
Mitessh Thakkar of miteshthacker.com recommends buying Tata Communications, Zee Entertainment, Godrej Consumer Products and KPR Mill.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Edelweiss Financial Services, Natco Pharma and DHFL and advises selling SRF and Engineers India.
According to Ashwani Gujral of ashwanigujral.com, one can buy Engineers India, Yes Bank and BHEL.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Hexaware Technologies and Godrej Consumer Products and sell Engineers India and Tata Steel.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell SRF and Engineers India and advises buying Zee Entertainment.
Mitessh Thakkar of miteshthacker.com suggests selling Ajanta Pharma and Engineers India.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy L&T Finance Holdings, Bharti Airtel and Indraprastha Gas and advises selling Apollo Tyres.
Ashwani Gujral of ashwanigujral.com suggests buying Granules India, Tata Communications, Tata Global Beverage, Engineers India and Coromandel International.
Rakesh Bansal of RK Global is of the view that one may buy Havells India with a target of Rs 455.
In an interview to CNBC-TV18 SP Tulsian of sptulsian.com gave his outlook on Bharat Forge, Dilip Buildcon, Engineers India and Tata Chemicals.
Ashwani Gujral of ashwanigujral.com recommends buying Idea Cellular, Shoppers Stop, Suprajit Engineering and Engineers India.
Sanjiv Bhasin of IIFL is of the view that Engineers India may test Rs 200 in next 6 months.
Shahina Mukadam, Independent Market Expert advises buying HCC with a target of Rs 48.
According to Sudarshan Sukhani of s2analytics.com, one can buy Ashapura Intimates Fashion and Heritage Foods and advises selling Divis Labs and Engineers India.
Ashwani Gujral of ashwanigujral.com recommends buying Heritage Foods and Bajaj Finserv and advises selling Engineers India.