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
According to Sudarshan Sukhani of s2analytics.com, one may sell Exide Industries as the stock is on the verge of a breaking below its earlier lows.
Dharmesh Kant of India Nivesh Securities advises buying Exide Industries with a target price of Rs 140 and United Phosphorous (UPL) with a target price of Rs 175.
According to Ambareesh Baliga of Edelweiss Financial Services, Exide Industries may slip to Rs 115-116 because of disappointing results and one may start buying at that level.
Saurabh Mukherjea, CEO-Institutional Equities at Ambit Capital expects 20 percent upside in Exide Industries over the next year or so.
SP Tulsian of sptulsian.com feels that Exide Industries may correct to Rs 124.
Prakash Diwan of Altamount Capital recommends going long on Glenmark Pharma with a target of Rs 586 and NCC with a target of Rs 22.50.
Vishal Malkan of malkansview.com advises selling Rural Electrification Corporation October future with a target price of Rs 184 and Indiabulls Real Estate October future with a target price of Rs 60.
Hemen Kapadia of KR Choksey Securities is of the view that one may enter Exide Industries at around Rs 135 with a target of Rs 145.
Kunal Bothra of LKP advises buying NIIT Technologies with a target price of Rs 312 and Havells India with a target price of Rs 720.
Shahina Mukadam of Varun Capital recommends buying Exide Industries with a day target of Rs 139 and LIC Housing Finance with a day target of Rs 219.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Exide Industries.
Parag Thakkar, Head of Sales at HDFC Securities suggests buying Maruti Suzuki, Mahindra and Mahindra (M&M), Rallis India and Bayer CropScience with a long term view.
Parag Thakkar, Head of Sales at HDFC Securities is of the view that Exide Industries may test Rs 150-155 if rupee remains at the current level.
Shahina Mukadam of Varun Capital advises buying Exide Industries with a target price of Rs 139 and LIC Housing Finance with a target price of Rs 219.
Dhananjay Sinha of Emkay Global Financial Services prefers Exide Industries and Amara Raja Batteries.
Vikrant Jadeja of Vibrant Trades advises buying Exide Industries with a target of Rs 143 and shorting Hindalco October Future with a stoploss at Rs 113.
According to Pritesh Mehta of IIFL, Exide Industries may test Rs 141 in the next one week.
Vishal B Malkan of malkansview.com advises buying Idea Cellular with a target of Rs 177-180 and Voltas with a target of Rs 79-81.
Saurabh Mittal of Swadeshi Credits recommends buying Shipping Corporation of India with a target of Rs 36 and advises selling Financial Technologies with a stoploss at Rs 170.
Sudarshan Sukhani of s2analytics.com recommends selling Exide Industries as the stock may head back to Rs 115-120.
Sharmila Joshi of Peerless Securities recommends buying Exide Industries with a target of Rs 134 and Ceat with a stop loss of Rs 115.50.
Sharmila Joshi of Peerless Securities recommended buying Ceat with a target price of Rs 118.5 and YES Bank with a target price of Rs 248.
According to Shahina Mukadam of Varun Capital, one may buy Tata Global Beverage with a target of Rs 152 and advises selling Tata Chemicals.
Sudarshan Sukhani of s2analytics.com recommends buying Exide Industries as the stock may go up in a choppy market.
Shahina Mukadam of Varun Capital recommended buying Tata Global Beverage with a target price of Rs 152 and Jet Airways with a target price of Rs 352.