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
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Apollo Tyres, Exide Industries, JSW Steel and Axis Bank and sell Tata Power.
Ashwani Gujral of ashwanigujral.com recommends buying CESC, KEC International, Britannia Industries, Balrampur Chini and Exide Industries.
Prakash Gaba of prakashgaba.com is of the view that Ashok Leyland can climb to Rs 88 and Exide Industries may hit Rs 252.
Ashwani Gujral of ashwanigujral.com recommends buying Exide Industries, Reliance Industries and Idea Cellular.
According to Rajat Bose of rajatkbose.com, one may enter Exide Industries at around Rs 200-210.
Vijay Chopra of enochventures.com advises buying Exide Industries on dips.
Ashwani Gujral of ashwanigujral.com suggests buying Canara Bank, Exide Industries and V-Guard Industries.
Sandeep Wagle of powermywealth.com is of the view that one can buy PTC India and sell Exide Industries.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy HCL Technologies, Bata India, Exide Industries and Union Bank of India and sell Aurobindo Pharma.
According to Ashish Kyal of Waves Strategy Advisors, one may buy Gujarat Fluorochemicals with a target of Rs 765.
But, it is time to tread with caution with respect to small and midcap stocks after a sharp rally in the last 12-24 months. Not all midcap stocks might strike gold for investors at current levels given the frothy valuation.
While the Nifty may remain on a consolidation path, stock-specific movements could be the flavour of the week. Here is a list of top five stocks to track based on technical parameters.
Valuation point of view, caution is still there as markets have factored in all the positives that will boost earnings in future.
Prakash Gaba of prakashgaba.com is of the view that stocks like JK Lakshmi Cement, Dabur India and Exide Industries look good at the current level.
Mitessh Thakkar of miteshthacker.com suggests buying NIIT Tech and Exide Industries.
CA Rudramurthy BV of Vachana Investments recommends going long in Indiabulls Real Estate, Sintex Industries and Exide Industries.
Mitessh Thakkar of miteshthacker.com recommends buying Exide Industries and feels that above Rs 143, Karnataka Bank may hit Rs 150.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Glenmark Pharma and M&M and buy Siemens, Larsen & Toubro and Exide Industries.
Hemant Thukral, National Head-Derivative Desk at Aditya Birla Money suggests buying Amara Raja Batteries, IRB Infrastructure and feels that BHEL may head to Rs 178-180.
Sudarshan Sukhani of s2analytics.com recommends buying Cadila Healthcare, Exide Industries and Titan Company.
Ruchit Jain of Angel Broking advises buying Arvind with a target of Rs 417.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Exide Industries, Bharat Electronics and Reliance Infra.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy LIC Housing Finance and Exide Industries and sell Ambuja Cements.
Shahina Mukadam, Independent Market Expert is of the view that one may buy Dishman Pharma with a target of Rs 245.