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
Shahina Mukadam of Varun Capital recommends buying Buy ITC for a target price of Rs 377 and Apollo Tyres for a target price of Rs 249.
Pritesh Mehta of IIFL recommends buying Finolex Cables and Power Finance Corporation.
Pritesh Mehta, Senior Technical Analyst at IIFL is of the view that one can buy Finolex Cables and Biocon.
Sandeep Shenoy, Executive Director-Institutional –Equities at Anand Rathi Financial Services is of the view that Finolex Cables can double from current levels in the next two years.
According to Sharmila Joshi of sharmilajoshi.com, one may stay invested in Finolex Cables.
According to Kunal Bothra of LKP, Finolex Cables may touch Rs 90.
Kunal Bothra of LKP recommends buying Finolex Cables and advises selling Sun TV Network.
Meghana Malkan of malkansview.com advises buying Ashok Leyland for a target price of Rs 18.50 and Arvind for a target price of Rs 152.
According to Krish Subramanium of Asit C Mehta Invst Intermediates, one may buy Finolex Cables for a target of Rs 81 and TV Today Network for a target of Rs 126.
Vishal Malkan of malkansview.com advises buying Divis Labs for a target price of Rs 1,195 and YES Bank for a target price of Rs 415.
Nooresh Merani of AMSEC is of the view that Finolex Cables may touch Rs 100.
Yogesh Mehta of Motilal Oswal Securities is of the view that Finolex Cables may touch Rs 80.
According to Kunal Bothra of LKP, one may buy Tech Mahindra for a target of Rs 1780 and Karnataka Bank for a target price of Rs 107.
Pankaj Jain of Sunteck Wealthmax advises buying CEAT for a target price of Rs 229.50 and JK Tyre for a target price of Rs 139.75.
Kunal Bothra of LKP recommends buying Finolex Cables for a target of Rs 78 and Indiabulls Housing Finance for a target of Rs 228.
Kunal Bothra of LKP Shares advises buying Finolex Cables for a target price of Rs 78 and Indiabulls Housing Finance for a target price of Rs 228.
Manav Chopra of Nirmal Bang recommends buying Finolex Cables with a target of Rs 70 and advises selling IFCI with a target of Rs 23.50.
Krish Subramanium of Asit C Mehta advises buying Mangalore Refinery and Petrochemicals for a target price of Rs 45.75 and Torrent Pharma for a target price of Rs 512.
According to Nooresh Merani of AMSEC Research, one may buy Dabur India with a target price of Rs 166 in the day and a stop loss at Rs 157 and advises buying Tech Mahindra with a stop loss at Rs 1,190.
Nooresh Merani of AMSEC Research advised buying Dabur India with a target price of Rs 166 and Tech Mahindra with a target price of Rs 1300.
According to Ashish Kapur of Investshoppe one may go long on Dabur India with a target of Rs 174 and a stop loss at Rs 163.50 and suggest going long on Bata India with a target of Rs 960 and a stop loss at Rs 915.
Aashish Tater of FortuneWizard.com advised going long on JSW Energy with a target price of Rs 43.5 and UCO Bank with a target price of Rs 65.5.
Prakash Diwan of Altamount Capital Management is of the opinion that one may go long on KPIT Cummins Infosystems with a target price of Rs 123.50 and a stop loss of Rs 117.50 and also advises to go long on Finolex Cables with a target price of Rs 54.90 and a stop loss at Rs 52.90.
Aashish Tater of Fortunewizard.com advised buying Strides Arcolab with a target price of Rs 920 and Polaris Financial Technology with a target price of Rs 118.
Rajen Shah, CIO at Angel Broking feels that over the next two-three years Finolex Cables could move beyond Rs 150. Its 90 percent of the turnover comes from electrical cables and 10 percent comes from communication cables, he adds.