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
Prakash Gaba of prakashgaba.com advises exiting Gitanjali Gems.
Prefer Titan Company: Gaurang Shah
Price to book value measure is used for those companies whose present value of the assets cannot be truly reflected in the book value. For banks’ valuation, P/BV is most suited given its borrowing business model and narrow RoE structure.
Sameet Chavan of Angel Broking is of the view that one may buy Indiabulls Real Estate with a target of Rs 92.
Sharmila Joshi of sharmilajoshi.com is of the view that one may exit Gitanjali Gems.
Rajat Bose of rajatkbose.com is of the view that one may hold Gitanjali Gems.
Sandeep Wagle of powermywealth.com recommends selling Voltas and Tata Steel and advises buying Gitanjali Gems.
Sandeep Wagle of powermywealth.com recommends buying Petronet LNG, Gitanjali Gems and AIA Engineering.
Pritesh Mehta, senior technical analyst at IIFL is of the view that one can exit Gitanjali Gems and advises switching to Punjab National Bank and Oil and Natural Gas Corporation.
Pankaj Jain of Sunteck Wealthmax recommends buying Gitanjali Gems and Lanco Infratech.
Dharmesh Kant of Indianivesh Securities suggests buying Arvind for a target price of Rs 145 and Federal Bank for a target price of Rs 90.
Sudarshan Sukhani of s2analytics.com advises to stay away from Gitanjali Gems.
Nooresh Merani of AMSEC is of the view that one can exit Gitanjali Gems.
According to Kunal Bothra, Head of Advisory at LKP, one may avoid Gitanjali Gems.
Phani Sekhar, Fund Manager, PMS of Angel Broking recommends avoiding Gitanjali Gems.
Shardul Kulkarni of Angel Broking recommends selling Gitanjali Gems. "The company has been in corporate governance issues and it is best to stay away from this stock," he adds.
Sudarshan Sukhani of s2analytics.com says Ashok Leyland is a short sell and Gitanjali Gems is something one cannot touch.
One can exit Jet Airways, says Ambareesh Baliga, Managing Partner-Global Wealth Management, Edelweiss Financial Services.
One may see 10 percent lower circuit in Gitanjali Gems, says SP Tulsian of sptulsian.com.
SP Tuslian of sptulsian.com says he won't be surprised to see Gitanjali Gems correcting to a level of Rs 300-320.
SP Tulsian of sptulsian.com feels Titan Industries may settle around Rs 224-225 levels in short term.
One can buy Gitanjali Gems at current market levels as the stock is expected to test Rs 650 level in near term, says Rahul Mohindar of viratechindia.com.
One can buy Gitanjali Gems, says Sudarshan Sukhani of s2analytics.com.
SP Tulsian of sptulsian.com is neutral on Gitanjali Gems.
In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Amit Trivedi of Fin Stream Financial Advisors give top pick for the day.