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
Dipan Mehta Member of BSE & NSE has a bullish stance on NBFC sector.
Akshata Deshmukh, Networth Stock Broking advises buying United Spirits for a target price of Rs 2,540 and Glenmark Pharma for a target price of Rs 765.
Sudarshan Sukhani of s2analytics.com recommends buying Glenmark Pharma, Punjab National Bank and Tata Consultancy Services.
Kunal Saraogi, CEO of Equityrush is of the view that one may buy Glenmark Pharma.
Pankaj Jain of Sunteck Wealthmax recommends going long in Sona Koyo Steering Systems for a target of Rs 55 and Glenmark Pharma for a target of Rs 799.
Kunal Saraogi, Equityrush advises buying UPL for a target price of Rs 380 and India Cements for a target price of Rs 125.
According to Sudarshan Sukhani of s2analytics.com, one may get in to Glenmark Pharma and stay invested in it.
Rahul Mohindar of viratechindia.com recommends buying Glenmark Pharma at around Rs 555-560 as the stock may touch Rs 580 in the near term.
SP Tulsian of sptulsian.com is of the view that Glenmark Pharma may test Rs 650 in next six months.
The top 10 stocks identified by the CNBC-TV18 research team to watch out for today are ICICI Bank, Infosys, Dr Reddy‘s , Glenmark, Ashok Leyland, HeroMoto Corp, Maruti, Jaiprakash Power, HCC, and Elantas Beck
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Glenmark Pharma and ITC.
Deven Choksey, MD of KR Choksey Shares & Securities prefers Glenmark Pharma and Cipla within the pharma space.
Pankaj Jain of Sunteck Wealthmax suggests buying Glenmark Pharma for a target price of Rs 569 and Tata Elxsi for a target price of Rs 406.75.
Independent Technical Analyst, Rakesh Gandhi advises buying Godrej Consumer Products for a target price of Rs 735 and Glenmark Pharma for a target price of Rs 570.
Pankaj Jain of Sunteck Wealthmax advises buying Apollo Tyres for a target price of Rs 114.75 and Tata Elxsi for a target price of Rs 406.75.
According to Sudarshan Sukhani of s2analytics.com, one may buy Glenmark Pharma.
SP Tulsian of sptulsian.com is of the view that Glenmark Pharma may test Rs 532.
Hemen Kapadia of KR Choksey Securities suggests buying Glenmark Pharma with a target of Rs 516 and Jindal Steel & Power with a target of Rs 273.
Sandeep Bhatia, Executive Director & Head of Sales at Kotak Securities advises buying Container Corporation of India.
Pankaj Jain of Sunteck Wealthmax advises buying Apollo Hospital for a target price of Rs 907 and Apollo Tyres for a target price of Rs 108.
Abhishek Karande of SBI Capital Securities is of the view that Glenmark Pharma may move upto Rs 600.
According to SP Tulsian of sptulsian.com, one may go long in Glenmark Pharma with a target of Rs 546 and advises shorting Bank of Baroda with a target of Rs 642.
Dharmesh Kant of Indianivesh Securities recommends buying Glenmark Pharma with a target of Rs 550 and advises selling Apollo Tyres with a target of Rs 85.
Prakash Diwan of Altamount Capital Management recommends buying Voltas with a target of Rs 117.90 and UCO Bank with a target of Rs 79.50.
Arvind Bothra, vice president of institutional research at Religare Capital Markets is cautious on Ranbaxy because the earnings visibility is very low and believes that the expectations of a turnaround in the US business etc are seemingly priced-in the stock.