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
SP Tulsian of sptulsian.com is of the view that one may buy Mahindra & Mahindra Financial Services with a target of Rs 265.
Vishal B Malkan of malkansview.com suggests buying Dr Reddys Laboratories with a target of Rs 2740-2760 and Sun Pharmaceutical Industries with a target of Rs 625-635.
Kunal Bothra of LKP is of the view that one may buy Bank of India with a target of Rs 215 and Godrej Industries with a target of Rs 290.
Independent Technical Analyst Rakesh Gandhi advises shorting Allahabad Bank for a target price of Rs 74.25 and Andhra Bank for a target price of Rs 52.25.
Pritesh Mehta, senior technical analyst at IIFL is of the view that one may sell Godrej Industries.
According to Abhishek Karande of SBICAP Securities, one may buy Godrej Industries at current level.
According to Hemen Kapadia of KR Choksey Securities, one may buy Ranbaxy Laboratories with a target of Rs 417 and State Bank of India (SBI) with a target of Rs 1661.
Manav Chopra of Nirmal Bang advises buying Idea Cellular for a target price of Rs 169 and Gujarat State Petronet for a target price of Rs 61.
Pritesh Mehta of IIFL feels that Godrej Industries may rise to Rs 295.
SP Tulsian of sptulsian.com advises to prefer FMCG stocks like Godrej Industries, GlaxoSmithKline Consumer Healthcare, Asian Paints, Dabur India and Tata Global Beverage.
Pritesh Mehta of IIFL is of the view that Godrej Industries may touch Rs 230 if the stock heads below Rs 245.
According to Nooresh Merani of Analyse India, one may buy Rallis India with a target of Rs 180-185 and UPL with a target of Rs 195.
Nooresh Merani of Analyse India advises buying Chambal Fertiliser for a target price of Rs 43 and Godrej Industries for a target price of Rs 300.
Nooresh Merani of Analyse India advises buying NALCO for a target price of Rs 43 and Chambal Fertiliser for a target price of Rs 42.
Nooresh Merani of Analyse India recommends buying Adani Power for a target of Rs 43 and UPL for a target of Rs 180.
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.
Gaurav Ratnaparkhi of Sharekhan suggests buying Godrej Industries with a target of Rs 293 and Jain Irrigation Systems with a target of Rs 73.
Nooresh Merani of AMSEC Research recommends buying UPL for a target of Rs 180 and Biocon for a target of Rs 410.
Nooresh Merani of AMSEC Research advises buying Tata Global Beverage for a target price of Rs 155 and Godrej Industries for a target price of Rs 290.
SP Tulsian of sptulsian.com recommends buying Godrej Industries with a target of Rs 274 and advises selling Dena Bank with a target of Rs 52.
Sudarshan Sukhani of s2analytics.com is of the view that Godrej Industries may touch Rs 250.
Sudarshan Sukhani of s2analytics.com advises selling Godrej Industries.
SP Tulsian of sptulsian.com recommends going long in Housing Development and Infrastructure (HDIL) with a target of Rs 49 and advises selling Adani Enterprises with a target of Rs 237.
Prakash Diwan of Asit C Mehta recommends going long on Natco Pharma with a target of Rs 829 and Cox & Kings with a target of Rs 103.50.
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.