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
Gaurav Ratnaparkhi of Sharekhan suggests buying Havells India with a target of Rs 775 and ITC with a target of Rs 335.
SP Tulsian of sptulsian.com advises buying Godrej Industries for short term as the stock may go to Rs 300-304 in this series.
Shahina Mukadam of Varun Capital recommends buying Steel Authority of India (SAIL) with a target of Rs 64.20 and Godrej Industries with a target of Rs 308.60.
Manav Chopra of Nirmal Bang advises buying Sun TV Network for a target price of Rs 470 and Future Retail for a target price of Rs 88.
Manoj Murlidharan Vayalar of IIFL recommends going long on Godrej Industries with a target of Rs 295 and keeping a stoploss at Rs 279.
According to Sudarshan Sukhani of s2analytics.com, one may sell Godrej Industries.
Brokerages recommend buying Federal Bank, Godrej Industries, Reliance Infrastructure, and Yes Bank.
Kunal Bothra of LKP recommends buying Godrej Industries with a target of Rs 280 and Adani Enterprises with a target of Rs 163.
Shahina Mukadam of Varun Capital advises buying Exide Industries with a target price of Rs 139 and LIC Housing Finance with a target price of Rs 219.
According to Sudarshan Sukhani of s2analytics.com, Godrej Industries is in a downtrend, so it may head towards Rs 210-215.
According to Sharmila Joshi of Peerless Securities, one may buy United Phosphorous with a target of Rs 153 and Godrej Industries with a target of Rs 269.
Meghana Malkan of malkansview.com advises buying Century Textile with a target price of Rs 267 and Chambal Fertiliser with a target price of Rs 38.5.
According to Rajesh Agarwal of Eastern Financiers, one may buy Bharat Heavy Electricals (BHEL) with a target of Rs 155 and advises selling Godrej Industries with a target of Rs 272.
According to Sudarshan Sukhani of s2analytics.com, one may buy Godrej Industries.
Sharmila Joshi of Peerless Securities recommends buying Dish TV India with a target of Rs 47 and advises selling Tata Motors (DVR) with a target of Rs 158.
Sharmila Joshi of Peerless Securities advised going short in DLF September futures with a target price of Rs 146 and Tata Motors DVR September futures with a target price of Rs 158.
Sudarshan Sukhani of s2analytics.com is of the view that one may sell Godrej Industries. "Godrej Industries as it breaks down from a support level promises another 10-15 percent downside," he adds.
Here are your trading calls for the day:
Sudarshan Sukhani of s2analytics.com expects Godrej Industries to break Rs 285.
Shahina Mukadam of Varun Capital recommends buying Godrej Industries with a target price of Rs 327 and advises buying Exide Industries with a target of Rs 128.
Sharmila Joshi of Peerless Securities advises buying Ceat with a target price of Rs 110 and Hexaware Technologies with a target price of Rs 93.
Rajesh Jain of Religare Securities recommends buying ACC at current market price, keeping a closing stop loss at Rs 1,225 and higher target of Rs 1,280.
Manoj Murlidharan Vayalar, Associate Vice President-Derivatives of IIFL advises to go long on Godrej Industries.
One may go long in Godrej Industries on dip, says Sudarshan Sukhani of s2analytics.com.
Manas Jaiswal of manasjaiswal.com suggest to go short in Adani Power at current levels with a stop loss of Rs 46.50 and short Jain Irrigation Systems at current levels with a stop loss of Rs 56.50.