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
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.
Vishal Kshatriya of Edelweiss Securities suggests buying Tata Global Beverage with a target of Rs 175 and Sesa Sterlite with a target of Rs 200-205.
Meghana Malkan of malkansview.com recommends buying Canara Bank with a target of Rs 237 and a stoploss at Rs 231 and Gujarat State Petronet (GSPL) with a target of Rs 56 and a stoploss at Rs 52.5.
Sharmila Joshi of Peerless Securities advises buying Ipca Laboratories with a target price of Rs 734 and PVR with a target price of Rs 513.
Meghana Malkan of malkansview.com recommends buying Gujarat State Petronet (GSPL) with a target of Rs 58 and advises selling Tata Motors (DVR) with a target price of Rs 158.
Sharmila Joshi of Peerless Securities advises selling GMR Infrastructure October Future with a target price of Rs 21.15 and Federal Bank October Future with a target price of Rs 281.
According to Sudarshan Sukhani of s2analytics.com, one may see lower levels in Gujarat State Petronet (GSPL).
Manas Jaiswal of manasjaiswal.com recommends buying Future Retail and Gujarat State Petronet.
According to Sudarshan Sukhani of s2analytics.com, Gujarat State Petronet is a short sell.
Sharmila Joshi of Peerless Securities advised buying Sterlite Industries, GSPL, Videocon Industries and GMR Infrastructure.
Sharmila Joshi of Peerless Securities advised buying Sterlite Industries with a target price of Rs 96.50. Meanwhile, Parag Doctor of Keynote Capital advised buying Britannia Industries with a stoploss at Rs 700 and for a target price of Rs 750.
Mayuresh Joshi, VP Institution at Angel Broking advised exiting Gujarat State Petronet (GSPL). “One can look at Lupin, Glenmark Pharma, Dabur or LIC Housing Financeâ€, he added.
Parag Doctor, head - trading strategies at Keynote Capital‘s recommended switching to ONGC from GSPL. “ONGC would do much better in the next year compared to GSPL,†he reasoned.
SP Tulsian of sptulsian.com recommends buying JM Financial and Gujarat State Petronet, while he keeps sell rating on Reliance Communications and IFCI.
SP Tulsian of sptulsian.com is of the view that Gujarat State Petronet (GSPL) can test Rs 63-64 in near term. "The company posted very good numbers. EBITDA margin as well as the PAT has really shown a very good growth," he adds.
SP Tulsian of sptulsian.com advised buying JM Financial with a target price of Rs 28 and GSPL with a target price of Rs 61.
One can go short in Gujarat State Petronet (GSPL), says Sudarshan Sukhani of s2analytics.com. "The stock is now on the verge of breaking support that it made earlier and also making a very bearish pattern," he reasoned.
According to Sudarshan Sukhani of s2analytics.com, Gujarat State Petronet (GSPL) is a short selling idea. The stock declined 1.79 percent to close at Rs 65.85 on Bombay Stock Exchange on Friday.
SP Tulsian of sptulsian.com feels Bharti Airtel may rise further by about 4-5 percent after the Supreme Court has adjourned the 2G summons case by about 7 weeks.
Sudarshan Sukhani of s2analytics.com, SP Tulsian of sptulsian.com and Hemant Thukral of Aditya Birla Money recommended top picks for the day.
On CNBC-TV18's show Super Six, market gurus Shardul Kulkarni Angel Broking, Rajeev Agarwal, dynamixresearch.in and Vikrant Jadeja, Vibrant Trades share, place their bets on two stocks each, thus offering investors a variety of options to choose from.
One can buy Gujarat State Petronet (GSPL), says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani of s2analytics.com is of the opinion that one can short Gujarat State Petronet (GSPL).
In an interview to CNBC-TV18, Aashish Tater, head of Research, Fortunewizard.com picks EID Parry and Gujarat Gas as his multibaggers. Tater expects sugar stocks to outperform and is therefore bullish on EID Parry. Gujarat Gas will give multifold returns from a medium-term to long-term perspective.
In CNBC-TV18's popular show Bull's Eye, Aashish Tater of FortuneWizard.com shares trading strategy of the day.