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
Sudarshan Sukhani of s2analytics.com recommends buying Havells India.
AK Prabhakar Independent Advisor advises buying Rural Electrification Corporation for a target price of Rs 205 and Apollo Tyres for a target price of Rs 126.
Amit Gupta of ICICI Direct is of the view that Havells India may test Rs 850-860.
Sudarshan Sukhani of s2analytics.com recommends buying Havells India.
Pritesh Mehta, technical analyst at IIFL is of the view that Havells India may touch Rs 835.
According to Hemen Kapadia of KR Choksey Securities, one may buy Asian Paints with a target of Rs 496.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Axis Bank and Jindal Steel & Power. He also advises selling Havells India.
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.
Krish Subramanium of Asit C Mehta Investment advises selling IOC for a target price of Rs 202 and ONGC for a target price of Rs 274.
Rahul Mohindar of Viratechindia.com is of the view that one may buy Havells India.
Vishal Malkan of malkansview.com is of the view that Havells India may touch Rs 875-900 in the short term.
Bhavin Shah, CEO at Equirus Securities suggests shorting Havells India as there will be significant downside in it.
Amit Gupta, head-derivatives at ICICI Direct recommends buying Havells India as the stock may test Rs 890.
IT giant Infosys will kick start the third quarter earnings season this week. According to Shah, key factors to keep an eye on would be the impact of slew of top management exits on the company‘s revenue growth and its ability to bring it back to industry standards. However, he prefers TCS over Infosys.
Vikrant Jadeja of Vibrant Trades advises buying United Breweries with a target of Rs 800 and selling Shriram Transport Finance Corporation with a target of Rs 636.
Meghana Malkan of malkansview.com recommends buying Hexaware Technologies for a target of Rs 140 and Bata India for a target of Rs 1090.
According to Rakesh Gandhi, Independent Technical Analyst, one may buy Arvind for a target price of Rs 136 and Tata Global Beverage for a target price of Rs 162.
Aditya Agarwal of Way2Wealth suggests buying Asian Paints with a target of Rs 505-515 and Infosys with a target of Rs 3590.
AK Prabhakar, Independent Advisor recommends buying Havells India with a target of Rs 800 and Dabur India with a target of Rs 179.
Sudarshan Sukhani of s2analytics.com recommends going short in Havells India as the stock may go lower.
Vishal Malkan of malkansview.com recommends buying Bharat Forge with a target of Rs 325 and Hexaware Technologies with a target of Rs 123.
Vishal Malkan of malkansview.com advises selling Aditya Birla Nuvo November future for a target price of Rs 1140 and JSW Steel November future for a target price of Rs 820.
Gaurav Ratnaparkhi of Sharekhan suggests buying Havells India with a target of Rs 775 and ITC with a target of Rs 335.
Sudarshan Sukhani of s2analytics.com recommends buying Havells India.
Anup Bagchi, MD & CEO of ICICI Securities is positive on Shree Cement & Havells India.