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
Manoj Murlidharan of Religare Securities is of the view that HCL Technologies is the best pick from the IT space and expects Tata Motors DVR to bounce to Rs 254.
According to Sudarshan Sukhani of s2analytics.com, one can buy HCL Technologies.
Mukul Garg, IT analyst, Societe Generale says the revenue warning is a one-off client issue and investors should still buy the stock on dips today.
Sudarshan Sukhani of s2analytics.com recommends buying HCL Technologies, HDFC Bank and Jubilant Foodworks.
Sudarshan Sukhani of s2analytics.com is positive on all IT stocks including Tech Mahindra.
Sudarshan Sukhani of s2analytics.com is of the view that one can look at HCL Technologies and Mindtree.
CK Narayan, MD, Growth Avenues Asset Advisors is of the view that one may pick Mindtree, Strides Arcolab and Aurobindo Pharma.
The management has indicated concerns about margin growth. Its first half of FY16 margin is likely to be impacted by wage hikes, large deal transitions and onsite investments despite currency benefits.
Rajat Bose of rajatkbose.com feels that HCL Technologies may slip to Rs 933-928.
Meghana V Malkan of malkansview.com is of the view that one may buy Ajanta Pharma with a target of Rs 1555.
According to Sharmila Joshi of sharmilajoshi.com, one may prefer largecap stocks like Larsen and Toubro, Sun Pharma and Dabur India.
Dipen Sheth, Head-Institutional Research at HDFC Securities is long in HCL Technologies and Infosys from the IT space.
According to Saurabh Mukherjea, CEO-Institutional Equities at Ambit Capital, one may see downside in Larsen and Toubro and UltraTech Cement.
Mayuresh Joshi of Angel Broking likes private banks and selective pharma names and also likes TCS, Infosys and HCL Technologies.
Meghana Malkan of malkansview.com advises buying Maruti Suzuki India with a target of Rs 4300.
Mayuresh Joshi of Angel Broking is of the view that one can look at Maruti Suzuki on dips.
Hemant Thukral of Aditya Birla Money likes the IT space with Infosys and HCL Technologies as the best picks and feels that Infosys may test Rs 1175-1180.
Sudarshan Sukhani of s2analytics.com is of the view that IT is now giving a sense that it is just getting ready for big upmoves and HCL Technologies is a positional trade and day trade.
Jay Thakkar of ShareKhan is of the view that one may buy Tata Chemicals with a target of Rs 488.
Jonathan Schiessel of Asburton is of the view that one may look at IT and healthcare space.
Sudarshan Sukhani of s2analytics.com recommends buying HCL Technologies as it may see follow-through momentum.
Gaurav Bissa of LKP Securities recommends buying HCL Technologies and advises selling YES Bank.
Dilip Bhat of Prabhudas Lilladher is of the view that one may prefer Infosys, HCL Technologies and Tata Consultancy Services.
Nischal Maheshwari of Edelweiss Securities is of the view that HCL Technologies may rise by 10-12 percent in next 9-12 months.
Mayuresh Joshi of Angel Broking recommends buying HCL Technologies with a target of Rs 1100.