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
According to Kunal Bothra, Head of Advisory at LKP, one may prefer Tata Motors and Hero Motocorp.
Nooresh Merani, AMSEC Research suggests buying GVK Power & Infrastructure with a target of Rs 9.50 and Hero Motocorp with a target of Rs 2250.
Ambareesh Baliga of Edelweiss Financial Services feels that Hero Motocorp may add another 12-15 percent from these levels.
According to Amisha Vora, Joint MD of Prabhudas Lilladher, Hero Motocorp is one of the top picks among auto space.
Meghna Malkan of malkansview.com suggests selling Hero Motocorp with a stoploss at Rs 2085 and buying Bharat Forge with a target of Rs 280-286.
Meghna Malkan of malkansview.com advises selling DLF for targets of Rs 149 and Rs 146 and
Sudarshan Sukhani of s2analytics.com advises buying Cipla and Hero Motocorp.
According to Prayesh Jain of IIFL, one may pick Hero Motocorp and Mahindra and Mahindra (M&M) in the automobile space.
Sudarshan Sukhani of s2analytics.com prefers Maruti Suzuki India, Tata Motors and Hero MotoCorp among the automobile space.
Amit Gupta, Head of Derivatives at ICICI Direct is positive on Hero Motocorp. He feels the stock can touch Rs 2140.
According to SP Tulsian of sptulsian.com, one may have a positive view on two wheeler space and also on Bajaj Auto, Hero Motocorp, Mahindra and Mahindra and Maruti Suzuki India.
SP Tulsian of sptulsian.com is of the view that Maruti Suzuki may go upto Rs 1450-1460 in next one month or so.
According to Abhijit Paul of Alphative Advisors, one may buy Hero Motocorp on dips. "It has a strong support close to Rs 1,900-1,950," he adds.
SP Tulsian of sptulsian.com prefers Bajaj Auto and Hero Motocorp rather than Tata Motors.
Abhijit Paul, Founder of Alphative Advisors LLP is bullish on Hero MotoCorp and feels that one may pick Tata Motors in the four-wheeler space.
Ajay Bodke, Head, Investment Strategy & Advisory of Prabhudas Lilladher is positive on Bajaj Auto and Hero Motocorp. "We see the rural demand coming back quite strongly post harvest. That is the reason why we are advocating switching over to the two-wheeler pack," he adds.
The broking firm has a hold rating on TVS Motor and is the least preferred play.
According to Hemant Thukral of Aditya Birla Money, Hero Motocorp may head towards Rs 2,100-2,150. "If HDFC Bank crosses Rs 600 then it can head towards Rs 630-640," he adds.
According to Rahul Mohindar of viratechindia.com, Hero Motocorp may add Rs 100.
SP Tulsian of sptulsian.com is positive on the two wheeler space. "The rural spending has been pushing more to the two-wheeler sales rather than the passenger cars; the passenger car situation is very bad except for Maruti Suzuki India," he adds.
Sudarshan Sukhani of s2analytics.com is upbeat on Hero Motocorp. "If the Nifty stops falling then we look at the buying opportunities, which we will identify in the morning and Hero would be one of them," he adds.
Shardul Kulkarni of Angel Broking recommends buying Hero Motocorp with a target of Rs 2070 and United Phosphorous with a target of Rs 161.
Here are the trading calls for today
JK Jain of Karvy Stock Broking is of the view that one may go long on Hero Motocorp. “If the stock sustains above Rs 1,900 it would head towards the next resistance of Rs 2,000 levels,†he adds.
Mehraboon Irani is bearish on oil PSUs due to inefficieny of government to take any bold steps since last one one-and-half months and therefore, he is negative on Oil and Natural Gas Corporation (ONGC) after the company‘s net profit slumped 34 percent.