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 Prayesh Jain of IIFL Hero Motocorp and Bajaj Auto are the market performers.
One can sell Adani Enterprises in the range of Rs 195-198 with a stop loss above Rs 205 on closing basis. The initial target is around Rs 185 and next logical target is around Rs 175 in short-term, says Rajeev Agarwal of dynamixresearch.in.
Sandeep Singal of Emkay Global advices to stay invested in Hero Motocorp. "Typically Hero being present in rural market where we see larger spending as compared to urban market," he adds.
According to Gautam Sinha Roy, VP-Equity Strategy and Product of Motilal Oswal Securities, one can invest in Bajaj Auto and Hero Motocorp as both are interesting buys.
Sudarshan Sukhani of s2analytics.com advises to buy Hero MotoCorp as it is willing to go much higher. It is outperforming the Nifty now and outperforming most auto stocks, he adds.
Amit Gupta, ICICI Direct believes it maybe a range bound market, but one can utilise the declines to go long. He picks two stocks, Hero MotoCorp and Bharat Petroleum Corporation (BPCL) to go the long in.
Hero MotoCorp may touch Rs 1700 level in the coming sessions while BPCL can retrace towards Rs 385-390 levels, says Amit Gupta of ICICI Direct.
Manas Jaiswal of manasjaiswal.com recommends to short Punj Lloyd at current levels with a stop loss of Rs 39 and short Hero Motocorp at current levels with a stop loss of Rs 1,645.
Sudarshan Sukhani of s2analytics.com says one should prefer Mahindra & Mahindra (M&M) in auto space, and avoid Bajaj Auto.
Sudarshan Sukhani of s2analytics.com feels that Hero MotoCorp has completed its bear market and should be bought on every dips.
VK Sharma, head of private broking & wealth management at HDFC Securities suggests buying Hero Motocorp Rs 1700 Call at around Rs 40 keeping a stop loss of Rs 30.
One can buy Hero Motocorp, says Sudarshan Sukhani of s2analytics.com. "One down day does not change the overall short-term trend of the stock. It is still in an uptrend," he adds.
SP Tulsian of sptulsian.com is positive on Bajaj Auto and Hero MotoCorp. He advised holding the stock.
The corrections in Mahindra and Mahindra and Maruti Suzuki are giving a good entry point and same thing for two wheelers also, says SP Tulsian of sptulsian.com.
Sahil Kapoor of Edelweiss feels that, Hero Motocorp is a good contender to short. It may decline towards Rs 1650-1600 levels in coming days.
Sudarshan Sukhani of s2analytics.com advises to buy Hero Motocorp on dips. The charts are suggesting higher levels from hereon.
Arunesh Madan of Augment Investment is bullish on Opto Circuits India and recommends buy for a target of Rs 52 and Rs 55 going forward.
Sudarshan Sukhani of s2analytics.com advises to sell Cairn India and Hero Motocorp at current levels.
Rakesh Gandhi of FRR Share is bullish on KPIT Cummins Infosystems. He suggests buying the stock for an upward target of Rs 118 with a stop loss of Rs 104.
According to Nitin Jain of Edelweiss Securities, Hero Motocorp might be a good short bet from one to one and half years point of view.
According to Sudarshan Sukhani of s2analytics.com, one can see higher levels in Hero Motocorp. He feels it is a wonderful chart to be in on the long side.
On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya of Edelweiss, Rakesh Gandhi of FRR Shares and Shardul Kulkarni of Angel Broking, place their bets on two stocks each, thus offering investors a variety of options to choose from. Investors can read into the detailed analysis before agreeing to any or all the bets.
Acccording to Sudarshan Sukhani of s2analytics.com, Hero MotoCorp is an attractive opportunity to go long at current levels.
Sudarshan Sukhani of s2analytics.com recommended holding Hero Motocorp. According to him, one will be rewarded nicely if one holds for two years.
On CNBC-TV18's show Super Six, market gurus Vishal Kshatriya of Edelweiss, Rakesh Gandhi of FRR Shares and Shardul Kulkarni of Angel Broking, place their bets on two stocks each, thus offering investors a variety of options to choose from. Investors can read into the detailed analysis before agreeing to any or all the bets.