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
Pankaj Jain of Sunteck Wealthmax advised buying YES Bank with a target price of Rs 306 and Jaiprakash Power Ventures with a target price of Rs 15.75.
Shardul Kulkarni of Angel Broking recommends buying Hindustan Zinc with a target of Rs 130-135.
SP Tulsian of sptulsian.com is positive on the nonferrous metal space and cautious on ferrous metal stocks.
Sudarshan Sukhani of s2analytics.com recommends buying Hindustan Zinc for long term.
According to Pritesh Mehta of IIFL, one may buy NMDC at around Rs 115-114 with a target of Rs 126-127. "Metal index has emerged as a dark horse in this carnage. On the weekly chart metal index has given a return of 10 percentage," he adds.
Hindustan Zinc, Hindalco Industries and Tata Steel are the top picks, says Prasad Baji of Edelweiss Securities. "Within Hindustan Zinc there is mine metal volume growth of 10-15 percent this year and next year also could be around 5-10 percent," he adds.
In an interview to CNBC-TV18, Bhavesh Chauhan of Angel Broking said that he cautiously optimistic on the metal sector.
According to Shardul Kulkarni of Angel Broking, one may hold on to Hindustan Zinc as the stock may test Rs 140-150. "One can make good returns over the next 4-6 months in the stock," he adds.
SP Tulsian of sptulsian.com recommends to remain invested in Hindustan Zinc and look for a level of Rs 140 in the stock.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com said that the clearence of HZla nd BALCO's stake sale this is an excellent move. he believes that stake sale to Vedanta is a better option then an open market sale because that would decrease the value of the stake held by the government.
Sudarshan Sukhani of s2analytics.com suggests selling metal stocks, but he says that one should stay invested in Hindustan Zinc.
Prakash Diwan of Altamount Capital Management recommends going long on United Phosphorous with a target price of Rs 153.50 and Hindustan Zinc.
Sudarshan Sukhani of s2analytics.com recommends buying Hindustan Zinc. "It has built a nice base between Rs 95 and Rs 105 and is on the verge of breaking out above it, he adds.
Vishal Malkan of malkansview.com advised buying Tata Motors DVR for a target price of Rs 150 and Jaiprakash Power Ventures for a target price of Rs 14.25.
Manoj Murlidharan Vayalar of IIFL recommends buying Hindustan Zinc close to Rs 100-150 with a stop loss of Rs 96 and a target price of Rs 109.
Prakash Diwan of Altamount Capital Management is of the opinion that one may buy Clariant Chemicals with a target of Rs 529 and stop loss of Rs 499 and advises selling Raymond with a target of Rs 226 and stop loss of Rs 239.
Sharmila Joshi of Peerless Securities advised buying Exide Industries with a target price of Rs 139 and Hexaware Technologies with a target price of Rs 110.
Devangshu Datta, Consulting Editor at Business Standard is not positive on Hindustan Zinc.
Sudarshan Sukhani of s2analytics.com advises holding Hindustan Zinc now.
Sudarshan Sukhani of s2analytics.com recommends to hold Hindustan Zinc.
Manas Jaiswal of manasjaiswal.com recommends buying Future Retail and Gujarat State Petronet.
Manoj Murlidharan Vayalar of IIFL says Hindalco is a buy. In the metal sector, he will pick up Hindustan Zinc.
SP Tulsian is negative on ferrous metal stocks but positive on Hindalco, Nalco and Hindustan Zinc
One can sell Hindustan Zinc, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani of s2analytics.com is of the opinion that one can sell Hindustan Zinc.