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
Purely from a short-term point of view there might not be too much of significant run up but purely on a fundamental basis Sun Pharma looks fairly strong, does warrant a presence in portfolios, has a fair amount of institutional investment as well, says Nipun Mehta.
Rahul Mohindar of viratechindia.com recommends buying HDFC, NTPC and Reliance Industries.
Onto the auto space, Nischint Chawathe of Kotak Institutional Equities feels commercial vehicle operators may witness some pick up in business backed by plunge in diesel prices.
Sudarshan Sukhani of s2analytics.com recommends buying Housing Development Finance Corporation.
Meghana V Malkan, malkansview.com advises buying Ranbaxy Labs for a target price of Rs 615 and selling Reliance Capital for a target price of Rs 495.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy ITC with a target of Rs 364.50 and Jaiprakash Associates with a target of Rs 55.
Hemant Thukral of Aditya Birla Money recommends buying Bank of Baroda and advises shorting Housing Development Finance Corporation.
CK Narayan of Growth Avenues advises buying Housing Development Finance Corporation at lower levels.
According to CNBC-TV18's research team following are the stocks that should be on ones radar - HDFC, ITC, Infosys, Mphasis, Tata Motors, Bank Nifty, Maruti Suzuki, IRB, Den Networks and JK Tyre
Aditya Agarwal of Way2Wealth advises shorting HDFC with a target of Rs 830-835.
The investment bank, in a report dated March 10, says it expects a re-rating across the sector as the bad-loan cycle could be "close to the end" if the economy remains stable.
Sudarshan Sukhani of s2analytics.com is of the view that HDFC may head higher.
According to Siddharth Bhamre of Angel Broking, one may go short in HDFC with a stoploss at Rs 831.
Sudarshan Sukhani of s2analytics.com prefers ITC and HDFC.
According to Gaurav Ratnaparkhi of Sharekhan, one may buy United Spirits with a target of Rs 2520 and Godrej Industries with a target of Rs 285.
Hemen Kapadia of KR Choksey Securities suggests buying Jubilant Foodworks with a target of Rs 1065 and State Bank of India (SBI) with a target of Rs 1523.
Prakash Diwan of Altamount Capital Management is of the view that Housing Development Finance Corporation may touch Rs 1000.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Tata Power Company and HDFC.
Here are the top 10 stocks that one should keep an eye on HDFC, TCS, Jaiprakash Associates, Tata Motors, Tata Steel, Hindalco, Sun Pharma, IFCI, Dhanlaxmi Bank and The IT Index ahead of the NASSCOM guidance
According to Shrikant Chouhan of Kotak Securities, one may buy Tata Steel with a target of Rs 380-385 and HDFC with a target of Rs 820.
Rajeev Agarwal of dynamixresearch.com advises selling Jindal Steel & Power with target of Rs 251-236 and Tata Motors with a target of Rs 346-335.
According to Sudarshan Sukhani of s2analytics.com, one may buy Housing Development Finance Corporation.
The research desk at CNBC-TV18 gives a wrap on the reason to watch out for stocks like HDFC, Infosys, L&T, Raymond, Amara Raja, Biocon, M&M Financials, KPIT Technologies, Radico Khaitan and Coromandel Engineering
Sharmila Joshi advises to keep HDFC in portfolio.
Rajat Bose of rajatkbose.com advises exiting HDFC and move to IT or pharma stocks.