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
Phani Sekhar of Angel Broking is of the view that one can accumulate Housing Development Finance Corporation (HDFC) at these levels from a long term perspective.
Kunal Bothra, Head of Advisory at LKP feels that Housing Development Finance Corporation (HDFC) may test Rs 880.
According to Vishal Goyal, Executive Director at UBS Securities, one may expect 20 percent returns in HDFC Bank and IndusInd Bank.
Sudarshan Sukhani of s2analytics.com is of the view that one may prefer HDFC, Reliance Industries and Hindustan Unilever.
Manoj Murlidharan Vayalar of IIFL recommends buying HDFC at around Rs 770 with a target of Rs 814 and a stoploss at Rs 750.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy HDFC.
Anand Rathi recommends buying ITC and HDFC.
Aditya Agarwal of Way2Wealth is of the view that above Rs 840, HDFC may test Rs 880-890. "One may take long positions in the stock in Rs 790-785 range with a first target of Rs 840," he adds.
Pritesh Mehta of IIFL suggests buying Siemens with a target of Rs 490 and HDFC with a target of Rs 810.
Ashish Chaturmohta of Fortune Equity Brokers recommends going long on HDFC with a target of Rs 810 and Cipla with a target of Rs 450-455. "One may also go long on Aurobindo Pharma with a target of Rs 210 in the next three-five trading sessions," he adds.
Here is how brokerages are trading HDFC, Havells India, Tata Motors and Maruti Suzuki.
Sharmila Joshi, Head of Equity at Peerless Securities is of the view that one can buy Dr Reddys Laboratories and Sun Pharmaceutical Industries from the pharma space. "From the capital goods space one can choose L&T over BHEL," she adds.
Dilip Bhat, Joint MD of Prabhudas Lilladher is of the view that one may buy HDFC as a defensive stock in this kind of choppy and uncertain market.
Sudarshan Sukhani of s2analytics.com recommends avoiding Housing Development Finance Corporation (HDFC). "One may sell HDFC and HDFC Bank on rallies," he adds.
According to Siddharth Teli of Religare Capital Markets overweight on HDFC Bank and Housing Development Finance Corporation (HDFC).
Sudarshan Sukhani of s2analytics.com recommends selling Housing Development Finance Corporation (HDFC) as the downtrend in the stock may continue.
According to Sudarshan Sukhani of s2analytics.com, one may sell Housing Development and Infrastructure (HDFC) as it promising more weakness ahead.
Siddharth Bhamre of Angel Broking feels that Housing Development Finance Corporation (HDFC) may fall further from current levels.
One should not look at Tata Motors‘ domestic play, but instead focus on Jaguar Land Rover, which plans to launch a slew of models and enter new markets. HDFC is a stock to hold even at Rs 50 higher. Mehraboon Irani is willing to look into FMCG but only on correction
Here are some trading ideas for today.
According to Shardul Kulkarni of Angel Broking, one may go long on Housing Development Finance Corporation (HDFC) with a target of Rs 870-890 on the upside over the next six-eight trading sessions.
Rajesh Agarwal, Head of Research of Eastern Financiers recommends buying LIC Housing Finance and GIC Housing Finance.
Shardul Kulkarni of Angel Broking is of the opinion that one may buy Housing Development Finance Corporation (HDFC) above Rs 830 with a stop loss at Rs 802 on the lower side.
Anish Damania of Emkay Global Financial Services is of the opinion that one may hold Axis Bank with a target price at around Rs 1,250.
Shardul Kulkarni of Angel Broking recommends buying HDFC near Rs 825 levels. Place a stop loss at Rs 803 and trade bullish for a target of Rs 870 over the next six-eight trading sessions.