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
Shardul Kulkarni of Angel Broking recommends selling Punjab National Bank (PNB) as public sector undertaking (PSU) banking stocks have clearly not participated in the rally.
Rajesh Jain of Religare Securities suggests buying Sesa Goa at its support of Rs 140-142 levels, keeping a closing stop loss below Rs 138 for higher target of more than Rs 150 in coming days.
Mehraboon Irani of Nirmal Bang Securities recommends buying HDFC with a target of around Rs 1,075 over the next three quarters.
Short-term traders should have stocks like real estate, HDFC Bank and HDFC in portfolio, says Kunal Bothra of LKP.
Vineet Bhatnagar, MD of PhillipCapital says that HDFC, ICICI Bank, HDFC Bank, Ranbaxy Laboratories, Sun Pharma and other front-line stocks could face some pressure in the last half hour of trade today.
SP Tulsian of sptulsian.com advises to go long on Ambuja Cement and HDFC.
SP Tulsian of sptulsian.com gives his takeaways on the Reliance annual general meeting (AGM) and the stocks to buy, hold and sell in the next week
Shardul Kulkarni of Angel Broking feels that HDFC is showing signs of pullback after significant falls over last five trading sessions. He also feels that Axis Bank has upside potential and it can move up towards Rs 1,460.
Regan Homavazir of Darashaw said he would bet heavily on HDFC, HDFC Bank and Kotak Mahindra Bank.
ICICI Direct‘s Amit Gupta feels the outperformance in HDFC Group is likely to continue. DLF, SBI and L&T, however, will not outperform, he adds.
Regan Homavazir, Associate VP-Technical Research at Darashaw is of the view that HDFC can touch Rs 1000.
HDFC touched a 52-week high of Rs 915 on Wednesday.
According to SP Tulsian of sptulsian.com one can enter Tata Global Beverage at around Rs 140. “Maybe one can look at LIC Housing, HDFC or maybe Repco Home Finance which has really posted good numbers on a further fall of about two-three percent,†he added.
HDFC has clearly become a short selling candidate because the highs that it made on the back of news have not been sustained and that is fairly bearish, says Sudarshan Sukhani of s2analytics.com.
Rahul Singh, Head of Equity Research, Standard Chartered Securities said they had an in-line rating on Housing Development Finance Corporation (HDFC).
Daljeet Kohli, Head of Research at IndiaNivesh Securities Private Limited said one had to be with HDFC in financial space. “HDFC has been the most consistent performer,†he added.
Sudarshan Sukhani of s2analytics.com advises to go long on HDFC at current levels.
One can sell HDFC with stoploss of Rs 800, says Dipesh Mehta, Nirmal Bang Securities.
HDFC may see further downside from current levels, Sudarshan Sukhani of s2analytics.com.
HDFC and HUL are looking attractive at current levels, says Sudarshan Sukhani, s2analytics.com.
Siddharth Bhamre of Angel Broking is of the view that HDFC has resistance at Rs 835.
Siddharth Bhamre of Angel Broking is not very optimistic on Nifty regaining 5800 levels easily.
On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, manasjaiswal.com, Manav Chopra, Nirmal Bang and Rakesh Gandhi, FRR share, place their bets on two stocks each, thus offering investors a variety of options to choose from.
HDFC and HUL are top picks, says Sudarshan Sukhani, s2analytics.com.
Sudarshan Sukhani, s2analytics.com advises traders to hold HDFC for long term.