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
Larsen and Toubro, Adani Enterprises, Ranbaxy, L&T Finance. NBFCs like IDFC, Power Finance Corporation (PFC). Also REC, UCO Bank ahead of numbers today, Amara Raja, Radico Khaitan after Rakesh Jhunjhunwala bought stake yesterday, KSK Energy Venture and Elpro International.
Sudarshan Sukhani of s2analytics.com is of the view that one may go long in IDFC at around Rs 100.
Pritesh Mehta of IIFL is of the view that IDFC may test Rs 135-140.
Meghana Malkan of malkansview.com advises buying Ashok Leyland for a target price of Rs 18.50 and Arvind for a target price of Rs 152.
According to Chandan Taparia, derivative & technical analyst at Anand Rathi Securities, one may buy IDFC 110 Call.
Sudarshan Sukhani of s2analytics.com recommends buying IDFC.
Dipan Mehta, Member of BSE & NSE is positive on IDFC. He feels there is some more steam left in the stock.
According to Mayuresh Joshi of Angel Broking, IDFC is looking attractive and the banking license is something which can be a trigger for the stock going forward.
Aashish Tater of FortuneWizard.com advises holding IDFC.
Bhavin Desai of Motilal Oswal Securities recommends buying IDFC in futures or in cash segment.
According to Kunal Bothra, head of Advisory at LKP, one may hold on to IDFC.
Gautam Chhaochharia, Head of India Research at UBS Securities is of the view that one may sell IDFC.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy IDFC as the stock may double itself in the next two-three years.
Ashish Chaturmohta of Fortune Equity Brokers is of the view that one may see 7-8 percent upside in IDFC from current levels.
Sudarshan Sukhani of s2analytics.com recommends holding IDFC as the stock may test Rs 200.
Aditya Agarwal of Way2Wealth recommends going long in IDFC with a target of Rs 116 and a stoploss at Rs 104.
Bhavin Desai of Motilal Oswal Securities recommends to buy IDFC 110 call and sell 115 call.
According to Manas Jaiswal of manasjaiswal.com, one may buy Adani Enterprises as the stock may test Rs 260 with a stoploss at Rs 240.
Shardul Kulkarni, Sr.Technical Analyst at Angel Broking recommends selling IDFC with a taregt of Rs 100 and DLF with a target of Rs 142.
Deven Choksey, MD at KR Choksey Shares and Securities advises to prefer IDFC and LIC Housing Finance from non banking financial company‘s space.
Deven Choksey, MD of KR Choksey Shares and Securities is of the view that one can prefer Adani Ports and Special Economic Zone. He advises to add Jain Irrigation Systems and IDFC from the midcap space in the portfolio.
Salil Sharma of Kapur Sharma & Co is of the view that IDFC may test Rs 125-130 in the next 10-14 days.
Krish Subramanyam of Asit C Mehta Investment recommends selling IDFC 100 Put and 120 Call.
Sudarshan Sukhani of s2analytics.com recommends buying IDFC.
Nooresh Merani, AMSEC Research suggests buying GVK Power & Infrastructure with a target of Rs 9.50 and Hero Motocorp with a target of Rs 2250.