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
Bhavin Desai of Motilal Oswal Securities is of the view that one may buy IDFC 110 Call.
Abhijit Paul of alphative.com recommends buying IDFC at current level as the stock may test Rs 112.
Abhijit Paul of alphative.com feels that IDFC may touch Rs 108-110 on the upside. One may keep a stop loss close to Rs 100.
Ashish Chaturmohta of Fortune Equity Broker recommends going long on IDFC with a target of Rs 114-117 in next three-five trading sessions.
SP Tulsian of sptulsian.com advises going long on Axis Bank and IDFC.
Deven Choksey, MD at KR Choksey Shares and Securities advises buying KPIT Technologies, Jain Irrigation Systems and LIC Housing Finance. He also advises holding these stocks for at least next two-three years.
Meghna Malkan of malkansview.com suggets selling Bank of India with a stoploss at Rs 180 and ACC with a stoploss at Rs 1145.
Amit Trivedi of investworks.in advises buying IDFC 100 Strike Call and selling 85 Strike Put. "One can further reduce the cost by selling 110 Call," he adds.
Rajesh Agarwal, Director - Research at Eastern Financiers Limited recommends holding IDFC. “The stock may go to Rs 110-115 levels in the next six months,†he adds.
Gopi Suvanam of investworks.in is of the view that one may pick IDFC within the non-banking financial companies (NBFC).
Vishal Kshatriya of Edelweiss Securities advises buying ITC with a target of Rs 375 and selling IDFC with a stoploss at Rs 100.
SP Tulsian of sptulsian.com recommends going long on Dish TV with a target of Rs 54 and Goodyear India with a target of Rs 340.
Shahina Mukadam of Varun Capital recommends buying Reliance Power with a target of Rs 72 and PTC India with a target of Rs 53.80.
Nooresh Mirani of AMSEC Research advises buying United Phosphorous with a target price of Rs 160 and Divis Labs with a target price of Rs 1,090.
Manoj Murlidharan Vayalar of IIFL recommends going long on Biocon as the stock may move to Rs 358.
Pathik Gandotra of Dron Capital advises buying TVS Motor Company and IDFC on correction.
According to Rishi Kohli of ProAlpha Systematic Capital, one may go long on IDFC keeping a stoploss of Rs 88.50-89.50.
Ambareesh Baliga of Edelweiss Financial Services suggests buying IDFC at around Rs 78-80.
Manoj Murlidharan Vayalar of IIFL is of the view that IDFC may touch Rs 96.
According to Sudarshan Sukhani of s2analytics.com, one may avoid IDFC. "The stock is bottoming out. This bottoming out process takes months sometimes," he adds.
Shardul Kulkarni of Angel Broking recommends selling IDFC as the stock may head back towards Rs 80.
Shardul Kulkarni, Angel Broking advises selling Bank of India September Future with a stoploss at Rs 174 and IDFC with a stoploss at Rs 99.
According to Manoj Murlidharan of IIFL, one may buy IDFC if the stock moves above Rs 106-108. "The stock may see a zone of Rs 118-120," he adds.
Deven Choksey, MD of KR Choksey Securities suggests buying Tata Motors and Mahindra & Mahindra on correction. "IDFC is available just above the one time price to book value, so such kind of opportunities one could capture," he adds.
According to Sudarshan Sukhani of s2analytics.com, see higher levels in IDFC.