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
Manas Jaiswal, manasjaiswal.com advises buying HDFC Bank with a target of Rs 665 and HPCL with a target of Rs 205.
Shardul Kulkarni of Angel Broking recommends selling IDFC September Futures contract with a stoploss at Rs 101 and target of Rs 80 over the next 8-10 trading sessions.
Deven Choksey, MD of KR Choksey Securities is of the view that one may invest in IDFC and LIC Housing Finance with a long term view.
According to Deven Choksey, MD of KR Choksey Securities, one ay pick YES Bank, Tata Motors and SBI in the falling market.
Sudarshan Sukhani of s2analytics.com recommends buying IDFC at current prices.
Sudarshan Sukhani of s2analytics.com recommends buying IDFC and advises holding it with a view of 2-3 years.
Deven Choksey, MD of KR Choksey Securities is of the view that one may prefer IDFC and LIC Housing Finance. "This could be a good opportunity to add them into the portfolio apart from some of the banking stocks," he adds.
Sharmila Joshi of Peerless Securities feels that IDFC may move to Rs 95-96.
According to Siddharth Bhamre of Angel Broking, one may go long on IDFC with a stoploss at Rs 83. "The stock can touch three figure mark again," he adds.
According to SP Tulsian of sptulsian.com, one may look into stocks like IDFC and Power Finance Corporation (PFC) with a one month point of view.
Manas Jaiswal of manasjaiwal.com advised buying United Spirits with a stoploss at Rs 24.15 and for a target price of Rs 25.25. Buy IDFC with a stoploss at Rs 83 and for a target price of Rs 90
Sanjeev Agarwal of Dynamix Research and Capital Management feels that IDFC is likely to break the bottom because the market trend seems down.
Prakash Diwan of Altamount Capital Management suggests buying IDFC at current level.
According to Sudarshan Sukhani of s2analytics.com expects lower levels in IDFC.
According to Ashu Madan, President - Core Client Group at Religare Securities advised selling IDFC at around Rs 90.
According to Siddharth Bhamre of Angel Broking, one may avoid IDFC.
According to Nooresh Merani, AVP Technical of AMSEC Research, one may hold on to IDFC with a long term view of two years. "One may see IDFC slide to Rs 75 in the next couple of months," he adds.
Siddharth Teli of Religare Capital Markets recommends holding IDFC.
According to Sudarshan Sukhani of s2analytics.com, one may see lower levels in IDFC.
Rajeev Agarwal of Dynamixresearch.in suggests buying NMDC with a target of Rs 115-122 and Siemens with a target of Rs 464-490.
Rajesh Jain of Religare Securities advices buying Ranbaxy Laboratories with target of Rs 415 and selling DLF with a target of Rs 135.
Here are some trading ideas for today
One can buy Dr Reddys Laboratories at its current price keeping a closing stop loss of Rs 2,150 for a target of Rs 2,350, says Rajesh Jain, Religare Securities.
According to Shardul Kulkarni of Angel Broking, one may see lower levels in IDFC and advises selling the stock on every rise. "One can accumulate at around Rs 85 or Rs 80," he adds.
Sudarshan Sukhani of s2analytics.com feels IDFC may slip below Rs 100. "Today's pain is just a random occurrence. It has been continuing for almost two months now," he adds.