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
According to Abhishek Agarwal of Fortune Interfinance, one may buy Fresenius Kabi Oncology with a target price of Rs 155 and a stop loss of Rs 140 and sell IDFC.
Hemant Thukral, National Head-Derivative Desk at Aditya Birla Money is of the view that one can short IDFC with target of Rs 106. "Keep a stoploss at Rs 124," he adds.
Prakash Diwan of Altamount Capital Management recommended buying GMR Infrastructure with a target price of Rs 17.25 and Mindtree with a target price of Rs 991.
According to Sanjeev Agarwal, CEO of Dynamix Research & Capital Management is of the opinion that one may buy IDFC at around Rs 90-100 and advises not to buy the stock at current levels.
Sudarshan Sukhani of s2analytics.com is of the view that one may avoid IDFC or short sell it.
Jaiprakash Associates' chart structure indicates a clear flag breakdown and going forward expect the stock to move towards the prior lows of around Rs 45. Sell the stock below the levels of Rs 51.35 in the July futures contract, says Shardul Kulkarni of Angel Broking.
Hemant Thukral, National Head-Derivative Desk of Aditya Birla Money is of the opinion that IDFC may touch Rs 135-136.
Sudarshan Sukhani of s2analytics.com recommends buying HDFC Bank with a target price of Rs 690-700 and IDFC with a target of Rs 140.
Sudarshan Sukhani of s2analytics.com says there is a buying opportunity in IDFC. "If the Nifty stays steady, then I would assume IDFC to see much bigger rallies," he adds.
Sudarshan Sukhani of s2analytics.com is of the view that IDFC is a very attractive buying opportunity for long term.
Shardul Kulkarni of Angel Broking recommends to sell IDFC July futures with a stop loss of Rs 132 and Larsen and Toubro July futures with a stop loss of Rs 1,378.
Parag Doctor, Head - Trading Strategies of Keynote Capital recommends to buy IDFC, which has support at around Rs 135-140 levels.
Rajesh Agarwal, Head of Research of Eastern Financiers says one can definitely hold IDFC with a target of Rs 175 in the next 9-12 months.
One can buy IDFC and hold it for 2-3 years, feels Sudarshan Sukhani of s2analytics.com.
Vishal Kshatriya of Edelweiss recommends going long in HCL Technologies with a target of Rs 820 and go long in Kotak Mahindra Bank with a target of Rs 800-810.
Sudarshan Sukhani of s2analytics.com recommends buying Dabur India and Idea Cellular.
SP Tulsian of sptulsian.com advised buying Reliance Communications with a target price of Rs 113 and United Breweries with a target price of Rs 698.
Vishal Malkan of malkansview.com advised selling Tata Steel with a stoploss at Rs 282 and for a target price of Rs 269-266.
According to Shardul Kulkarni of Angel Broking one can expect a sideways activity in IDFC in two-three days. One can short IDFC around Rs 152.
Sudarshan Sukhani of s2analytics.com advises short-term traders to short IDFC at current levels.
One can sell IDFC, says Sudarshan Sukhani of s2analytics.com. "The stock has made double top and broken down from it, "he adds.
Arunesh Madan of Augment Investment suggest shorting Reliance Industries at the current market price, keep a stop loss above Rs 850 levels on closing basis and look for a target of Rs 820 and Rs 810 going forward.
According Shardul Kulkarni of Angel Broking, if IDFC falls below Rs 151 then one can see a rapid fall towards Rs 145-144 odd levels.
Sudarshan Sukhani of s2analytics.com said he would prefer IRB Infrastructure Developer and IDFC.
One can buy IDFC, says Sudarshan Sukhani of s2analytics.com.