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
Simi Bhaumik of simibhaumik.com advises selling Larsen and Toubro with a target of Rs 1210-1195.
Shahina Mukadam, Independent Market Expert is of the view that one may exit IDFC.
Rakesh Bansal, VP at RK Global recommends exiting IDFC on rally and feels that HDFC is likely to outperform the stock.
Pankaj Jain of SW Capital is of the view that one may sell IDFC on rallies.
IDFC is the holding company which owns 53 stake stake in IDFC Bank. IDFC‘s share of the bank is worth (USD1.8 billion) is 30 percent higher than its market cap (USD 1.3 billion).
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy IDFC with a target of Rs 56.
Gaurang Shah of Geojit BNP Paribas Financial Services is of the view that IDFC may move to Rs 70-75.
Abhishek Gupta, Telecom Analyst at IDFC Securities says telecos revenues could fall in range from 2-3 percent to 15-20 percent, depending on the area due to call drop compensation.
Gaurav Bissa of LKP Securities advises exiting IDFC.
According to Vikram Limaye, MD & CEO, IDFC, there is yet no sign of pick up in investment cycle and the rural economy. So, unless that picks up, it would be difficult for growth to see an uptick.
Ashu Madan of Religare Securities suggests exiting IDFC.
Manas Jaiswal of manasjaiswal.com recommends holding IDFC.
Sameet Chavan, Technical Analyst at Angel Broking recommends booking profits in IDFC at around Rs 70-72.
Rakesh Bansal of RK Global is of the view that one may buy Jindal Saw with a target of Rs 78.
According to Sharmila Joshi of sharmilajoshi.com, one may remain invested in IDFC.
CA Rudramurthy BV of Vachana Investments recommends holding IDFC.
Hemen Kapadia of KRChoksey Securities is of the view that one may prefer Axis Bank and Larsen and Toubro.
According to Vishal Malkan of malkansview.com, one may hold IDFC.
Hemen Kapadia of KRChoksey Securities is of the view that one may hold Axis Bank and IDFC.
Sudarshan Sukhani of s2analytics.com is of the view that one may stay invested in IDFC with a long term view.
Chandan Taparia of Anand Rathi Securities recommends buying IDFC on decline for target of Rs 140-150 in the next couple of trading sessions.
Fundamental view has become more bearish on higher stressed loans, a lower tier 1 ratio, lower long term loan growth and lower long-term return on assets against prior estimates, said Goldman Sachs. It believes spin-off of IDFC Bank from IDFC will reduce value for existing IDFC shareholders.
Gaurav Bissa of LKP Securities suggests buying Bank of Baroda with a target of Rs 200.
Rakesh Bansal of RK Global suggests buying Balaji Telefilms with a target of Rs 95.
According to Aashish Tater of FortuneWizard.com, IDFC is a good bet and it may go to Rs 155-160 in the short term.