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
Dharmesh Kant, Indianivesh Securities advises buying Arvind for a target price of Rs 165 and Federal Bank for a target price of Rs 90.
Akshata Deshmukh of Networth Capital recommends buying India Cements for a target of Rs 59.50 and Dishman Pharmaceuticals & Chemicals for a target of Rs 96.
Vishal Malkan, Malkansview advises buying Cox & Kings for a target price of Rs 158 and Bata India for a target price of Rs 1120.
Vikrant Jadeja of Vibrant Trades suggests buying Idea Cellular with a target of Rs 138 and advises selling Mahindra & Mahindra Financial Services with target of Rs 233.
Pritesh Mehta, technical analyst at IIFL recommends selling India Cements with a target of Rs 50.
Kunal Saraogi of Equityrush recommends buying Karnataka Bank with a target of Rs 104 and LIC Housing Finance with a target price of Rs 213.
Nooresh Merani, Analyse India advises buying Tata Global Beverage for a target price of Rs 148 and Wipro for a target price of Rs 620.
Sudarshan Sukhani of s2analytics.com is of the view that one may short sell JSW Steel and Bank of India.
Kunal Bothra of LKP suggests selling United Spirits with a target of Rs 2250 and buying India Cements with a target of Rs 53.
Pankaj Jain of Sunteck Wealthmax advises buying Marksans Pharma for a target price of Rs 18.85 and Aurobindo Pharma for a target price of Rs 468.
According to Pritesh Mehta, technical analyst at IIFL, one may buy India Cements above Rs 62 for a target of Rs 75.
Meghana V Malkan of malkansview.com advises buying DLF with a target of Rs 171-177 and Hindustan Petroleum Corporation (HPCL) with a target of Rs 242-248.
Vishal Malkan of malkansview.com advises holding India Cements with a target of Rs 80-90.
According to Kunal Bothra of LKP, India Cements may test Rs 65 in the near term.
Vishal Malkan of malkansview.com advises buying Apollo Tyres for a target price of Rs 78 and Divis Labs for a target price of Rs 1125.
Pritesh Mehta of IIFL suggests buying Shasun Pharmaceuticals with a target of Rs 80 and Cairn India with a target of Rs 340.
According to Rajen Shah of Angel Stock Broking, one may see 100 percent upside in India Cements.
Manoj Muralidharan Vayalar of IIFL says that India Cements, UltraTech Cement, ACC and Ambuja Cements are top picks in cement space.
Aashish Tater, Head of Research of Fortunewizard.com feels that India Cements may test Rs 65-70 next 30-40 days session.
Vishal Malkan of malkansview.com recommends buying Bank of India with a target of Rs 154 and Housing Development and Infrastructure (HDIL) with a target of Rs 34.
Vishal Malkan of malkansview.com advised buying Bank of India with a target price of Rs 154 and HDIL with a target price of Rs 34.
According to Vishal Malkan of malkansview.com, one may sell Aurobindo Pharma with a target of Rs 159 for a stop loss of Rs 168.50 and advises selling Crompton Greaves with a stop loss of Rs 87 for targets of Rs 81.50.
Aashish Tater of Fortunewizard.com advised going short on Adani Power for a target price of Rs 25 and Tata Chemicals with a target price of Rs 220.
Sudarshan Sukhani of s2analytics.com suggests selling India Cements and Raymond. "In India Cements, a small consolidation has broken on the downside decisively, which gives much lower levels," he adds.
One may sell India Cements as there is more downside to it, says Sudarshan Sukhani of s2analytics.com.