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
Aditya Agarwal of Way2Wealth Securities suggests buying IndusInd Bank with a target of Rs 590 and selling Titan Company with target of Rs 337.
Hemen Kapadia of KR Choksey Securities advises selling Ranbaxy Laboratories with a target of Rs 349 and Mcleod Russel (India) with a target of Rs 278.
Manishi Raychaudhuri of BNP Paribas Securities India prefers Persistent Systems, IndusInd Bank and Crompton Greaves.
Pankaj Jain of Sunteck Wealthmax advises buying HDIL for a target price of Rs 51.95 and HOEC for a target price of Rs 47.95.
These are the ten stocks you should be eyeing today as market hits new highs.
Chandan Taparia, derivative & technical analyst at Anand Rathi Sec feels that IndusInd Bank may move to Rs 430-435.
SP Tulsian of sptulsian.com has a positive stance on private sector banks.
Ajay Srivastava, CEO, Dimensions Consulting is of the view that one may prefer YES Bank and IndusInd Bank.
Kunal Saraogi of Equityrush recommends buying Muthoot Finance with a target of Rs 173 and advises selling Steel Authority of India with a stoploss at Rs 59.
Manav Chopra, Nirmal Bang advises buying Allahabad Bank for a target price of Rs 78 and Muthoot Finance for a target price of Rs 180.
According to Gaurav Ratnaparkhi of Sharekhan, one may buy United Spirits with a target of Rs 2520 and Godrej Industries with a target of Rs 285.
Sudarshan Sukhani of s2analytics.com is of the view that one may prefer IndusInd Bank.
Nischal Maheshwari of Edelweiss Securities is cautious on banking space.
Lancelot D Cunha of ITI Wealth Management recommends buying Sun Pharma Advanced Research Company for a stoploss at Rs 153 and Crompton Greaves for a target of Rs 125.50.
Lancelot D Cunha, ITI Wealth Management advises buying IndusInd Bank for a target price of Rs 394 and Crompton Greaves for a target price of Rs 125.50.
Dharmesh Kant of Indianivesh Securities recommends buying IndusInd Bank with a target of Rs 420 and Granules India.
Rajiv Mehta, Banking Analyst at IIFL is of the view that one may buy IndusInd Bank with a target price of Rs 507.
Sudarshan Sukhani of s2analytics.com advises selling YES Bank, IndusInd Bank and Allahabad Bank.
Gopi Suvanam, Founder of InvestWorks advises pair trade where one may sell IndusInd Bank and buy ICICI Bank.
Till the time Infosys bridges the revenue gap with its peers, Rajiv Mehta, Banking Analyst, India Infoline prefers TCS and HCL Technologies over Infosys.
Hemant Thukral of Aditya Birla Money is of the view that IndusInd Bank may touch Rs 380-385.
Prakash Diwan of Altamount Capital Management advises taking profits in IndusInd Bank. "The loan growth continues, but the quality will deteriorate because the cost of funds is always getting higher and higher," he adds.
According to SP Tulsian of sptulsian.com, one may short IndusInd Bank and YES Bank.
IT giant Infosys will kick start the third quarter earnings season this week. According to Shah, key factors to keep an eye on would be the impact of slew of top management exits on the company‘s revenue growth and its ability to bring it back to industry standards. However, he prefers TCS over Infosys.
Vishal Malkan, CMT advises buying CESC with a target of Rs 472-480 and Wipro with a target of Rs 570-580.