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
Sudarshan Sukhani of s2analytics.com recommends buying Infosys and JSW Steel.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Bajaj Auto and Havells India.
Parag Thakkar of HDFC Securities is of the view that one may look at largecap stocks.
Parag Thakkar of HDFC Securities is of the view that one may pick Tata Motors DVR, Vinati Organics and Carborundum Universal.
Nomura maintains buy call on HDFC Bank with target increased to Rs 1520 from Rs 1325 per share. It says the bank may deliver a 20 percent loan CAGR over FY16-19, adding specific SME sub-sectors may continue to see marginally elevated slippages. It says asset quality situation is very manageable.
Preferred play is HCL Technologies where there appear to be signs of RoE bottoming, she says, adding the brokerage house has an outperform rating on HCL Technologies.
In an interview to CNBC-TV18, Prakash Diwan of prakashdiwan.in shared his readings and outlook on specific stocks and sectors.
According to Sudarshan Sukhani of s2analytics.com, one can sell Mindtree and Bata India.
Ashwani Gujral of ashwanigujral.com recommends buying Ceat and Reliance Capital and advises selling Maruti Suzuki.
Ashwani Gujral of ashwanigujral.com is of the view that one may book some profits in Eicher Motors while Maruti Suzuki may hit Rs 6100.
Ashwani Gujral of ashwanigujral.com is of the view that Sun Pharma may move to Rs 900-950 while Infosys may move lower and drop below Rs 1000.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Finolex Cable and Infosys and sell DLF.
Things are not rosy for the IT sector and analysts warn that pain is going to linger. Stating that 9 of 11 companies have moderated growth outlook, Nomura says demand slowdown is broad-based and distributed across verticals, with concerns related to macro, uncertainty due to Brexit and discretionary pullbacks being commonly cited.
Citi has a sell rating on TCS with a target at Rs 2447 per share on premium valuations in the sector context.
While Market Expert Sudip Bandopadhyay believes problems TCS is facing in the US market will be a 'thing of the past' once elections are over, Deepak Shenoy believes the whole IT sector has taken a beating due to the advent of new technologies.
CA Rudramurthy BV of Vachana Investments recommends going long in Punjab National Bank and HDIL and advises shorting Infosys.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Bharat Petroleum Corporation and Tata Steel and sell Infosys.
Ashwani Gujral of ashwanigujral.com recommends buying Siemens and Tata Chemicals and advises selling Tech Mahindra and TCS.
Sanjay Dutt of Quantum Securities recommends buying Infosys even at current level.
According to Gautam Shah of JM Financial, one may avoid IT space.
Ashwani Gujral of ashwanigujral.com feels that Tata Motors may move to Rs 600-620.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Tata Chemicals and NCC and sell Infosys.
Ashwani Gujral of ashwanigujral.com is of the view that one can get into Delta Corp.
In an interview to Latha Venkatesh and Anuj Singhal on CNBC-TV18, Mehraboon Irani of Nirmal Bang Securities spoke about the current market trends and specific stocks and sectors.
CIMB maintains add rating Infosys on reasonable valuations with target cut to Rs 1185 from Rs 1250 per share. It has cut FY17-19 EPs by 2-3 percent on client- specific issues and weakening macro. It remains optimistic on medium-to-long term.