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
CA Rudramurthy BV of Vachana Investments is of the view that one can buy Intellect Design and DLF and likes Federal Bank.
According to Prakash Gaba of prakashgaba.com, one can go long in Shriram Transport and Intellect Design and feels that JSW Steel may test Rs 1350.
Sarvendra Srivastava of phisense.com is of the view that one may buy Gabrial India with a target of Rs 96.9.
Sharmila Joshi of sharmilajoshi.com advises buying Biocon with a target of Rs 489.
Manas Jaiswal of manasjaiswal.com recommends buying Bajaj Hindusthan with a target of Rs 20 and City Union Bank with a target of Rs 97.50.
Rahul Jain, vice president, Systematix shares and stocks, says due to attractive valuations at current price level, he is quite positive on the TCS stock and has a buy rating on it with a target price of Rs 2850 per share
Mehraboon Irani of Nirmal Bang Securities is of the view that one may look at Intellect Design.
CA Rudramurthy of Vachana Investments is of the view that one may enter Intellect Designs with a target of more than Rs 300.
Dharmesh Kant of India Nivesh Securities advises buying Canara Bank with a target of Rs 310.
CA Rudramurthy BV of Vachana Investments advises buying UFO Moviez India with a target of Rs 640.
Here‘s a list of top 10 stocks that are in news due to their Q4 earnings and other major developments.
Kunal Bothra of LKP Securities feels that Intellect Design Arena may go above Rs 160-165.
Here are top 10 stocks to focus on December 23 - HDFC, SBI, Bank Nifty, Ipca Labs, HCL Tech, Intellect Design Arena, Max India, Rel Cap, NTPC and Gujarat Pipavav.
Rajesh Agarwal, Director Research at Eastern Financiers is of the view that one may hold Intellect Design Arena.