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
Kunal Saraogi of Equityrush advises buying UCO Bank with a target of Rs 43.
This is depite the fact that exports revival in its US and institutional businesses seems distant as the US- Food and Drug Administration (FDA) regulatory issues are likely to remain unresolved in the next two years.
According to Rajat Bose of rajatkbose.com, one can buy IPCA Laboratories for targets of Rs 502 and Rs 505.
Rajat Bose of rajatkbose.com is of the view that Cipla may test Rs 491 while IPCA Labs may hit Rs 477.
IPCA has lost 50 percent of its market cap in the past year due to the US FDA issues at three facilities and its impact on other businesses. According to the brokerage firm, India business growth has remained resilient in the turmoil.
Rajat Bose of rajatkbose.com recommends buying ICICI Bank, State Bank of India and IPCA Laboratories.
CNBC-TV18's analysts gives stocks to keep on your radar for trade today - stocks expected to be under pressure today are ABB India, IPCA Labs, State Bank of Travancore, Sun Pharma, ITC, Godfrey Phillips and VST Industries while the stocks expected to gain are Indiabulls Housing, Bharti Airtel, Shilcar Tech, Novartis India and Excel Crop Care.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy India Cements and Havells India.
Surya Patra, pharma analyst at Phillip Capital now estimates IPCA's institutional revenues to fall to around Rs 200 crore, from its earlier estimate of around Rs 260 crore
According to Credit Suisse, slower ramp-up in malaria tender business in Africa, pricing policy hit in India portfolio starting April 2016 and potential nine-month delay in resolution in the US post the warning letter may have combined impact of 17 percent to FY17 earnings per share (EPS) and 11 percent to FY18 EPS.
Mayuresh Joshi of Angel Broking is of the view that one may prefer Ipca Laboratories.
Amit Harchekar of A-Plus Analytics is of the view that one may pick Ipca Laboratories and Siemens.
Mayuresh Joshi of Angel Broking feels that Ipca Laboratories may test Rs 900.
Rahul Mohindar of viratechindia.com recommends buying Hindalco Industries, Marico and Ipca Labs.
Mayuresh Joshi of Angel Broking recommends accumulating IPCA Labs on correction.
Kunal Bothra, Head of Advisory at LKP recommends buying Cipla, Take Solutions and Ipca Laboratories.
Rahul Mohindar of viratechindia.com recommends buying Ipca Labs for a target of Rs 800-810.
Rajat Bose of rajatkbose.com advises buying Glenmark Pharma, Ipca Labs and CESC.
Jay Thakkar of Sharekhan advises buying Dr Reddy's Laboratories with a target of Rs 4390.
Vishal Malkan of malkansview.com is of the view that one may sell UPL with a target of Rs 500.
Jay Thakkar of ShareKhan suggests selling Axis Bank with a target of Rs 490.
Anmol Ganjoo of JM Financial likes Divis Laboratories and Torrent Pharma from the pharma space.
Sudip Bandopadhyay of Destimoney Securities is of the view that Glenmark Pharma is the top pick and likes Ipca Labs and Indoco Remedies.
Jay Thakkar of ShareKhan is of the view that one may buy Ipca Laboratories with a target of Rs 875.
Rahul Mohindar of viratechindia.com is of the view that Ipca Laboratories may move to Rs 800-805.