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
Aashish Tater of Fortunewizard.com advised buying GVK Power with a target price of Rs 7.40 and IRB Infrastructure with a target price of Rs 65.
According to Pankaj Jain of Sunteck Wealthmax, one may go long on Financial Technologies with a target price of Rs 145 and selling HPCL with a target price of Rs 171.
Prakash Diwan of Altamount Capital Management recommends going long on IRB Infrastructure with a target of Rs 69.50 and Jain Irrigation Systems with a target of Rs 51.50.
Sharmila Joshi of Peerless Securities advised selling Aurobindo Pharma August future with a target price of Rs 170 and Apollo Tyres August future with a target price of Rs 61.5.
Prakash Diwan of Altamount Capital Management advised buying Jet Airways with a target price of Rs 328.50 and Hexaware Technologies with a target price of Rs 124.90.
Saurabh Mittal, Director of Swadeshi Credits recommended buying United Spirits with a target price of Rs 2420 and Muthoot Finance with a target price of Rs 104.
SP Tulsian of sptulsian.com is negative on IRB Infra. "The stock may slip below Rs 40 in next couple of weeks," he adds.
According to Manas Jaiswal of manasjaiswal.com, one can buy Tata Global Beverage at current levels with the stop loss of Rs 154. The stock can test Rs 165 in next one-two trading sessions.
Sudarshan Sukhani of s2analytics.com advises to sell PTC India. "This stock fell from Rs 63 to Rs 42-43 and then had a small rally to Rs 47-48. The rally seems to have completed itself and the stock is now continuing to fall again," he adds.
According to Sharmila Joshi of Peerless Securities, one may buy IRB Infrastructure Developers with a target of Rs 103 and advises to also buy Polaris Financial Technology with a target of Rs 116 and a stop loss at Rs 112.
Sharmila Joshi of Peerless Securities advised buying IRB Infrastructure with a target price of Rs 103 and Polaris with a target price of Rs 116.
Rajesh Agarwal, Head of Research of Eastern Financiers is of the view that one may hold IRB Infrastructure Developers with a price target of Rs 120 in the next three to six months.
According to Sudarshan Sukhani of s2analytics.com, one may sell Dish TV as it has broken down from all kind of support levels. He also recommends selling IRB Infrastructure Developers.
Ashu Madan, President, Core Client Group of Religare Securities recommends to hold on to IRB Infra.
Aashish Tater of fortunewizard.com recommends to go long on JM Financial for a target of Rs 29 and IRB Infrastructure Developers for a target of Rs 103.50.
Aashish Tater of Fortunewizard.com advised going long on JM Financial with a target price of Rs 29 and going short on HDIL with a target price of Rs 39.5.
Sudarshan Sukhani of s2analytics.com recommends to sell IRB Infra as it has broken down from a very strong support level.
Sharmila Joshi, Head of Equity of Peerless Securities advises to hold on to IRB Infra.
One may exit IRB Infra on small bounce that is expected to happen towards Rs 105, says Jagannadham Thununguntla, Strategist & Head of Research of SMC Global Securities.
Ashu Madan-President-Core Client Group of Religare Securities sees some more correction in IRB Infrastructure. So he advises one to wait for some more time before taking any position.
Phani Sekhar, Fund Manager of Angel Broking recommends to buy IRB Infrastructure after some more correction, with long term perspective.
Pankaj Jain of Sunteck Wealthmax recommends to sell IRB Infrastructure, Dena Bank, Raymond & Jaiprakash Power.
SP Tulsian of sptulsian.com advises to go short on Jaiprakash Power Ventures with a target price of Rs 16.50 and Opto Circuit with a target price of Rs 17.50.
SP Tuslian of sptulsian.com advises to short UCO Bank and IRB Infrastructure Developers.
Sudarshan Sukhani of s2analytics.com advises to avoid IRB Infrastructure Developers.