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 is of the view that one can exit Jaiprakash Associates and advises picking ICICI Bank, State Bank of India and Mahindra & Mahindra Financial Services.
Here are top 10 stocks to keep an eye on November 13 - DLF, TVS Motor, Tata Steel, JP Associates, J&K Bank, Eicher Motors, BPCL, BGR Energy, NALCO and Marico Kaya.
Phani Sekhar, Fund Manager-PMS at Angel Broking advises exiting Jaiprakash Associates.
According to Kunal Saraogi, CEO at Equityrush, one may prefer IDFC over Jaiprakash Associates.
Pankaj Jain of Sunteck Wealthmax recommends selling Indiabulls Real Estate and Jaiprakash Associates.
Pankaj Jain, Sunteck Wealthmax advises buying Vivimed Labs for a target price of Rs 375 and Pennar Industries for a target price of Rs 63.
Dharmesh Kant, IndiaNivesh Securities Private Limited advises buying Tamil Nadu Newsprint and Papers for a target price of Rs 172 and Pratibha Industries for a target price of Rs 73.
According to research firm Nomura, Indian banks have around USD 10 billion of exposure to the JPA Group.
JP group promoter has done more damage to the organisation by diluting stake worth just Rs 170 crore which led to a severe correction in the stock price causing collateral damage of more than Rs 10,000 crore.
According to Manas Jaiswal of manasjaiswal.com, below Rs 35 Jaiprakash Associates may test Rs 27-28.
Vishal Jajoo of Nirmal Bang Securities recommends buying Amtek India with a target of Rs 101 and Wockhardt with a target of Rs 748.
Vishal Jajoo, Nirmal Bang Securities advises buying Kopran for a target price of Rs 65.50 and Jaiprakash Associates for a target price of Rs 55.75.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy ITC with a target of Rs 364.50 and Jaiprakash Associates with a target of Rs 55.
SP Tulsian of sptulsian.com feels that Jaiprakash Associates may move to Rs 53.
Hemant Thukral of Aditya Birla Money recommends booking profits in State Bank of India, Axis Bank and YES Bank from the banking space.
According to CNBC-TV18‘s research team following are the stocks to focus on Dr Reddy's, BPCL, Ranbaxy, Dishman Pharma, Bank of Baroda, Ashok Leyland, Jaiprakash Assoc, Crompton Greaves, Eicher Motors and Infotech Ent.
SP Tulsian of sptulisan.com recommends going long in Jaiprakash Associates with a target of Rs 49 and Adani Ports with a target of Rs 189.
SP Tulsian of sptulsian.com is of the view that Jaiprakash Associates may test Rs 50-51.
Manas Jaiswal, technical analyst at manasjaiswal.com is of the view that one may short Jaiprakash Associates as the stock may touch Rs 38.
Ashish Chaturmohta of Fortune Equity Broker is of the view that one may short Jaiprakash Associates as the stock may move down and test Rs 36-37.
According to Sudarshan Sukhani of s2analytics.com, one may avoid Jaiprakash Associates and Jaiprakash Power.
Checkout the top ten stocks that CNBC-TV18's research team would like you to focus on: IOC, RIL, ICICI Bank, JP Power, JP Associates, MARUTI, Tata Motors, TVS Motor, Mahindra and Mahindra and HT Media.
Siddharth Bhamre of Angel Broking recommends going long in JP Associates as the stock may test Rs 48-49.
SP Tulsian of sptulsian.com is positive on Jaiprakash Associates and says that the stock may test Rs 47-48.
According to Aditya Agarwal Of Way2Wealth.com, one may go long in Jaiprakash Associates with a target of Rs 45-48.