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
Aditya Agarwal of Way2wealth suggests buying Maruti Suzuki India with a target of Rs 1755 and selling Indian Oil Corporation with a target of Rs 220.
Here are the top 10 stocks that one should keep an eye on HDFC, TCS, Jaiprakash Associates, Tata Motors, Tata Steel, Hindalco, Sun Pharma, IFCI, Dhanlaxmi Bank and The IT Index ahead of the NASSCOM guidance
Vishal B Malkan of malkansview.com suggests buying Dr Reddys Laboratories with a target of Rs 2740-2760 and Sun Pharmaceutical Industries with a target of Rs 625-635.
Kunal Bothra of LKP advises exiting Jaiprakash Associates on rallies.
Phani Sekhar of Angel Broking advises exiting Jaiprakash Associates.
According to Sudarshan Sukhani of s2analytics.com, one may avoid Jaiprakash Associates and Ranbaxy Laboratories.
Kunal Bothra, Head of Advisory at LKP is of the view that Jaiprakash Associates may rise by 4-5 percent to Rs 42.50.
Krish Subramanium of Asit C Mehta Investment feels that Jaiprakash Associates may go below Rs 35 in the near term.
Sudarshan Sukhani of s2analytics.com advises selling Jaiprakash Associates on minor rallies.
Meghana Malkan of malkansview.com advises buying Jaiprakash Associates with target of Rs 50-51 and ICICI Bank with a target of Rs 1095-1110.
Pritesh Mehta of IIFL advises buying Tata Steel with target of Rs 400 and selling Allahabad Bank with target of Rs 86.
According to Shrikant Chouhan of Kotak Securities, one may sell Jaiprakash Associates with a target of Rs 43-44 and buy Bajaj Auto with a target of Rs 1960.
Gopi Suvanam, founder of InvestWorks is of the view that one may prefer DLF and Jaiprakash Associates within the real estate space.
SP Tulsian of sptulsian.com feels that Jaiprakash Associates may test Rs 57.
Vishal Malkan, CMT advises buying CESC with a target of Rs 472-480 and Wipro with a target of Rs 570-580.
Sudarshan Sukhani of s2analytics.com recommends selling Jaiprakash Associates.
Ashish Kapur of Investshoppe recommends buying Zee Entertainment Enterprises for a target of Rs 295 and Jaiprakash Associates for a target of Rs 54.
Ashish Kapur of Investshoppe advises buying Zee Entertainment Enterprises for a target price of Rs 295 and Jaiprakash Associates for a target price of Rs 54.
Sudarshan Sukhani of s2analytics.com is of the view that Jaiprakash Associates may head lower.
According to Sharmila Joshi of sharmilajoshi.com, one may exit Jaiprakash Associates and advises shifting to pharma stocks like Sun Pharmaceutical Industries or Dr Reddys Laboratories.
Hemen Kapadia of KR Choksey Securities advises selling Divis Laboratories with a target of Rs 1122 and buying Wipro with a target of Rs 499.
Sudarshan Sukhani of s2analytics.com is of the view that one may go long in Jaiprakash Associates on dips.
Nirmal Bang is bullish on TCS, while SMC has a buy on JP Associates. Anand Rathi on the other hand recommends buying YES Bank and Apollo Tyres
Shardul Kulkarni of Angel Broking feels that Jaiprakash Associates may move up by 4-5 percent from current levels.
Vishal Jajoo of Nirmal Bang Commodities is of the view that Jaiprakash Associates may move up further.