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
Shardul Kulkarni of Angel Broking suggests buying MRF with a target at Rs 14000 and NMDC with a target at Rs 130.
Sudarshan Sukhani of s2analytics.com recommends buying Jaiprakash Associates.
SP Tulsian of sptulsian.com recommends buying Jaiprakash Associates with a target of Rs 30.75.
Prakash Diwan of Altamount Capital Management feels that Jaiprakash Associates may move closer to Rs 40 or even cross Rs 40. "There will not be too much of a downside at this point in time," he adds.
According to Manoj Murlidharan Vayalar of IIFL, one may buy Jaiprakash Associates as the stock may touch Rs 35.
Jaspreet Singh Arora, Analyst - Cement & Construction of Anand Rathi Institutional says the company‘s debts are the biggest worry on its fundamentals.
Rahul Mohindar of viratechindia.com feels that Jaiprakash Associates may fall to Rs 34-35. "It is not a stock to buy," he adds.
Hemant Thukral, National Head-Derivative Desk at Aditya Birla Money feels Jaiprakash Associates may retest Rs 42-40. "One should sell on rise," he adds.
According to Sudarshan Sukhani of s2analytics.com, one may sell Jaiprakash Associates.
Jaiprakash Associates' chart structure indicates a clear flag breakdown and going forward expect the stock to move towards the prior lows of around Rs 45. Sell the stock below the levels of Rs 51.35 in the July futures contract, says Shardul Kulkarni of Angel Broking.
Shardul Kulkarni of Angel Broking recommends selling Jaiprakash Associates and expects that the stock may move lower towards Rs 45.
Rahul Mohindar of viratechindia.com is bearish on Jaiprakash Associates. "I would certainly not recommend medium to long term investments in this stock even at Rs 54," he adds.
Sudarshan Sukhani of s2analytics.com says Jaiprakash Associates is a short sell.
SP Tulsian of sptulsian.com recommends selling Jaiprakash Associates at around Rs 56. "Q1 numbers will be negative for the stock," he reasons.
Sudarshan Sukhani of s2analytics.com recommends selling Jaiprakash Associates as it is going down.
Ashu Madan, President of Core Client Group at Religare Securities is of the view that Jaiprakash Associates has support at Rs 48-50. He doesn't expect any immediate reversal in the fortune of the company wherein it can take go to Rs 90.
Rajesh Agarwal, Head of Research, Eastern Financiers Limited feels one should hold Jaiprakash Associates with a target price of Rs 80.
Shardul Kulkarni of Angel Broking recommends to sell Jaiprakash Associates as it may retrace back to Rs 49-48 levels over the next eight to ten trading sessions.
Vineet Bhatnagar, MD of PhillipCapital says that HDFC, ICICI Bank, HDFC Bank, Ranbaxy Laboratories, Sun Pharma and other front-line stocks could face some pressure in the last half hour of trade today.
Jaiprakash Associates may not see Rs 65-70 levels till the company realistically has plans to deleverage itself, says Phani Sekhar, Fund Manager of Angel Broking.
Sudarshan Sukhani of s2analytics.com recommends to exit Jaiprakash Associates and Jaiprakash Power and take profits.
One may sell Jaiprakash Associates, Karnataka Bank and Sintex Industries and advises to go long term in Gujarat Mineral Development Corporation, says Pankaj Jain of Sunteck Wealthmax.
One may sell Jaiprakash Associates as it is probably going to go lower if it goes into a consolidation, feels Sudarshan Sukhani of s2analytics.com.
One may sell Jaiprakash Associates if there is a trade as it has broken all kind of support levels, says Sudarshan Sukhani of s2analytics.com.
SP Tulsian of sptulsian.com advised buying Karnataka Bank with a target price of Rs 124 and Future Retail with a target price of Rs 106.