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
According to Pankaj Jain of Sunteck Wealthmax, one may short Jain Irrigation Systems for a target price of Rs 59 and Syndicate Bank for a target price of Rs 78.10.
Independent Technical Analyst Rakesh Gandhi advises selling Allahabad Bank for a target price of Rs 75.5 and Jindal Steel and Power for a target price of Rs 246.25.
Manav Chopra of Nirmal Bang recommends buying Union Bank of India with a target of Rs 130 and Oriental Bank of Commerce with a target of Rs 207.
Sharmila Joshi, Independent Analyst advises buying IRB Infrastructure for a target price of Rs 103 and Escorts for a target price of Rs 124.
Manav Chopra of Nirmal Bang recommends buying Dish TV India for a target of Rs 61 and Indiabulls Real Estate for a target of Rs 74.
Dharmesh Kant of India Nivesh Securities advises buying Aurobindo Pharma for a target price of Rs 320 and Alembic Pharma for a target price of Rs 215.
Manav Chopra of Nirmal Bang recommends buying Jaiprakash Power Ventures for a target of Rs 21 and Power Finance Corporation for a target of Rs 174.
Dharmesh Kant of India Nivesh Securities advises buying Bank of India for a target price of Rs 230 and Aurobindo Pharma for a target price of Rs 320.
According to Nooresh Merani of AMSEC, one may hold Jaiprakash Power. “The stock may go up to Rs 24-25 in short to medium-term,†he adds.
Manav Chopra of Nirmal Bang recommends buying Jaiprakash Power Ventures for a target of Rs 20.50 and Canara Bank for a target of Rs 265.
Hemant Thukral of Aditya Birla Money recommends going long in Jaiprakash Power Ventures with a target of Rs 21 and a stoploss of Rs 17.50.
Sharmila Joshi of Peerless Securities advises buying Sintex Industries for a target price of Rs 31.30 and VIP Industries for a target price of Rs 61.
SP Tulsian of sptulsian.com has a positive view on Jaiprakash Power. "One can look for a level of Rs 21 when the monetization of two power projects happens," he adds.
According to Pankaj Jain of Sunteck Wealthmax Capital, one may buy Bajaj Hindusthan and Shree Renuka Sugars.
Sharmila Joshi of Fairwealth Securities advises buying NHPC with a target price of Rs 20.50 and YES Bank with a target price of Rs 382.
Vishal Kshatriya of Edelweiss Securities suggests buying Tata Global Beverage with a target of Rs 175 and Sesa Sterlite with a target of Rs 200-205.
Meghana Malkan of malkansview.com recommends buying Gujarat State Petronet (GSPL) with a target of Rs 58 and advises selling Tata Motors (DVR) with a target price of Rs 158.
Sharmila Joshi of Peerless Securities advises selling GMR Infrastructure October Future with a target price of Rs 21.15 and Federal Bank October Future with a target price of Rs 281.
Gaurav Ratnaparkhi of Sharekhan suggests selling Hindalco Industries Future with a stoploss at Rs 115.10 and Jaiprakash Power Ventures Future with a stoploss at Rs 16.30.
According to Pankaj Jain of Sunteck Welathmax, one may go long on YES Bank and Jaiprakash Power.
Pankaj Jain of Sunteck Wealthmax advised buying YES Bank with a target price of Rs 306 and Jaiprakash Power Ventures with a target price of Rs 15.75.
Checkout why CLSA is recommending a buy on Jaiprakash Power and a sell on Sesa Goa.
According to Vishal Malkan of malkansview.com, one may buy Jaiprakash Power Ventures with a target of Rs 14.50 and Century Textiles for a target of Rs 237.
Shahina Mukadam of Varun Capital advised buying Hindalco Industries with a target price of Rs 115 and SAIL with a target price of Rs 49.
Sudarshan Sukhani of s2analytics.com recommends selling Jaiprakash Power as one may not see big gains coming in the next two months.