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
Kunal Saraogi of Equityrush is of the view that one should stay away from DLF and Jindal Steel & Power.
Dipan Mehta, Member, BSE & NSE expects BHEL to report decent performance going ahead. He said that valuations on the stock continue to be cheap.
Manas Jaiswal of manasjaiswal.com recommends shorting Jindal Steel & Power and feels that NMDC can test Rs 147.
Sudarshan Sukhani of s2analytics.com is of the view that Jindal Steel & Power may head lower.
Pankaj Jain of Sunteck Wealthmax recommends going long in Vivimed Labs and Lupin.
Meghana V Malkan, malkansview.com advises buying Ranbaxy Labs for a target price of Rs 615 and selling Reliance Capital for a target price of Rs 495.
Sharmila Joshi of sharmilajoshi.com is positive on steel space.
Nooresh Merani, CEO at Analyse India is of the view that one may exit Jindal Steel & Power.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Hindalco Industries and Jindal Steel & Power.
According to Prasad Baji Edelweiss Financial Services one could expect a penalty of Rs 2500 crore to be imposed on Jindal Steel and Power Limited (JSPL) and one-time penalty of around Rs 800 crore on Hindalco.
According to Ajay Srivastava, CEO at Dimension Consulting, Jindal Steel & Power is a arbitrage buy.
Akshata Deshmukh of Trading Networth Stock Broking is of the view that one may avoid Jindal Steel & Power and prefer ICICI Bank and Larsen and Toubro from the largecap space.
Ajay Bagga, executive chairman, OPC Asset Solutions is cautious on Jindal Steel & Power.
Hindalco is a company with Rs 50,000 crore debt. So you have to build in lot many good expectations and last year‘s Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) was around Rs 8,000 crores. So it is a very high risk bet, says Parag Thakkar.
Amit Harchekar of A PLUS Analytics is of the view that one may stay away from the metal space.
According to Kunal Bothra, Head of Advisory at LKP, Jindal Steel & Power may test Rs 300-320.
Brokerage house Prabhudas Lilladhar expects coal blocks to be cancelled followed by auctions.
Metal stocks went into a tizzy after the Supreme Court pronounced that coal blocks allocated between 1993 and 2009 are illegal and unconstitutional. The 263-page order by the apex court indicts both BJP and Congress-led governments who were in-charge for the 16 year period.
Prakash Diwan, Director of Altamount Capital Management is of the view that one may avoid Hindalco Industries and Jindal Steel & Power.
Vishal Jajoo of Nirmal Bang Securities recommends buying Jindal Steel & Power and Amtek India.
Paras Bothra, Ashika Stock Broking advises buying Maharashtra Seamless for a target price of Rs 450 and Wonderla Holidays for a target price of Rs 400.
Sudarshan Sukhani of s2analytics.com recommends selling Tata Steel as the stock may head lower and test Rs 350-355.
According to Dilip Bhat, Joint MD at Prabhudas Lilladher, Jindal Steel & Power is a good bet with a long term view.
SP Tulsian of sptulsian.com is of the view that one may buy Jindal Steel & Power with a target of Rs 257.
Sudarshan Sukhani of s2analytics.com advises buying Tata Steel on declines at around Rs 340-350 and sell Jindal Steel & Power.