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
Prakash Diwan, Director of Altamount Capital Management says that one may not jump into power sector at this point in time.
According to Sandeep Bhatia of Kotak Institutional Equities one can get in Jindal Steel & Power (JSPL) at current level and hold it for 2-3 years.
Sudarshan Sukhani of s2analytics.com said he would not buy Jindal Steel and Power (JSPL).
SP Tulsian of sptulsian.com advised buying Jaiprakash Associates with a target of 64.50 and Jindal Steel with a target of Rs 242.
SP Tulsian of sptulsian.com feels that the short selling in JSPL can take the stock to Rs 255-260 this week.
Sudarshan Sukhani of s2analytics.com advises to go short on Short Jindal Steel and Power (JSPL).
According to Phani Sekhar, fund manager of Angel Broking, prospects for Jindal Steel & Power (JSPL) over the medium-term don't look too good both from the earnings point of view as well as from the valuation de-rating point of view.
Sharmila Joshi, head of equity at Peerless Securities advised holding Jindal Steel and Power (JSPL). "Power capacity will double this fiscal itself, so that should be a big driver for JSPL going ahead," she said.
Sudarshan Sukhani of s2analytics.com feels Hindalco Industries and Jindal Steel & Power (JSPL) will go down even further.
Sudarshan Sukhani of s2analytics.com feels the trade in Jindal Steel & Power is a sell.
Amit Gupta of icicidirect.com recommends going long in Dr Reddys Laboratories and suggest to take short call on Punjab National Bank.
Ashish Chaturmohta of Fortune Equity Brokers advises to short Jindal Steel as it may slip to Rs 274 levels.
SP Tulsian is negative on ferrous metal stocks but positive on Hindalco, Nalco and Hindustan Zinc
Arunesh Madan of Augment Investment is bullish on Opto Circuits India and recommends buy for a target of Rs 52 and Rs 55 going forward.
Sudarshan Sukhani of s2analytics.com feels Jindal Steel & Power (JSPL) could see much lower levels. "Jindal Steel's small trading range broke down. That was a small flag and that flag now continues to give downward pressure," he reasoned.
According to SP Tulsian of sptulsian.com one can short the metal stocks like JSW Steel, Jindal Steel and Power (JSPL), Tata Steel and Steel Authority of India.
Shardul Kulkarni of Angel Broking recommends to buy Tech Mahindra and Apollo Tyres. One can buy Tech Mahindra above the levels of Rs 995, place a stop loss at Rs 970 and trade bullish for a target of Rs 1050 over the next six-eight trading sessions.
Sudarshan Sukhani of s2analytics.com is of the view that one can short Jindal Steel & Power (JSPL). It is in a downtrend. It has those small rallies and then resumes its down move, he adds.
One can see more downside in Jindal Steel & Power, says Sudarshan Sukhani of s2analytics.com. It has not yet completed its bear market, so the risks from buying are much more, he adds.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Jindal Steel & Power. This stock keeps going down. It rallied and fell into the first wall of resistance at Rs 340. From there it started coming down and today it is breaking intraday support levels, he adds.
SP Tulsian of sptulsian.com feels the profit booking is likely to be seen in JSW Steel, JSPL and Tata Steel.
Hemant Thukral, National Head of Derivative Desk at Aditya Birla Money feels Jindal Steel & Power should retest a longer support zone of Rs 285-290.
Parag Doctor, Head - Trading Strategies, Keynote Capital's Ltd is of the view that one can sell JSPL and keep a stoploss of Rs 330.
Sudarshan Sukhani, s2analytics.com advises to stay away from Jindal Steel & Power (JSPL).
Sudarshan Sukhani of s2analytics.com is of the view that one can short Jindal Steel & Power.