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
Sudarshan Sukhani of s2analytics.com recommends buying Wockhardt and JSW Energy and advises selling Reliance Infrastructure.
Amit Gupta of ICICI Direct is positive on JSW Energy.
Sudarshan Sukhani of s2analytics.com recommends buying Bharat Forge, HDFC and JSW Energy.
Adani Power will be acquiring Avantha group's Korba West Power for an EV of Rs 4200 crore. The power plant is a wholly owned subsidiary of Avantha Power.
Pankaj Jain of Sunteck Wealthmax advises buying SpiceJet with a target price of Rs 17.65 and Man Industries with a target price of Rs 87.50.
Meghana V Malkan of malkansview.com advises buying JSW Energy with a target of Rs 86.50-90 and Ashok Leyland with a target of Rs 42.50-44.
Manas Jaiswal, Technical Analyst at manasjaiswal.com recommends buying UPL and JSW Energy.
Manav Chopra of Nirmal Bang Securities advises buying Rural Electrification Corporation with a target of Rs 300 and Canara Bank with a target of Rs 440.
Mayuresh Joshi, VP- Institution at Angel Broking recommends buying JSW Energy, Bank of India and Apollo Tyres.
Kunal Saraogi, Equityrush advises buying JSW Energy for a target price of Rs 53 and BPCL for a target price of Rs 390.
Harshavardhan Dole, power analyst at IIFL is of the view that one may prefer Power Grid, NTPC and Tata Power from Power space.
Kunal Bothra of LKP recommends buying Federal Bank with a target of Rs 90 and JSW Energy with a target of Rs 61.
SP Tulsian of sptulsian.com has a positive stance on JSW Energy. One may look at CESC if the stock corrects to a level of Rs 415-420, he adds.
SP Tulsian of sptulsian.com is of the view that JSW Energy may touch Rs 59. "The stock has been going up for last maybe 45 days," he adds.
Vishal Malkan of malkansview.com recommends buying JSW Energy with a target of Rs 57 and Reliance Infrastructure with a target of Rs 455.
Nooresh Merani of Analyse India advises buying Mcleod Russel for a target price of Rs 320 and Bata India for a target price of Rs 1,080.
Rajesh Agarwal of Eastern Financiers suggests switching from JSW Energy to CESC. "JSW Energy has been facing headwinds due to lower volumes and higher expenses," he reasoned.
SP Tulsian of sptulsian.com recommends going long in United Breweries with a target of Rs 800 and advises selling Oriental Bank of Commerce with a target of Rs 209.
According to Meghna Malkan of malkansview.com, one may buy Ashok Leyland with a target of Rs 17 and Housing Development and Infrastructure with a target of Rs 52.30.
Nooresh Merani of AMSEC Research recommends buying Rallis India with a target of Rs 185 and Biocon with a target of Rs 400.
Shrikant Chauhan of Kotak Securities advises buying Larsen and Toubro with a target of Rs 950 and selling ITC with a stoploss at Rs 351.
SP Tulsian of sptulsian.com advises exiting Reliance Power and getting into CESC, JSW Energy or NTPC.
Shardul Kulkarni of Angel Broking recommends selling JSW Energy with a target of Rs 40 and feels that the stock may move towards Rs 36 over the next 10-15 trading sessions.
Vishal Malkan of malkansview.com recommends buying Tech Mahindra with a target price of Rs 1325 and Shree Renuka Sugars with a target price of Rs 20.50.
Vishal Malkan of malkansview.com recommends buying JSW Energy with a target of Rs 42 and Adani Power with a target of Rs 39.