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
ICICI Direct sees Sensex EPS to grow 16.4 percent YoY to Rs 1600 in FY17 and then witness growth of 17.5 percent YoY in FY18 to Rs 1880. It has set a one year forward target of 31000 for the Sensex and 9400 for the Nifty.
Mitesh Thacker of miteshthacker.com recommends buying Bharat Electronics Limited and Tech Mahindra and advises selling Larsen & Toubro.
Mitesh Thacker of miteshthacker.com is of the view that one can buy Jain Irrigation Systems and Larsen & Toubro and sell Torrent Pharma.
Mitesh Thacker of miteshthacker.com recommends buying Larsen & Toubro, RCF and KPIT Technologies.
Mitesh Thacker of miteshthacker.com recommends buying Larsen & Toubro, State Bank of India and Wipro.
Mitesh Thacker of miteshthacker.com is of the view that one can buy Larsen & Toubro and Indiabulls Housing Finance.
Ashwani Gujral of ashwanigujral.com recommends buying Larsen & Toubro and GAIL India and sell Dabur India.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Larsen and Toubro and IRB Infra and buy PFC.
According to Gaurang Shah of Geojit BNP Paribas, one may prefer Larsen and Toubro and Siemens over BHEL.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy United Spirits and sell Torrent Pharma and Larsen & Toubro.
Here are top stock picks from auto, telecom and oil & gas space. CLSA upgrades Tata Steel to buy from sell with target price of Rs 500 and upgrades JSW Steel to buy from sell with target price at Rs 2400 per share.
According to Sudarshan Sukhani of s2analytics.com, one may buy ONGC and advises shoring L&T.
Chandan Taparia of Anand Rathi Securities is of the view that one may buy Tata Communications, TVS Motor and Coal India.
Nomura maintains buy call on HDFC Bank with target increased to Rs 1520 from Rs 1325 per share. It says the bank may deliver a 20 percent loan CAGR over FY16-19, adding specific SME sub-sectors may continue to see marginally elevated slippages. It says asset quality situation is very manageable.
Ashwani Gujral of ashwanigujral.com advises selling Larsen and Toubro.
According to Mitesh Thacker of miteshthacker.com, one may sell Larsen and Toubro.
Mitesh Thacker of miteshthacker.com advises selling Mahindra and Mahindra, Larsen and Toubro, Praj Industries and Pidilite Industries.
Credit Suisse has maintained its outperform rating on Larsen & Toubro on likely execution pick up, strong cash flows on peaking inventory, subsidiaries support and working capital with reasonable valuations. It has raised target price to Rs 1,925 (from Rs 1,825) per share and changed FY17-19 earnings per share by -1 percent to +2 percent.
Morgan Stanley prefers Axis Bank structurally over ICICI Bank. It expects Axis Bank to earn 400-500 basis points higher ROE than ICICI Bank. It says ICICI Bank should book capital gain of Rs 5700 crore in Q2.
Prakash Gaba of prakashgaba.com is of the view that HPCL can climb to Rs 420 while Larsen & Toubro may test Rs 1520.
Porinju Veliyath, MD & Portfolio Manager, Equity Intelligence India is bullish on infrastructure space.
Ashish Chaturmohta of Sanctum Wealth Management recommends going long in Sun TV and Amara Raja Batteries and sell Larsen & Toubro.
Citi has a buy call on the stock with a target of Rs 790 per share, saying it remains top pick amongst small caps after quarterly earnings.
Mitesh Thacker of miteshthacker.com is of the view that one can sell Apollo Hospitals, Larsen & Toubro and M&M Financial Services.
Mitesh Thacker of miteshthacker.com is of the view that one can sell Larsen & Toubro, NTPC and Siemens.