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
Pankaj Jain of Sunteck Wealthmax recommends going long in Manappuram Finance with a target price of Rs 39.75 and Titagarh Wagons with a target price of Rs 354.
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.
Sudarshan Sukhani of s2analytics.com recommends exiting SpiceJet.
According to Sharmila Joshi of sharmilajoshi.com, one may stay put in SpiceJet and expect some upside in six months.
Following are the stocks that an investor needs to keep an eye on: ICICI Bank, HCL Tech, Maruti Suzuki, Spicejet, DLF, Dalmia Bharat, Hotel Leela, L&T Finance, Justdial, Havells India.
Nooresh Merani of Analyse India is of the view that one may exit SpiceJet at current levels.
Mayuresh Joshi of Angel Broking suggests exiting SpiceJet on rallies and prefers ICICI Bank, Tata Motors and Motherson Sumi Systems.
SP Tulsian of sptulsian.com has a positive view on SpiceJet but in case of Jet Airways, he advises avoiding the stock.
For long term investors, SP Tulsian of sptulsian.com advises to bet on SpiceJet and not Jet Airways. He feels Jet Airways may test Rs 415-420 in the short term on CCEA nod.
SP Tulsian of sptulsian.com has a positive stance on SpiceJet.
According to Sudarshan Sukhani of s2analytics.com, one may sell SpiceJet at current levels.
According to CNBC-TV18 sources, SpiceJet promoter and media baron Kalanithi Maran may offload up to 24 percent to Tiger Air as the airline faces fall in profits and attempts to retire debt, the sources familiar with the development said.
Pankaj Jain of Sunteck Wealthmax recommends buying Jet Airways and advises selling Syndicate Bank.
One may buy SpiceJet for a target of Rs 28.50 and stop loss of Rs 26.70. This could be a very good bet from short-term perspective, says Aashish Tater of Fortunewizard.com.
Vishal Malkan of malkansview.com recommended selling Adani Enterprises August future for a target price of Rs 171 and Dish TV August future for a target price of Rs 49.25.
According to Aashish Tater of Fortunewizard.com, one may buy JSW Energy for a target of close to Rs 45.90 with stop loss of Rs 43.50 and advises buying SpiceJet for a target of Rs 27.8 with a stop loss of around Rs 24.90.
Aashish Tater of Fortunewizard.com advised buying Jet Airways for a target price of Rs 416 and SpiceJet for a target price of Rs 26.15.
SP Tulsian of sptulsian.com is of the view that SpiceJet has a target of Rs 35 in next six months. "The stock can move to Rs 50 also in next one year, "he adds.
SP Tulsian of sptulsian.com has a target of Rs 50 for SpiceJet from one year perspective and Rs 600 for Clariant Chemicals in the next six months.
According to Aashish Tater of FortuneWizard.com one may go long on Southern Petrochemical Industries Corporation (SPIC) with a target of Rs 12 and advises selling Reliance Communications (RComm) with a target of Rs 130.
Aashish Tater of FortuneWizard.com advised buying Hexaware Technologies with a target price of Rs 99.50 and SpiceJet with a target price of Rs 29.
SP Tulsian of sptulsian.com said he wouldn't be surprised to see the share hitting a level of Rs 490-500 on Jet-Etihad deal approval hopes.
Angel Broking is bullish on both Jet Airways and SpiceJet with a long-term perspective of 12-18 months.
There was noting in SpiceJet to justify the holding and it could go even lower in the short-term, so sell SpiceJet, says Sudarshan Sukhani of s2analytics.com.
Rajen Shah is positive on L&T, Crompton Greaves, Jet Airways, but advises investors to stay away from commodity related stocks like Tata Steel.