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
Hemant Thukral of Aditya Birla Money advises going long in Mahindra and Mahindra (M&M) with a target of Rs 932 to Rs 940.
Aditya Agarwal of Way2Wealth recommends going long on Mahindra and Mahindra (M&M) as the stock may test Rs 925-935 in the next few days.
Hitesh Goel, Analyst at Kotak Institutional Equities is neutral on Tata Motors.
Parag Thakkar, Head of Sales at HDFC Securities suggests buying Maruti Suzuki, Mahindra and Mahindra (M&M), Rallis India and Bayer CropScience with a long term view.
Parag Thakkar, Head of Sales at HDFC Securities is of the view buy Mahindra and Mahindra with a long term view.
According to Ashish Chaturmohta of Fortune Equity Brokers, one may go long on Mahindra and Mahindra with a target of Rs 920-930.
According to Ambareesh Baliga of Edelweiss Financial Services, one may buy Maruti Suzuki on a correction of 5-8 percent from current level.
Brokerages advise buying Ranbaxy, TCS, Mahindra & Mahindra, ICICI Bank.
Kunal Bothra of LKP has a bearish stance on Mahindra and Mahindra (M&M).
M&M, Maruti, Bharti, ITC, HDFC Bank, M&M Financials, Shriram Transport, Grasim and Shree Cements and NHPC are the stocks that the brokerage is recommending.
BofA ML believes Ranbaxy will underperform with a target price of Rs 320. According to them, the resolution of USFDA will take longer than expected which will lead to delay in new product approvals and that is likely to impact growth. The brokerage sees limited visibility on its US product pipeline.
Deven Choksey, MD of KR Choksey Securities suggests buying Tata Motors and Mahindra & Mahindra on correction. "IDFC is available just above the one time price to book value, so such kind of opportunities one could capture," he adds.
SP Tulsian of sptulsian.com is of the view that Maruti Suzuki may go upto Rs 1450-1460 in next one month or so.
Ajay Bodke, Head, Investment Strategy & Advisory of Prabhudas Lilladher is positive on Bajaj Auto and Hero Motocorp. "We see the rural demand coming back quite strongly post harvest. That is the reason why we are advocating switching over to the two-wheeler pack," he adds.
The broking firm has a hold rating on TVS Motor and is the least preferred play.
According to Sudarshan Sukhani of s2analytics.com, one may sell Mahindra and Mahindra (M&M) as the stock broke down after consolidation.
Manoj Murlidharan Vayalar of IIFL recommends not to buy Mahindra and Mahindra (M&M).
Sandeep Shenoy of Anand Rathi Financial Services is positive on Tata Motors and Mahindra and Mahindra. "These stocks would outperform the markets on a broader perspective," he adds.
Sahil Kapoor of Edelweiss is of the view that Mahindra and Mahindra (M&M) may touch Rs 350 or lower from current levels. "One may short the stock," he adds.
Manish Kumar, EVP and CIO, ICICI Prudential Life Insurance is positive on automobile stocks including Tata Motors and Mahindra and Mahindra (M&M).
Mehraboon Irani is bearish on oil PSUs due to inefficieny of government to take any bold steps since last one one-and-half months and therefore, he is negative on Oil and Natural Gas Corporation (ONGC) after the company‘s net profit slumped 34 percent.
Nooresh Merani of AMSEC Research suggests buying Aditya Birla Nuvo with a stoploss at Rs 1170 and target of Rs 1300-1400.
SP Tulsian of sptulsian.com is of the view that one may prefer Mahindra and Mahindra (M&M) & Maruti Suzuki.
Rahul Mohindar of viratechindia.com advices going long in Britannia Industries with a stop loss of Rs 675. "Over the next one or two months the stock may move to Rs 765," he adds.
Prayesh Jain of IIFL is of the view that Mahindra and Mahindra has target of Rs 1100. “Expect an EPS of around Rs 60 in FY14 and around Rs 65 in FY15, he adds.