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
Kunal Bothra of LKP Shares advises buying Finolex Cables for a target price of Rs 78 and Indiabulls Housing Finance for a target price of Rs 228.
Sameer Lumba, MD & CEO-Instl Equities at JM Financial is positive on Mahindra & Mahindra Financial Services. "The stock will continue to do extremely well even from these levels," he adds.
According to Santosh Singh of Espirito Santo Securities, one may buy Bajaj Finance and Mahindra & Mahindra Financial Services.
Sharmila Joshi of Fairwealth Securities recommends buying Mahindra & Mahindra Financial Services with a target of Rs 280 and Biocon with a target of Rs 345.
Lancelot D Cunha of ITI Wealth Management advises buying Mangalore Chemical and Fertiliser with a target price of Rs 53.50 and Sun Pharma Advanced Research Company with a target price of Rs 146.
According to Mehraboon Irani of Nirmal Bang Securities, one may stay invested in Mahindra & Mahindra Financial Services.
According to Pritesh Mehta of IIFL, Mahindra & Mahindra (M&M) Financial Services may touch Rs 297-300 in the next four-five trading sessions.
Kunal Bothra of LKP recommends buying Lupin with a target of Rs 902 and Bajaj Finance with a target of Rs 1300.
According to Anu Jain of IIFL Pvt Wealth Management, the key resistance for Mahindra & Mahindra Financial is at Rs 267-268 levels.
Kunal Bothra of LKP advises buying Lupin with a target price of Rs 902 and Bajaj Finance with a target price of Rs 1,300.
Brokerages are bullish over Marico, Kotak Mahindra Bank and Mahindra and Mahindra Financial.
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.
Brokerages recommend buying ICICI Bank and M&M Financial. Meanwhile, they suggest selling Reliance Power and going short on Apollo Tyres.
Checkout what brokerages are suggecting for Titan, Jubilant, M&M Financial
Shardul Kulkarni of Angel Broking is of the view that one may buy Mahindra & Mahindra Financial Services on dip. "The stock has seen significant rally from Rs 220 to Rs 280, so there is a possibility of a pull off," he adds.
In an interview to CNBC-TV18, Santosh Singh, Espirito Santo Securities spoke about NBFC sector
SP Tulsian of sptulsian.com is positive on Bajaj Finance, Mahindra & Mahindra Financial Services and Shriram Transport Finance Corporation.
Mahindra & Mahindra Financial Services is a top pick in the NBFC space, says Gautam Trivedi of Religare Capital. "The stock has had about 15-20 percent correction and it is pretty attractive at these valuations," he adds.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Mahindra & Mahindra Financial Services on dip.
According to Prakash Diwan of Altamount Capital Management, one may buy Andhra Bank with a target of Rs 55.90 and Syndicate Bank with a target of Rs 65.90.
Sharmila Joshi of Peerless Securities recommended buying Ceat with a target price of Rs 118.5 and YES Bank with a target price of Rs 248.
SP Tulsian believes in the next six months things will revive for the finance stocks and one can expect a target of Rs 1300 from Bajaj Finance.
Prakash Diwan of Altamount Capital Management is of the opinion that one can go long on Mahindra & Mahindra Financial Services with a target price of Rs 248 and a stop loss at Rs 234. "One may also go long on MRF with a target price of 14,099 and a stop loss at Rs 13,699," he adds.
One can short Dena Bank for a target price of Rs 59.50 and Bank of India for a target price of Rs 190, says Sharmila Joshi of Peerless Securities.
Dilip Bhat, Joint MD of Prabhudas Lilladher is of the view that one may buy Mahindra & Mahindra Financial Services from long term perspective.