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
Rajesh Agarwal, Head of Research of Eastern Financiers recommends to hold Mahindra Satyam and convert these shares to Tech Mahindra. Mahindra Satyam will not be available for trading tomorrow onwards.
SP Tulsian of sptulsian.com said he would't be surprised to see Tech Mahindra correcting to levels of Rs 960-965 in the next one week.
SP Tulsian of sptulsian.com believes PE expansion and earnings growth will result in better price performance of Tech Mahindra.
Ashish Kapur of Invest Shoppe India advises to go long on Mahindra Satyam with a target of Rs 125 and South Indian Bank with a target of Rs 22.50.
SP Tulsian of sptulsian.com recommends to buy Mangalore Chemicals with a target price of Rs 45.50 and Edelweiss Financial with a target price of Rs 33.50.
Phani Sekhar, Fund Manager of Angel Broking advises to hold Tech Mahindra and Mahindra Satyam as they have the potential to grow at 15-20 percent.
Ashish Kapur of Invest Shopee India recommends to go long in Jubilant Foodworks, Tata Global Beverages, Mahindra Satyam and Apollo Tyres.
SP Tulsian of sptulsian.com advises to go short on Jaiprakash Power Ventures with a target price of Rs 16.50 and Opto Circuit with a target price of Rs 17.50.
One can buy Wipro and Mahindra Satyam, says Sudarshan Sukhani of s2analytics.com. "IT is likely to outperform and actually go up even if the Nifty goes down," he adds.
Shardul Kulkarni of Angel Broking recommends to go short in Sintex Industries and Reliance Infrastructure and advises to go long in Mahindra Satyam.
Nooresh Merani, AVP Technical at AMSEC Research advices to buy Karnataka Bank, Gujarat State Fertilizers & Chemicals (GSFC), Tech Mahindra and Mahindra Satyam.
Sudarshan Sukhani of s2analytics.com recommends buying Mahindra Satyam.
Manas Jaiswal of manasjaiswal.com recommends to short Punj Lloyd at current levels with a stop loss of Rs 39 and short Hero Motocorp at current levels with a stop loss of Rs 1,645.
Rajesh Agarwal of Eastern Financiers advised buying Mahindra Ugine for a target price of Rs 93 and IVRCL for a price target of Rs 17.50.
According to Shardul Kulkarni, senior technical analyst at Angel Broking, Mahindra Satyam and Tech Mahindra, both qualify in the list of buy on decline stocks.
Mayuresh Joshi, VP Institution at Angel Broking advises to exit MMTC and enter in Tech Mahindra on declines.
SP Tulsian of sptulsian.com is positive on Adani Power, Mahindra Satyam and Glenmark Pharma. He recommends buying these stocks.
SP Tulsian of sptulsian.com advised buying Adani Power with a target price of Rs 55 and Mahindra Satyam with a target price of Rs 116.
SP Tulsian of sptulsian.com advised going long on Mahindra Satyam and Madras Cement. These stocks can rally 5-7 percent next week, he added.
SP Tulsian of sptulsian.com advises investors to be short on companies that have huge foreign debt owing to the depreciating rupee. He asks them to watch out for key announcements next week.
Mayuresh Joshi, VP Institution at Angel Broking advised investor to hold Mahindra Satyam. He feels the stock will definitely deliver a positive return over the next one year.
Portfolio Manager PN Vijay feels that midcap IT is in a slightly difficult zone because of the unpredictable nature of profitability. He recommends buying Mahindra Satyam at Rs 105 levels.
Sudarshan Sukhani of s2analytics.com advised intraday traders to sell Mahindra Satyam. "The stock is breaking support levels," he added.
Tech Mahindra is looking good at current levels, says Dipan Mehta, Member BSE/NSE.
Nooresh Merani of AMSEC Research is bullish on Tech Mahindra, Jain Irrigation Systems, Mahindra Satyam and Sintex Industries.