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
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Escorts, Indiabulls Housing and NCC while he advises holding SBI and selling Pincon Spirit and Mindtree.
Prakash Gaba of prakashgaba.com recommends buying DLF with target at Rs 260 and stop loss at Rs 237, a buy on Larsen & Toubro with a target at Rs 1256 and stop loss at Rs 1222 and a buy also on NIIT Tech with target at Rs 660 and stop loss at Rs 662.
Mitessh Thakkar of miteshthacker.com suggests buying Wipro, Colgate Palmolive, NCC and PVR.
Prakash Gaba of prakashgaba.com is of the view that NIIT Tech can climb to Rs 660 while LIC Housing Finance may test Rs 580.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Berger Paints and buy NCC.
Mitessh Thakkar of miteshthacker.com recommends to accumulate NCC on the long side.
Sandeep Wagle of powermywealth.com recommends buying Mindtree and NCC.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Global Beverage with a stop loss of Rs 278, target of Rs 294, DLF with a stop loss of Rs 235, target of Rs 242 and a buy also on KEC International with a stop loss of Rs 338, target of Rs 360.
Rakesh Bansal of RK Global advises buying Compuage Infocom with a target of Rs 75.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell BEML and LIC Housing and buy NCC.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy DLF, Infosys and HCC and hold Coal India and can sell HDIL.
Sandeep Wagle of powermywealth.com
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on the fundamentals of the market, specific stocks, and sectors.
Mitessh Thakkar of miteshthacker.com recommends buying Bajaj Finserv and NCC.
Ashwani Gujral of ashwanigujral.com suggests buying Simplex Infra, NCC and United Spirits.
Ashwani Gujral of ashwanigujral.com has a buy on Indocount Industries with a stop loss of Rs 118, target of Rs 130 and a buy on Asian Paints with a stop loss of Rs 1160, target of Rs 1240 whilehe advises selling Reliance Infra with a stop loss of Rs 425, target of Rs 400.
Axis Capital has maintained its hold rating on Bank of Baroda with a target price of Rs 180 per share post earnings, as the research house does not see huge upside post recent run-up.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Jindal Steel & Power and NCC and sell Reliance Naval.
Mitessh Thakkar of miteshthacker.com has a buy on Amar Raja Batteries with a stop loss of Rs 713 for target of Rs 765 and a sell on ITC with a stop loss of Rs 265 for target of Rs 251 and a sell also on ACC with a stop loss of Rs 1774 for target of Rs 1730.
Vishvesh Chauhan of Monarch Networth Capital is of the view that one may buy Andhra Sugar with a target of Rs 650.
Ashwani Gujral of ashwanigujral.com suggests buying NCC, Yes Bank and India Cements.
Ashwani Gujral of ashwanigujral.com recommends buying Larsen & Toubro, HCC, NCC, Bharat Forge, Simplex Infra and Sadbhav Engineering.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy SBI, BoI, Syndicate Bank, NCC and Jet Airways and can sell Bharat Financial Inclusion.
VK Sharma, Head - PCG and Capital Market Strategy at HDFC Securities recommends buying Century Textiles, Mahanagar Gas, NCC, Torrent Pharma and Tata Chemicals.
One can expect more short covering once index will move above 10,250 levels. For the near term, we expect its buy on dip markets and one can use any dip as a buying opportunity.