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
AK Prabhakar, Independent Advisor recommends buying Rural Electrification Corporation for a target price of Rs 263 and Mahindra & Mahindra Financial Services for a target price of Rs 315.
Dharmesh Kant, India Nivesh Securities advises buying Ahmednagar Forgings for a target price of Rs 430 and Cadila Healthcare for a target price of Rs 1,460.
Mayuresh Joshi, VP- Institution at Angel Broking is of the view that one may hold NTPC.
Ashish Chaturmohta of Fortune Equity Broker is of the view that one can go long in NTPC as the stock can test Rs 150-155.
Manav Chopra of Nirmal Bang recommends buying Rural Electrification Corporation for a target of Rs 290 and NTPC for a target of Rs 148.
Manav Chopra, Nirmal Bang advises buying Biocon for a target price of Rs 530 and CESC for a target price of Rs 790.
Manav Chopra of Nirmal Bang recommends buying NTPC and Asian Paints.
Siddharth Bhamre Head - Investment Advisory and Derivatives at Angel Broking is of the view that one may go long in HCL Tech and Wipro. "One may buy NTPC at around Rs 135-137," he adds.
Amit Harchekar, Chief Technical Strategist at A PLUS Analytics is of the view that one may short NTPC as the stock may test Rs 110 in the next couple of days.
SP Tulsian of sptulsian.com is of the view that NTPC may test Rs 123-124.
According to SP Tulsian of sptulsian.com, one may sell NTPC with a target of Rs 111.50.
SP Tulsian of sptulsian.com is positive on Tata Power and negative on NTPC. He expects NTPC to fall to Rs 105-110 a piece.
SP Tulsian of sptulsian.com is of the view that one may buy Cipla with a target of Rs 377 and sell Tata Steel with a target of Rs 359.
SP Tulsian of sptulsian.com is of the view that NTPC may slip to Rs 110 in the near term.
Phani Sekhar of Angel Broking advises accumulating NTPC with a long term view.
Sudarshan Sukhani of s2analytics.com is of the view that one may see more downside in NTPC.
Navneet Daga of KR Choksey Securities is of the view that NTPC may test Rs 100-115
As per CERC order, Tata Power has been granted compensatory tariff of 52 paise per unit from the period beyond April 1, 2013. It has also been allowed compensation of Rs 329.45 crore for Mundra project.
Deven Choksey, MD of KR Choksey Shares & Securities advises staying away from power generating companies.
Sudarshan Sukhani of s2analytics.com recommends selling NTPC as there is more downside in it.
According to CNBC-TV18‘s research team here are the stocks to keep an eye on: Adani Power, Tata Power, NTPC, Power Grid, ICRA, Care Ratings, GMR Infra, Lanco Infra, Ceat, DCM Shriram
According to Dipan Mehta, Member of BSE & NSE, one may avoid power sector.
Harshavardhan Dole, power analyst at IIFL is of the view that one may prefer Power Grid, NTPC and Tata Power from Power space.
Sudarshan Sukhani of s2analytics.com is of the view that one may exit NTPC and prefers Tata Power Company within the power sector.
Sudarshan Sukhani of s2analytics.com advises shorting NTPC.