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
Vikrant Jadeja of Vibrant Trades suggests buying Jindal Steel & Power with a target of Rs 283 and selling DLF with a target of Rs 150.
Ambareesh Baliga of Edelweiss Financial Services feels that NTPC may move to Rs 165-170.
Shardul Kulkarni of Angel Broking recommends buying Bharat Forge with a target of Rs 345-350.
According to Sudarshan Sukhani of s2analytics.com, one may avoid NTPC.
Kunal Bothra of LKP feels that NTPC may slip to Rs 125-130. "The pace of going down is slightly slower as compared to any other high-beta stock," he adds.
Sudarshan Sukhani of s2analytics.com recommends exiting NTPC as the stock may head lower.
Sangeeta Purushottam, Founder and Managing Partner at Cogito Advisors is of the view that one may buy NTPC at current level.
The earnings of NTPC may be hit by 4-5 percent if the CERC guidelines are implemented without any changes, says CLSA.
Abhijit Paul of Alphative Advisors is of the view that one may short NTPC at around Rs 143-145.
Sudarshan Sukhani of s2analytics.com recommends exiting NTPC.
SP Tulsian of sptulsian.com is neutral on power generation stocks. Power Grid Corporation of India touched its 52-week high Rs 119.65 and 52-week low Rs 86.70 on 10 December, 2012 and 02 August, 2013, respectively.
Sudarshan Sukhani of s2analytics.com recommends selling NTPC.
Gopi Suvanam, founder of Investworks is of the view that one may buy NTPC with a target of Rs 165 and a stoploss of Rs 120.
Sudarshan Sukhani of s2analytics.com recommends selling NTPC on rally as the stock may head lower.
According to Ambareesh Baliga of Edelweiss Financial Services, NTPC should touch Rs 161-162. "Tata Power could see a movement of 4-5 percent more from here," he adds.
Hemen Kapadia, KR Choksey Securities suggests buying Sun Pharmaceutical Industries with a target of Rs 611 and selling Larsen and Toubro with a stoploss at Rs 968.
Kunal Bothra, Head of Advisory at LKP advises to exit GVK Power and prefer NTPC and Tata Power.
Phani Sekhar, Fund Manager - PMS at Angel Broking is of the view that one may buy NTPC on declines.
Sudarshan Sukhani of s2analytics.com suggests buying Oriental Bank of Commerce (OBC) and NTPC. "OBC has been the most underperforming PSU and that may now come to an end," he adds.
According to Vishal Malkan of malkansview.com, NTPC is definitely a hold and if it goes above Rs 155 level, then buy more.
Parag Thakkar of HDFC Securities is bullish on utilities.
Harshavardhan Dole, Power Analyst at IIFL is of the view that Tata Power Company may touch Rs 100.
According to Rakesh Arora of Macquarie Capital Securities, one may pick National Thermal Power Corporation (NTPC) and Tata Power or Adani Power among the high beta stocks in the power sector.
Dilip Bhat, Joint MD of Prabhudas Lilladher is of the view that Power Grid Corporation of India, National Thermal Power Corporation (NTPC) and Bharat Heavy Electricals (BHEL) look pretty good.
Goldman Sachs, Bank of America and CITI share their views on certain buy stocks.