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
IDFC Securities has Outperform call on Tata Steel with a target price at Rs 873 per share, saying the strategy to create a long-term JV with Thyssenkrupp is a long-term positive.
Kunal Saraogi of Equityrush is of the view that one may buy Jindal Steel with a target of Rs 270.
Among companies, it sees ONGC’s EPS rising 32 percent year on year, leaving the shares at 9 times PE. It also likes Oil India where adjusted E&P valuations are similar to ONGC.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell JP Associates and Hexaware Technologies and can buy ONGC.
Mitessh Thakkar of mitesshthakkar.com recommends buying Dish TV with a stop loss of Rs 79 and target of Rs 85, a buy on GMR Infra with a stop loss of Rs 19.20 and target of Rs 21 and a buy on JSW Energy with a stop loss of Rs 84 and target of Rs 91.
Gaurav Ratnaparkhi of Sharekhan recommends buying Century Textiles with a stoploss at Rs 1370 and target of Rs 1475 and a buy on Apollo Tyres with a stoploss at Rs 261 and target of Rs 285.
Gaurav Bissa of LKP Securities is of the view that one can buy NMDC and Ajanta Pharma and can sell Oil India Limited.
Ashwani Gujral of ashwanigujral.com is of the view that one may sell BPCL and Ashok Leyland.
Every USD 10 a barrel increase in oil adds 22-28 percent to EBITDA and 20-30 percent to equity value of ONGC/Oil India.
Ashwani Gujral of ashwanigujral.com has a buy on Titan Company with a stop loss of Rs 820, target of Rs 855 and DLF with a stop loss of Rs 224, target of Rs 238.
Mindtree, Oil India and GIC Re, among others, are on the radar of investors on Monday.
Mitessh Thakkar of mitesshthakkar.com suggests buying Manappuram Finance and Oil India.
Ashwani Gujral of ashwanigujral.com advises buying Vedanta, Hindustan Zinc and Hindalco Industries.
Ashwani Gujral of ashwanigujral.com suggests buying Max Financial Services, Indiabulls Real Estate, HDIL, DHFL, Oil India and Bata India.
Mitessh Thakkar of mitesshthakkar.com recommends a buy on Aurobindo Pharma above Rs 772 with stop loss of Rs 755 for target of Rs 810 and a buy on MRF with a stop loss of Rs 63,600 for target of Rs 67,000.
Mitessh Thakkar of mitesshthakkar.com has recommends a buy on Mangalore Refinery and Petrochemicals which has a positive candlestick pattern with a stop loss of Rs 131 for target of Rs 140 while Ashwani Gujral of ashwanigujral.com has a buy on Maruti Suzuki with a stop loss of Rs 8000, target of Rs 8250.
Mitessh Thakkar of mitesshthakkar.com has a buy on Vijaya Bank with a target of Rs 66, a buy on NTPC with a target of Rs 190 and a buy Oil India Limited with a target of Rs 358.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Arvind, Havells India and L&T Finance Holdings and can sell Oriental Bank of Commerce.
Ashwani Gujral of ashwanigujral.com advises buying Oil India, Bharti Airtel and JSW Steel.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Divis Laboratories and Bharat Electronics.
Sameet Chavan of Angel Broking is of the view that one may sell Godrej Industries with a target of Rs 542.
Ashwani Gujral of ashwanigujral.com advises buying Oil India and Edelweiss Financial.
Infosys and ONGC, among others, are being tracked by investors on Wednesday.
Sandeep Wagle of powermywealth.com is of the view that one may buy Oil India.
Ashwani Gujral of ashwanigujral.com advises selling HPCL and UPL.