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
Shares of Cairn fell 4.94 percent on Wednesday and have been down around 15 percent on year-to-date (YTD) basis.
AK Prabharkar, Independent Advisor advises buying Oil India for a target price of Rs 630 and Max India for a target price of Rs 343.
ONGC is unlikely to go beyond Rs 435-440 level, market expert Ambareesh Baliga said.
Macquarie has maintained its outperform rating on HPCL with an increased target of Rs 506 per share courtesy decline in crude price and expected gains from oil reforms.
Kotak believes that earnings boost from reforms related to fuel pricing and subsidy-sharing mechanism is already in the price.
Mayuresh Joshi, VP- Institution at Angel Broking recommends buying Goodyear India, Indian Oil Corporation and Oil India.
According to Deven Choksey of KR Choksey Shares & Securities, one may keep an eye on ONGC and Oil India to have them in their portfolio from an investment perspective.
Nooresh Mirani of Analyse India is of the view that one can buy Gateway Distriparks with a target of Rs 270 and Oil India with a target of Rs 630.
IIFL has suspended rating on IGL given the concerns related to Supreme Court decision which is still pending.
The research desk at CNBC-TV18 gives a wrap on the reason to watch out for stocks like HDFC, Piditlite Industries, TCS and Wipro, Oil India , ONGC on the IOC divestment, KRBL, TTK Prestige, OBC and Canara Bank in today‘s trade.
Prithvi Haldea, chairman and managing director, Prime Database says the aim behind divestments, as said in the Congress manifestos. was to get in more retail investors, thereby enlarge the capital market.
The broking firm has a buy recommendation on ONCG and Oil India with a target price of Rs 320 and Rs 530 respectively, since these companies are likely to benefit from the recently announced diesel price hike.
Prayesh Jain of IIFL recommends buying Oil and Natural Gas Corporation with a target of Rs 320 and Oil India with a target of Rs 530.
Prayesh Jain, IIFL says the house has a buy rating on Reliance Industries. Not only is the company seeing a benefit from the gas price hike but it has made huge investments in the core business of soft refining and petrochemicals, which will be profit accretive in the next couple of years.
According to Daljeet Kohli, there is no question on the fundamentals or the long-term growth of LIC Housing Finance. Valuation is cheap and in buyers favour and so, one should be buying this stock.
Daljeet Kohli of India-Nivesh Securities is of the view that Oil India may touch Rs 672 and feels that Aditya Birla Nuvo may touch Rs 1506.
AK Prabhakar, Independent Advisor advises buying Bata India for a target price of Rs 1065 and Sundaram Finance for a target price of Rs 650.
Prayesh Jain, AVP - Research at IIFL says one may prefer Oil India over Oil and Natural Gas Corporation.
Abhishek Karande of SBI Cap Securities recommends buying Oil India with a target of Rs 510.
Arvind Sanger of Geosphere Capital Management is optimistic in the oil and gas sector. "This sector has a lot of hidden potential where the stocks not had a big move," he adds.
According to Mayuresh Joshi of Angel Broking, Oil India may do well over the next two years, while in the short term it will remain under pressure.
Manav Chopra of Nirmal Bang Securities suggests selling Oil India.
According to Vishal Jajoo of Nirmal Bang, one may buy Jyothy Laboratories with a target price of Rs 152 and Sintex Industries with a target of Rs 24.50.
Prakash Diwan of Altamount Capital Management recommended buying Hindustan Zinc with a target price of Rs 129.90 and Alembic Pharma with a target price of Rs 145.50.
Aashish Tater, Head of Research at Fortunewizard.com is of the view that one may buy Oil India on dips. He feels that Rs 500-520 is fair value for the stock.