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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
Sharmila Joshi, Head of Equity at Peerless Securities is of the opinion that one may sell Opto Circuits and switch to FMCG and pharma stocks.
Sudarshan Sukhani of s2analytics.com feels Opto Circuits may fall further while Apollo Tyres can rebound anytime.
SP Tulsian of sptulsian.com advises selling Jaiprakash Power, Opto Circuit, IVRCL and Crompton Greaves.
SP Tulsian of sptulsian.com advises to go short on Jaiprakash Power Ventures with a target price of Rs 16.50 and Opto Circuit with a target price of Rs 17.50.
SP Tulsian of sptulsian.com advised selling Sun TV Network with a day target of Rs 303 and Opto Circuits with a day target of Rs 21.
Aashish Tater, head of research at fortunewizard.com recommended buying PTC India with a target price of Rs 56 and selling Sun TV Network with a target price of Rs 342.
SP Tulsian of sptulsian.com advises selling Opto Circuits due to corporate governance issues. Shree Renuka Sugar looks fundamentally weak, he adds.
Pankaj Jain advises going short on Jain Irrigation, Sintex Industries and Opto Circuits. He believes that Jain could be headed much in southward territory.
Aashish Tater, head of research at fortunewizard.com advised going short on Adani Power with a target price of Rs 50.5 and Arvind with a target price of Rs 81.
SP Tulsian says one can short Opto Circuit at the current level with target of Rs 20 and stop loss of Rs 21. Jain Irrigation with a target of Rs 56.50 for the day with a stop loss of Rs 58.50.
Sudarshan Sukhani of s2analytics.com advised exit out of Opto Circuits. It has been short since Rs 200.
SP Tulsian of sptulsian.com advised selling JSW Steel with a target price of Rs 702 and selling Jaiprakash Associates with a target price of Rs 62.
Nooresh Merani of Amsec Research feels that Opto Circuits should be avoided as it can fall further. He advises buying JM Financials as he believes that the stock may reach Rs 34-35.
SP Tulsian of sptulsian.com gives his takeaways on the Reliance annual general meeting (AGM) and the stocks to buy, hold and sell in the next week
Arunesh Madan of Augment Investment is bullish on Opto Circuits India and recommends buy for a target of Rs 52 and Rs 55 going forward.
Pankaj Jain of Sunteck Wealthmax is bullish on HPCL and Sun Pharma Advanced, while he is bearish on India Cement and Opto Circuits.
Aashish Tater of FortuneWizard.com advised going long in Indian Hotels and HPCL. Meanwhile, Lancelot D Cunha of ITI Wealth Management recommended selling HDIL and buying United Spirits.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Opto Circuits India. "It is looking at lower levels," he said.
Parag Doctor of Keynote Capital is bullish on Divis Laboratories, UCO Bank, Zee Entertainment and has recommended buy rating on the stocks, while he maintained sell rating on Opto Circuits India.
SP Tulsian of sptulsian.com has recommended buy rating on Sun Pharma Advanced Research Company, Autoline Industries, Sonata Software and Reliance Communications.
Sudarshan Sukhani, s2analytics.com is of the view that investor should exit Opto Circuits without any delay.
One should take short position in Opto Circuits and for an intermediate position trader, a test of Rs 40 is quite likely, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani of s2analytics.com is of the opinion that one can short Opto Circuits.
Sudarshan Sukhani of s2analytics.com said would go short in Opto Circuits.
Rahul Mohindar of viratechindia.com advises traders to hold Opto Circuits India with a stop loss of Rs 57.
