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 of sharmilajoshi.com is of the view that one may prefer IT, pharma and financial stocks.
Kunal Saraogi of Equityrush recommends booking profits in Persistent Systems as the stock may test Rs 1700.
Gaurang Shah, VP at Geojit BNP Paribas financial Services is of the view that one may prefer TCS, Infosys and Persistent Systems from the IT pack.
Vibhor Singhal of PhillipCapital prefers Persistent Systems from the midcap IT space.
The Infosys stock fell 5 percent at yesterday's closing. Vibhor Singhal of Phillip Capital believes investors are reading too much into promoters selling their stake and yesterday's selling was an over-reaction.
Yogesh Mehta, Assoc VP-PCG Adv Equities of Motilal Oswal is of the view that Persistent Systems may test Rs 1460-1470.
Yogesh Mehta of Motilal Oswal is of the view that Persistent Systems may test Rs 1450-1470.
Yogesh Mehta, Associate Vice President of PCG Advisory Equities is of the view that one may buy Persistent Systems with a target of Rs 1460.
Manishi Raychaudhuri of BNP Paribas Securities India prefers Persistent Systems, IndusInd Bank and Crompton Greaves.
Gopi Suvanam, founder of InvestWorks is of the view that IT stocks like Hexaware Technologies and Persistent Systems provides good buying opportunity.
Nischal Maheshwari of Edelweiss Securities prefers Persistent Systems, MindTree and Hexaware Technologies from IT space.
According to Sandeep Muthangi, VP Research at IIFL Institutional Equities, Tech Mahindra and Persistent Systems are the top picks in the IT space.
Andrew Holland, CEO of Ambit Investment Advisors prefers IT space for the next six months.
Gopi Suvanam, Founder at InvestWorks advises to prefer Mindtree and Persistent Systems from midcap IT space.
Anish Damania, Head-Institutional Equities of IDFC Securities prefers Tech Mahindra and Persistent Systems in the midcap IT space.
Gopi Suvanam, Founder of InvestWorks advises profits booking in Tata Consultancy Services (TCS).
Pankaj Jain of Sunteck Wealthmax recommends buying GMR Infrastructure with a target of Rs 24.95 and Peninsula Land with a target of Rs 43.45.
According to Gopi Suvanam, Founder of InvestWorks, Persistent Systems is a good bet at this level even after recent rally.
Anand Radhakrishnan, Sr. VP & Portfolio Manager at Franklin Equity is cautious on IT space, given the recent outperformance of the sector.
Parag Thakkar, Head of Sales at HDFC Securities is bullish on IT space. "Once US and Europe demand environment is changing for the positive and if there are continued talks of tapering and all, rupee cannot appreciate significantly," he reasoned.
Nischal Maheshwari of Edelweiss Financial Services is of the view that one may accumulate Infosys, Tech Mahindra and Persistent Systems from the IT space.
According to Pankaj Jain of Sunteck Wealthmax Capital, one may go long on Shree Renuka Sugars with a target of Rs 24.75 and advises selling Indiabulls Real Estate with a target price of Rs 62.05.
Lancelot D Cunha of ITI Wealth Management advises buying Mangalore Chemical and Fertiliser with a target price of Rs 53.50 and Sun Pharma Advanced Research Company with a target price of Rs 146.
Manishi Raychaudhuri of BNP Paribas Securities India advises to prefer Persistent Systems in the IT services space.
Aniruddha Mehta, Research Analyst at IIFL is of the view that one may pick KPIT Technologies and Persistent Systems within the IT space.