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
Vishal Malkan of malkansview.com is of the view that one may sell UPL with a target of Rs 500.
Nischal Maheshwari of Edelweiss Securities has a positive view on CCL Products, PI Industries and J Kumar Infraprojects.
So, as Indian market gets back to its feet again, here are 10 stocks that you can buy or sell as suggested by Ambit.
Vikas Khemani, president & CEO at Edelweiss Securities is of the view that agricultual based companies like PI Industries, Dhanuka Agritech, RCF and Jain Irrigation Systems will continue to do well.
According to Gaurav Mehta, VP-Institutional Equities at Ambit Capital, PI Industries is a good buy at current level for a price target of Rs 825.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - Essar Oil, Nestle, Chambal Fertilser, Tata Communications, BPCL, Insecticides India, PI Industries, Jindal Saw & JK Tyre.
Deven Choksey of KR Choksey Shares & Securities is of the view that one may look at agrochemical space.
Sandeep Bhatia, Executive Director & Head-Sales at Kotak Institutional Equities is of the view that one may look at PI Industries and Dhanuka Agritech.
Rahul Singh, Head of Equity Research at Standard Chartered Securities has a bullish stance on Kaveri Seed Company and PI Industries.
Ajay Bodke of Prabhudas Lilladher is positive on UPL, KSB Pumps, PI Industries and Aurobindo Pharma.
Manav Chopra of Nirmal Bang advises buying CESC for a target price of Rs 405 and SREI Infrastructure for a target price of Rs 24.2.
Parag Thakkar, Head of Sales at HDFC Securities suggests buying Maruti Suzuki, Mahindra and Mahindra (M&M), Rallis India and Bayer CropScience with a long term view.
Buy PI Industries with a target of about Rs 700, says PN Vijay, Portfolio Manager. It is in manufacturing of agrichemicals and pesticides. About 50 percent of their business is domestic. They get licenses from multinationals and based on those licenses they manufacture products for the domestic market.
PI Industries has target of Rs 750, says SP Tulsian of sptulian.com.