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
Credit Suisse downgrades DRL to underperform from neutral as sharp erosion in the US business leads to high EPS cut. It has also slashed FY17/18 EPS by 35/19 percent and target to Rs 2750 per share. Near-term outlook weak with further hit from expiry of McNeil contract.
Jai Bala of Cashthechaos.com is of the view that one may look at Bharat Forge, State Bank of India, Maruti Suzuki and ICICI Bank.
According to VK Sharma, Head Private Broking & Wealth Management at HDFC Securities, one can buy Asian Paints 1060 Call and Maruti Suzuki 4400 Put.
Sudarshan Sukhani of s2analytics.com recommends buying SBI, Hero Moto, Bajaj Auto, Maruti Suzuki and Lupin.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Hindalco Industries and Maruti Suzuki and buy Vinati Organics.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Pidilite Industries and Dr Reddy's Labs.
Bank of America Merill Lynch stays neutral on Wipro due to lack of triggers but thinks valuation will support. It has cut FY17-18 earnings per shat (EPS) by 4-5 percent and lowered target to Rs 540 per share.
Chandan Taparia, Derivative & Technical Analyst at Anand Rathi Securities recommends buying Apollo Tyres and Ashok Leyland.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy sugar stocks while Maruti Suzuki may test Rs 4750.
Sandeep Wagle, Founder & CEO of powermywealth.com recommends buying Larsen & Toubro, Bajaj Auto, LIC Housing Finance, Maruti Suzuki and Reliance Industries.
Chandan Taparia of Anand Rathi Securities recommends buying ICICI Bank, Maruti Suzuki and UltraTech Cement.
Chandan Taparia of Anand Rathi Securities recommends buying State Bank of India, Maruti Suzuki and HCL Technologies.
According to Ashwani Gujral of ashwanigujral.com, one can buy Maruti Suzuki, HPCL and Garware Wall Ropes.
Sandeep Wagle of powermywealth.com is of the view that one can buy Hindalco Industries, Maruti Suzuki and Blue Star.
Ashwani Gujral of ashwanigujral.com is of the view that oen can buy Hindalco Industries, Axis Bank, Marico and UltraTech Cement.
Sameet Chavan of Angel Broking is of the view that one may buy Maruti Suzuki with a target of Rs 4420.
Rakesh Bansal of RK Global is of the view that one can buy ACC, Granules India, Maruti Suzuki and Siemens and sell Just Dial and Tech Mahindra.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Divis Laboratories, Maruti Suzuki and Coal India.
Parag Thakkar of HDFC Securities is of the view that pharma space looks attractive.
Maruti Suzuki's domestic volumes at 92,100 were down around 10 percent YoY, below the estimate of 97,000. Overall volumes were down around 14 percent YoY due to production losses because of plant shutdown and fire at supplier‘s plant.
Deven Choksey of KRChoksey Invst Managers is of the view that one can add Bajaj Auto, Maruti Suzuki and Mahindra and Mahindra to portfolio.
Dipan Mehta, Member at BSE & NSE is of the view that Maruti Suzuki and Eicher Motors are the top picks.
Though 7th pay hike is lower than in 6th Pay Commission and the arrear payouts are likely to be lower, analysts still expect a consumption boost. Citi economists expect consumption growth pick up to 8.4 percent in FY17 from 7.6 percent in FY16 (marginal downside risks from potential delays in implementation of allowances hike).
The brokerage believes positive earnings surprise is unlikely, given the sharp appreciation of Japanese yen against Indian rupee and capacity constraints.
In an interview to CNBC-TV18, Prakash Diwan of prakashdiwan.in shared his readings and outlook on specific stocks and sectors.