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
SP Tulsian of sptulsian.com advised exiting Polaris at around Rs 132-135 as Rs 140 is seen to be the strong resistance for the stock/
Aashish Tater of FortuneWizard.com suggests going long on Polaris, Future Retail and Voltas Limited.
SP Tulsian of sptulsian.com advised buying Adani Power with a target price of Rs 55 and Mahindra Satyam with a target price of Rs 116.
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.
SP Tulsian of sptulsian.com advised exiting Polaris. “It is not wise to enter into the stock now because Rs 140 is its fair value capped on the upper side,†he added.
SP Tulsian of sptulsian.com advises investors to be short on companies that have huge foreign debt owing to the depreciating rupee. He asks them to watch out for key announcements next week.
Mayuresh Joshi, VP Institution at Angel Broking says if the Polaris‘ deal goes through in a structured way the stock can reach levels of around Rs 145-150.
Sharmila Joshi of Peerless Securities is bullish on Karnataka Bank, Aditya Birla Nuvo, Polaris Financial Technology and Ipca Laboratories.
Sharmila Joshi of Peerless Securities advised buying Karnataka Bank with a target price of Rs 151 and keep a stoploss at Rs 145.
SP Tulsian of sptulsian.com advises to buy Polaris below Rs 110 for a target of Rs 125.
One can hold Polaris Financial Technology with stoploss of Rs 90-95, says Parag Doctor, Head - Trading Strategies at Keynote Capital's Ltd.
SP Tulsian, sptulsian.com feels that Multi Commodity Exchange of India (MCX) may correct 4-5 percent.
In an interview to CNBC-TV18, SP Tulsian, sptulsian.com takes a positive call on Suzlon. "If somebody can keep a view of 2-3 years, it can give a 200-300 percent return, but yes, in the near-term for 2-3 months that stock should settle at about Rs 24-25 with very minimal downside risk from hereon," adds Tulsian.
Sudarshan Sukhani, s2analytics.com is of the view that one should avoid Polaris Financial Technology.
Trade in Hexaware Tech and Polaris after results, says Sudarshan Sukhani, s2analytics.com.
In CNBC-TV18's popular show Bull's Eye, Lancelot D Cunha of ITI Wealth Management shares trading strategy of the day
Buy Polaris Financial Technology on dips, says Sudarshan Sukhani of s2analytics.com.
Bull's Eye, CNBC-TV18's popular game show, where market experts come together to dish out trading strategies for you to make your week more exciting and compete with each other to see whose portfolio is the strongest.
Sudarshan Sukhani, s2analytics.com is upbeat on midcap IT.
On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Vikrant Jadeja of Vibrant Trades and Rajeev Agarwal of www.dynamixresearch.in, place their bets on two stocks each, thus offering investors a variety of options to choose from.
Hexaware Technologies and Polaris Financial Technology can add 6-8%, says SP Tulsian, sptulsian.com. Hexaware is likely to come out with good numbers in the first week of February and Polaris is also expected to post better numbers.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com says that he is optimistic on the market till mid-January due to heavyweight results like Tata Consultancy Services (TCS), Axis Bank, Wipro, Reliance Industries, HDFC Bank all lined up for the next couple of days.
Hexaware and Polaris are looking good at current levels, says SP Tulsian, sptulsian.com.
Stock analyst SP Tulsian of sptulsian.com explains to CNBC-TV18 that allegations of scam will affect, and at times, force companies to lose focus on their core business activities. Tulsian advises investors to bet on sugar and cement stocks.
Sharmila Joshi, sharmilajoshi.com is of the view that Polaris, Aptech better than Mphasis.