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
Hemen Kapadia of KR Choksey Securities advises buying Cipla with a target of Rs 380 and Havells India with a target of Rs 787.
According to CNBC-TV18‘s research team here are the stocks to keep an eye on: Adani Power, Tata Power, NTPC, Power Grid, ICRA, Care Ratings, GMR Infra, Lanco Infra, Ceat, DCM Shriram
Harshavardhan Dole, power analyst at IIFL is of the view that one may prefer Power Grid, NTPC and Tata Power from Power space.
The top 10 stocks that CNBC-TV18 team has its eyes on are: BHEL, Aban Offshore, Bank of Baroda, Ranbaxy, HCL Tech, Escorts, Jet Airways, Power Grid, Cummins India, LG Balakrishnan & Bros
Prakash Diwan of Altamount Capital Management recommends buying Escorts with a target of Rs 129.50 and Balkrishna Industries with a target of Rs 341.50.
Dharmesh Kant of Indianivesh Securities advises buying UPL for a target price of Rs 210 and YES Bank for a target price of Rs 330.
Abhineet Anand of Quant Broking has a buy rating on Power Grid Corporation of India with a target of Rs 118.
Rakesh Gandhi, Independent Technical Analyst recommends buying Tech Mahindra with a target of Rs 1855 and advises selling YES Bank with a target of Rs 355.
Meghana Malkan of malkansview.com advises buying Ashok Leyland for a target price of Rs 18.50 and Arvind for a target price of Rs 152.
Sharmila Joshi of sharmilajoshi.com advises holding Power Grid Corporation of India.
Abhineet Anand, capital goods analyst at Quant Capital is of the view that one may buy Power Grid Corporation of India as the stock may test Rs 118.
Hemant Thukral of Aditya Birla Money advises buying Power Grid Corporation of India on declines.
Deven Choksey, MD of KR Choksey Shares and Securities is of the view that Power Grid Corporation is a good stock for long term investors.
According to Krish Subramanyam of Asit C Mehta Investment, one may sell Power Grid Corporation of India 92.5 Put and 100 Call.
SP Tulsian of sptulsian.com feels the correction is likely to happen in Power Grid Corporation of India because of new float coming in into the market.
According to Saurabh Mukherjea, CEO, Institutional Equities at Ambit Capital, one may see 15-20 percent upside in Power Grid Corporation of India in a year.
Sudarshan Sukhani of s2analytics.com is of the view that Power Grid Corporation of India may move towards Rs 120 in the next 6-8 months.
SP Tulsian of sptulsian.com is neutral on power generation stocks. Power Grid Corporation of India touched its 52-week high Rs 119.65 and 52-week low Rs 86.70 on 10 December, 2012 and 02 August, 2013, respectively.
Sudarshan Sukhani of s2analytics.com is of the view that one may go long in Power Grid Corporation of India.
Sudarshan Sukhani of s2analytics.com recommends staying with Power Grid Corporation of India as the stock may touch Rs 120 to Rs 125 in the next 6-8 months.
Hemen Kapadia of KR Choksey Securities advises selling Divis Laboratories with a target of Rs 1122 and buying Wipro with a target of Rs 499.
Shardul Kulkarni of Angel Broking is of the view that one may buy Power Grid Corporation at Rs 90.
Ambareesh Baliga of Edelweiss Financial Services is of the view that one may short Power Grid Corporation of India futures and buy its shares in FPO.
Sanju Verma, Group CEO of Violet Arch Capital is of the view that one may buy Power Grid Corporation of India December Put Option or avoid follow-on public offer.
Prakash Diwan of Altamount Capital Management advises to exit Power Grid Corporation of India.