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
Rajesh Agarwal of AUM Capital recommends buying Jindal Steel & Power with target of Rs 263 and stop loss at Rs 245 and CESC with target of Rs 1078 and stop loss at Rs 1028.
As per the option data, in Nifty immediate support is seen around 10,200 levels whereas 10,500 will act as a hurdle in April expiry.
"Praj Industries has given a channel breakout above Rs 95 level on the daily scale with higher volumes. The Daily Relative Strength Index (RSI) is showing upward momentum and the MACD is trading with a positive crossover near the zero line," says Abhishek Mondal of Guiness Securities.
Ashwani Gujral of ashwanigujral.com recommends buying Delta Corp with a stop loss of Rs 312, target of Rs 328 and GSFC with a stop loss of Rs 154, target of Rs 168.
Sandeep Wagle of powermywealth.com is of the view that one may pick Jain Irrigation, Sobha and Praj Industries.
Ashwani Gujral of ashwanigujral.com suggests buying VIP Industries, Tech Mahindra and GAIL India.
Ashwani Gujral of ashwanigujral.com has a buy on Praj Industries with a stop loss of Rs 110, target of Rs 123, a buy on Radico Khaitan with a stop loss of Rs 284, target of Rs 302 and a buy on Balkrishna Industries with a stop loss of Rs 2150, target of Rs 2300.
According to Vijay Chopra of enochventures.com, one may hold Praj Industries.
Sandeep Wagle of powermywealth.com feels that Praj Industries may move to Rs 150-160.
The retained rating by S&P and few major events in pipeline coupled with F&O expiry, we expect the market to trade on caution mode in upcoming session with an inclination towards the upper band.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Gruh Finance, Praj Industries, ABB, Bank of Baroda and Colgate Palmolive (India) and advises selling Century Textiles and Industries.
The top three stocks which could give up to 17 percent return in 3-4 weeks include Mcleod Russel India, Praj Industries and Quess Corp.
Vishvesh Chauhan of Monarch Networth Capital is of the view that one may buy Andhra Sugar with a target of Rs 650.
Vishvesh Chauhan of Monarch Networth Capital is of the view that one may buy Elecon Engineering with a target of Rs 94.
Ambareesh Baliga, Market Expert is of the view that one may buy ONGC and Praj Industries.
The idea behind creating ‘wealth’ is to find companies which can outperform benchmark indices in a Bull Run and contain damage when the equity markets decide to head south.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Apollo Hospitals, GAIL India and UCO Bank and advises buying Put Options in Tata Motors while one can sell Apollo Tyres and Praj Industries.
Prakash Diwan of Altamount Capital Management recommends EPC Industries as it is a leader in the agronomy business.
Mitesh Thacker of miteshthacker.com advises selling Mahindra and Mahindra, Larsen and Toubro, Praj Industries and Pidilite Industries.
Mitesh Thacker of miteshthacker.com recommends buying Praj Industries, Reliance Infra and JSW Energy and is bullish on Hindustan Unilever.
SP Tulsian of sptulsian.com in an interview to CNBC-TV18 shares his views on Biocon and Bharat Financial Inclusion, among others post their quarterly results.
SP Tulsian of sptulsian.com in an interview to CNBC-TV18 shared his rationale behind turning cautious on cement stocks.
Rajesh Agarwal of AUM Capital advises exiting Praj Industries.
Prakash Gaba of prakashgaba.com is of the view that one may hold Praj Industries.
Sameet Chavan of Angel Broking is of the view that one may buy Ceat with a target of Rs 840.