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
Kunal Bothra of LKP advises buying BF Utilities with a target price of Rs 176 and Kolte-Patil with a target price of Rs 76.
Vishal Kshatriya of Edelweiss Securities advises buying ITC with a target of Rs 375 and selling IDFC with a stoploss at Rs 100.
According to Kunal Bothra of LKP, Punj Lloyd may touch Rs 31-32 in the next one week.
According to Pritesh Mehta of IIFL Punj Lloyd may test Rs 29 in the next 5-6 trading sessions.
Pritesh Mehta of IIFL suggests buying Punj Lloyd with a target of Rs 29 and Raymond with a target of Rs 265.
Hemant Thukral of Aditya Birla Money feels that Punj Lloyd may touch Rs 34. “One may keep stoploss at Rs 23-23.50,†he adds.
Rajesh Agarwal of Eastern Financiers advised buying Dredging Corporation with a target price of Rs 255 and Amara Raja Batteries with a target price of Rs 250.
According to Sharmila Joshi of Peerless Securities, one may sell UCO Bank with a target of Rs 63 and advises selling Shree Renuka Sugars with a target of Rs 17.75.
Prakash Diwan of Altamount Capital Management recommended buying GMR Infrastructure with a target price of Rs 17.25 and Mindtree with a target price of Rs 991.
Shardul Kulkarni of Angel Broking recommends selling Future Retail as the stock is in a strong downtrend and may head towards Rs 80.
Shardul Kulkarni of Angel Broking recommends buying HDFC near Rs 825 levels. Place a stop loss at Rs 803 and trade bullish for a target of Rs 870 over the next six-eight trading sessions.
Gaurav Ratnaparkhi of Sharekhan feels that Reliance Communications has considerable downside potential from current level and from trading perspective stoploss for RComm Futures can be placed at Rs 145.80 and target on the downside will be Rs 135.
According to Shardul Kulkarni of Angel Broking one may expect 8-10 percent fall in Punj Lloyd and Housing Development and Infrastructure.
Nooresh Merani of AMSEC Research recommends buying CESC with a target of Rs 360 and stop loss at Rs 338 and advises selling Punj Lloyd with a target price of Rs 30 and a stop loss at Rs 33.50.
Sharmila Joshi of Peerless Securities advises buying Ceat with a target price of Rs 110 and Hexaware Technologies with a target price of Rs 93.
Sudarshan Sukhani of s2analytics.com advises to sell Punj Lloyd as its consolidations could easily break on the downside.
Manas Jaiswal of manasjaiswal.com recommends to short Punj Lloyd at current levels with a stop loss of Rs 39 and short Hero Motocorp at current levels with a stop loss of Rs 1,645.
Sudarshan Sukhani of s2analytics.com advises to go short on Punj Lloyd. "One should not buy the stock," he adds.
SP Tulsian of sptulsian.com advises to exit Punj Lloyd as weakness in the stock may continue for the next one year.
Ashish Kapur of Investshoppe is of the view that one can go long on Bata India with a target of Rs 915 and stop loss at Rs 850.
Sharmila Joshi of Peerless Securities advised buying Karnataka Bank with a target price of Rs 151 and keep a stoploss at Rs 145.
Aashish Tater of FortuneWizard.com is bullish on Punj Lloyd and Jaypee Infratech. However, he maintained sell rating on Voltas and Crompton Greaves.
Pankaj Jain of Sunteck Wealthmax is bullish on Voltas, IVRCL, BEML, Heidelberg Cement and recommends buy rating on the stocks.
According to Sudarshan Sukhani of s2analytics.com, long term investor can hold Punj Lloyd.
Rajen Shah of Angel Broking is of the view that Punj Lloyd has target of Rs 75. One can expect about 35-40 percent kind of upside in the next twelve months.