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, KR Choksey Securities suggests buying Ranbaxy Laboratories with target of Rs 346 and Asian Paints with target of Rs 498.
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
Gopi Suvanam, founderof InvestWorks has a bullish stance on pharma space including Cipla and Lupin.
Sudarshan Sukhani of s2analytics.com is of the view that one may prefer Ranbaxy Laboratories with a long term view.
According to Vishal Malkan of malkansview.com, one may exit Ranbaxy Laboratories at around Rs 360-365.
These should be the top 10 stocks that you should be on one's radar - TCS, M&M, Tec Mahindra, Telecom, Jubilant Foods, BHEL, Ranbaxy, PFC, Mphasis Aand Vardhman Textiles.
VK Sharma of HDFC Securities advises buying Ranbaxy Laboratories 320 call and selling 360 call.
Pankaj Jain of Sunteck Wealthmax suggests selling Canara Bank for a target price of Rs 237 Oriental Bank of Commerce for a target price of Rs 181.
Kunal Bothra of LKP advises selling Bata India for a target price of Rs 938 and HDIL for a target price of Rs 45.50.
Toansa is the fourth unit of the company which is banned and added to consent decree. With this, all of the company's India-based plants supplying to US are banned. Its Ohm Laboratories, the only plant which has USFDA approval, manufactures drugs using API from Toansa.
Ajay Srivastava of Dimensions Consulting advises buying Ranbaxy Laboratories.
Deven Choksey, MD at KR Choksey Shares & Securities is of the view that one may stay away from Ranbaxy Laboratories.
Larsen and Toubro, Adani Enterprises, Ranbaxy, L&T Finance. NBFCs like IDFC, Power Finance Corporation (PFC). Also REC, UCO Bank ahead of numbers today, Amara Raja, Radico Khaitan after Rakesh Jhunjhunwala bought stake yesterday, KSK Energy Venture and Elpro International.
According to Hemen Kapadia of KR Choksey Securities, one may buy Ranbaxy Laboratories with a target of Rs 417 and State Bank of India (SBI) with a target of Rs 1661.
Sudarshan Sukhani of s2analytics.com is upbeat on Ranbaxy Laboratories.
Ranbaxy has received a form 483 with certain observations from the USFDA on its Toansa bulk drug plant in Punjab.
Aditya Agarwal of Way2Wealth.com is of the view that one may short Ranbaxy Laboratories on bounce.
SP Tulsian of sptulsian.com has a positive view on Ranbaxy Laboratories.
According to Gopi Suvanam of Investworks, one may avoid Ranbaxy Laboratories and Sun Pharmaceutical Industries.
SP Tulsian of sptulsian.com advises going long on Ranbaxy Laboratories with a target of Rs 465-466 and stoploss at Rs 458.
According to Sudarshan Sukhani of s2analytics.com, one may stay away from pharma space.
KR Bharat, MD of Advent Advisors is bullish on IT, healthcare and auto ancillary sectors.
Ashish Chaturmohta of Fortune Equity Brokers feels that Ranbaxy Laboratories and Lupin are looking good for 8-10 percent upside from current levels.
According to Ashish Chaturmohta of Fortune Equity Brokers, Ranbaxy Laboratories may touch Rs 530 as it has seen a very significant addition of open interest (OI). BHEL looks strong, he adds.
Abhishek Karande of SBICAP Securities is of the view that one may prefer Cipla, Divi‘s Laboartories, Ranbaxy Laboratories within the pharmaceutical sector, and Maruti Suzuki India and Hero Motocorp within the automobile space.