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
According to Dilip Bhat, Joint MD of Prabhudas Lilladher, Ranbaxy still looks reasonably available at the current levels. It is a good investment bet, he adds.
SP Tulsian of sptulsian.com feels that Ranbaxy Laboratories can test Rs 430 in this series or may be in next couple of weeks.
Pathik Gandotra of Dron Capital feels Ranbaxy Labs can also give a very high return, but it is extremely risky, he adds.
Rajesh Agarwal of Eastern Financiers is of the view that Ranbaxy Laboratories may test Rs 380 in the medium term.
Brokerages advise buying Ranbaxy, TCS, Mahindra & Mahindra, ICICI Bank.
SP Tulsian of sptulsian.com is of the view that Ranbaxy Laboratories may touch Rs 390 in a week. "The delivery percentage today will be very crucial to watch out for because the strong hands which have entered into the stock seems to have come back in their second inning," he adds.
According to Ambareesh Baliga of Edelweiss, Ranbaxy Laboratories may test Rs 365-370.
SP Tulsian of sptulsian.com recommends buying DLF with a target of Rs 139 and a stoploss of Rs 134 and Indiabulls Real Estate with a target of Rs 57 and a stoploss of Rs 55.50.
Shardul Kulkarni of Angel Broking recommends to exit Ranbaxy Laboratories at these prices and probably look at buying around Rs 260-240.
BofA ML believes Ranbaxy will underperform with a target price of Rs 320. According to them, the resolution of USFDA will take longer than expected which will lead to delay in new product approvals and that is likely to impact growth. The brokerage sees limited visibility on its US product pipeline.
SP Tulsian of sptulsian.com is of the view that Ranbaxy Laboratories may test Rs 360-365.
SP Tulsian of sptulsian.com feels that Ranbaxy Laboratories may test Rs 380 by this month expiry.
According to SP Tulsian of sptulsian.com, Ranbaxy Laboratories may touch Rs 375-380 in the near term.
This year, Ranbaxy may post about Rs 7-8 earnings per share (EPS) from their core business, says Bino Pathiparampil of IIFL.
SP Tulsian of sptulsian.com is of the view that one can hold Ranbaxy Laboratories. He expects the share to move to a level of Rs 360 in next 8-10 days.
SP Tulsian of sptulsian.com feels that Ranbaxy Laboratories may bounce back to Rs 360-370 in September series itself. “There is very limited risk of going down from here and Rs 320 seems to be a good support for the stock,†he adds.
According to SP Tulsian of sptulsian.com, Lupin may touch Rs 885-890. “The company received the USFDA approval for launch of the generic version of the Sanofi‘s Ambien, which is for curing of insomnia and it has USD 400 million markets,†he adds.
Ambareesh Baliga, Managing Partner-Global Wealth Management of Edelweiss Financial Services is of the view that one may avoid Ranbaxy Laboratories.
Shardul Kulkarni of Angel Broking is of the view that Ranbaxy Laboratories may touch Rs 250-260 in the next one to one and half months.
Phani Sekhar of Angel Broking suggests to exit from Ranbaxy Laboratories.
According to Nooresh Merani of AMSEC Research, one may sell Ranbaxy Laboratories on rally.
According to Sudarshan Sukhani of s2analytics.com, one may avoid Ranbaxy Laboratories.
If the companies' exclusivities which are still in the pipeline like Diovan and Valcyte are from this plant then there can be significant financial impact, says Sriram Rathi.
Rakesh Arora of Macquarie Capital Securities recommends buying Bharat Petroleum Corporation (BPCL), Ranbaxy Laboratories and Eicher Motors on correction.
Aditya Agarwal of Way2Wealth is of the view that Ranbaxy Laboratories may test Rs 480 on the higher side. "Bharat Heavy Electricals (BHEL) on technical side is giving a breakout from its inverse head and shoulder pattern and we are expecting that the stock may test Rs 132-135 on higher side," he adds.