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 Lancelot D Cunha CEO of Sharyans Wealth Management, one may buy Jet Airways with a target of Rs 320 and Ranbaxy Laboratories with a target of Rs 447.
SP Tulsian of sptulsian.com is cautious on Ranbaxy Laboratories. "One may take the contrarian view, when it goes up one can short at about Rs 445-450 and when it goes down at Rs 405-415 where the long can be created as a positional trader with expiry view," he adds.
Shahina Mukadam of Varun Capital advised buying Hindalco Industries with a target price of Rs 115 and SAIL with a target price of Rs 49.
SP Tulsian of sptulsian.com os of the view that Ranbaxy Laboratories may correct to Rs 380-390 and feels that the stock may also bounce back to Rs 420-430 level in this series itself.
According to Abhijit Paul, Founder of Alphative Advisors LLP, one may book some profits in Ranbaxy Laboratories around Rs 415-420.
ICICI Direct has a sell call on Titan with a target between Rs 211.50 and Rs 208. Their stop loss is at Rs 219.
Shardul Kulkarni of Angel Broking suggests buying MRF with a target at Rs 14000 and NMDC with a target at Rs 130.
SP Tulsian of sptulsian.com is cautious on Ranbaxy Laboratories for the September series.
Dilip Bhat, Joint MD of Prabhudas Lilladher is of the view that one may hold Ranbaxy Laboratories.
According to Sudarshan Sukhani of s2analytics.com, one may buy Ranbaxy Laboratories. "One should trade it on the long side only if there is a sense that markets are relatively quiet today," he adds.
Shardul Kulkarni of Angel Broking is of the view that Ranbaxy Laboratories may touch Rs 420-425 over the next couple of trading sessions.
Rajesh Jain of Religare Securities advices buying Ranbaxy Laboratories with target of Rs 415 and selling DLF with a target of Rs 135.
According to Shardul Kulkarni, Sr Technical Analyst at Angel Broking, one may buy Ranbaxy Laboratories on declines. "In the next two-two and a half months the stock may move around Rs 420-440," he adds.
Anmol Ganjoo of Antique Stock Broking is upbeat on Lupin and Ranbaxy. He expects these stocks to perform well going ahead. On the other hand, he not so confident about Wockhardt's performance.
According to Sanjeev Agarwal, CEO of Dynamix Research & Capital Management, one may buy Ranbaxy Laboratories above Rs 290.
Sudarshan Sukhani of s2analytics.com is of the opinion that one may sell Ranbaxy Laboratories as downside momentum is just starting in it.
Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities recommends selling Ranbaxy Laboratories as there are more downsides in the stock and it can head to Rs 250.
Sudarshan Sukhani of s2analytics.com recommends buying Reliance Communications (RComm) and advises selling Ranbaxy Laboratories.
Anmol Ganjoo, pharma analyst, Antique Stock Broking says one should give the company time to fix the various problems in its US business and wait before taking a view unless one sees an improvement on ground.
Sudarshan Sukhani of s2analytics.com recommends to sell Ranbaxy Laboratories.
According to Manas Jaiswal of manasjaiswal.com one can buy Ranbaxy Laboratories at current levels with stop loss of Rs 335.
Hemant Thukral of Aditya Birla Money says one may short Ranbaxy Labs around Rs 325-330 levels.
Sudarshan Sukhani of s2analytics.com recommends selling Ranbaxy Laboratories in strength or on a consolidation.
Vineet Bhatnagar, MD of PhillipCapital says that HDFC, ICICI Bank, HDFC Bank, Ranbaxy Laboratories, Sun Pharma and other front-line stocks could face some pressure in the last half hour of trade today.
Sandip Sabharwal of Prabhudas Lilladher advises to avoid Ranbaxy Laboratories and focus on the companies which are actually doing well.