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
One can sell Ranbaxy Laboratories on rally, says Sudarshan Sukhani of s2analytics.com.
One may sell on a little more upside in Ranbaxy Laboratories as the market was choppy throughout the day, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani of s2analytics.com advises selling Rural Electrification Corporation and Power Finance Corporation as both are showing signs of weakness.
Sudarshan Sukhani of s2analytics.com recommends selling Ranbaxy Laboratories but with every decline short selling becomes a risk.
Ashu Madan, President, Core Client Group of Religare Securities Ltd recommends holding Ranbaxy Laboratories.
One can avoid Ranbaxy Laboratories as it is showing no signs of stability, says Sudarshan Sukhani of s2analytics.com.
One can sell Ranbaxy Laboratories as it is breaking all support levels, says Sudarshan Sukhani of s2analytics.com.
SP Tulsian of sptulsian.com advises to prefer Glenmark Pharma, Aurobindo Pharma or Cipla over Ranbaxy Labs.
Prashant Nair of Citi India told CNBC-TV18 that the pharma sector's valuations in current market downturn situation has held up well. He presents his views on buzzing stocks from the sector.
SP Tulsian of sptulsian.com feels it is better if one takes a trading position in spite of having positive view on the pharma, one should remain away from the stock.
Shardul Kulkarni of Angel Broking is of the view that, one can see a pullback in Ranbaxy Laboratories towards Rs 405-410 over the next couple of trading sessions.
Mehraboon Irani of Nirmal Bang Securities remains negative on Ranbaxy. He says one should not buy the stock. "I don't see any reasons why Ranbaxy should be going up in a hurry at least from the present levels," he adds.
Sudarshan Sukhani of s2analytics.com advises to avoid JP Associate and Ranbaxy at current levels. One can sell JP Associate on rally.
SP Tulsian of sptulsian.com advises to go long in Ranbaxy Labs and Aurobindo Pharma with a target of Rs 409 and Rs 180 respectively.
One should not buy Ranbaxy Laboratories, says Sudarshan Sukhani of s2analytics.com. "There is no support in the stock."
Portfolio Manager, PN Vijay is bullish on L&T despite the stock falling heavily on Thursday. He is bullish on the real estate sector. Also, he suggests buying pharma stock Wockhardt, on dips.
According to Dynamix Research & Capital Management‘s CEO Sanjeev Agarwal, Ranbaxy may see a pullback around Rs 440-450. He said that would be a level to exit the stock.
Eastern Financiers‘ Head of Research Rajesh Agarwal recommended selling Ranbaxy Labs. He said he wouldn‘t be surprised if this stock falls below Rs 350 in next three months.
Bino Pathiparampil of IIFL Capital told CNBC-TV18 that there has been a major rally in the sector over the last couple of years. Thus, many of the stocks went up 20 percent in the last couple of months itself.
Sharmila Joshi, Head of Equity, Peerless Securities is of the view that one can switch to Cipla from Ranbaxy Laboratories.
Sudarshan Sukhani of s2analytics.com is of the view that one can sell Ranbaxy Laboratories.
Manas Jaiswal of manasjaiswal.com has recommended a buy rating on Adani Power and Dena Bank.
Kunal Bothra, Sr Technical Analyst of LKP is of the view that, if Ranbaxy Laboratories breaks at Rs 440 level in the next couple of days the short-term uptrend could more or less be over for the stock.
SP Tulsian of sptulsian.com is of the view that one can short Adani Enterprises with a target of Rs 239."Short Ranbaxy Laboratories with a target of Rs 440 and stop loss of Rs 448 ," he added.
Sudarshan Sukhani of s2analytics.com feels that a new uptrend seems to be starting in Ranbaxy Laboratories.