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 should hold Ranbaxy Laboratories in the portfolio and from current level it can go to Rs 475, says Atul Badkar, VP - Institutional Equities - Derivatives Desk at Edelweiss Securities.
Rakesh Gandhi of FRR Shares is bullish on Ranbaxy Laboratories and recommended to buy around Rs 450 with a stop loss of Rs 430 and short-term target of Rs 470.
One can prefer Dr Reddys Laboratories, Sun Pharma over Ranbaxy, says Suresh Mahadevan, MD & Head of Indian Equities at UBS Securities.
Sharmila Joshi, Head of Equity of Peerless Securities said she would hold Ranbaxy for the time being. She expects the stock to hit Rs 509 in next six to nine months.
Daljeet Kohli, Head of Research at IndiaNivesh Securities Private Limited advised booking profits in Ranbaxy Labs.
According to Sudarshan Sukhani of s2analytics.com, positional traders should buy Ranbaxy Laboratories and hold it for a few weeks. He feels after a consolidation of many days Ranbaxy is probably now willing to go higher again.
According to VK Sharma of HDFC Securities, if one buys Ranbaxy 460 Call at around Rs 5.5 and keep a stop loss at Rs 2 it would be possible to earn a premium of Rs 7.
VK Sharma, fundamental analyst, HDFC Securities, recommends buying IDBI Bank and Ranbaxy Laboratories.
Bino Pathiparampil of IIFL says he does not see a secular upside in Ranbaxy Labs even at these levels. According to him, the stock continues to be expensive even after the underperformance.
Sudarshan Sukhani of s2analytics.com recommended buying Ranbaxy Laboratories.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ranbaxy Laboratories.
Siddharth Bhamre of Angel Broking is of the view that one can short Ranbaxy Laboratories with a target of Rs 418.
On CNBC-TV18's show Super Six, market gurus Manas Jaiswal, manasjaiswal.com, Manav Chopra, Nirmal Bang and Rakesh Gandhi, FRR share, place their bets on two stocks each, thus offering investors a variety of options to choose from.
Ranbaxy Labs and Dr Reddy Labs are good bets in pharma space, says Amisha Vora, Prabhudas Lilladher.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ranbaxy Laboratories.
On CNBC-TV18's show Super Six, market gurus Vishal Malkan, malkansview.com, Vishal Kshatriya, Edelweiss and Vikrant Jadeja, vibranttrades.com, place their bets on two stocks each, thus offering investors a variety of options to choose from.
Aashish Tater, Head of Research at Fortunewizard.com advised holding Ranbaxy Labs from a medium to long term perspective.
Rahul Mohindar of Viratechindia advised buying TCS and Ranbaxy Laboratories. He feels these stocks might see upside of 5-6 percent.
Jitendra Panda, Capital First Securities is of the view that one can buy Ranbaxy Laboratories at current levels.
One can buy Ranbaxy Laboratories on dips, says Sudarshan Sukhani of s2analytics.com.
Sudarshan Sukhani of s2analytics.com advises trader to buy Cipla, Ranbaxy and HUL on dips.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ranbaxy Laboratories.
Atul Badkar of Edelweiss Securities feels Rs 440 is very easily achievable with a stop loss of Rs 412 on Ranbaxy Laboratories.
Phani Sekhar, Fund Manager of Angel Broking expects another 10-15 percent appreciation in Ranbaxy from a longer term perspective.
Parag Doctor, Head - Trading Strategies, Keynote Capital's Ltd is of the view that Ranbaxy Laboratories can go upto Rs 430-440.