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
Ambareesh Baliga of Edelweiss Financial Services suggests buying Raymond and Century Textiles.
Gaurav Ratnaparkhi, Sharekhan advises buying Jain Irrigation Systems with a target of Rs 68 and Hindustan Petroleum Corporation (HPCL) with a target of Rs 212.
According to Rajesh Agarwal, Director - Research at Eastern Financiers Limited, one may sell Raymond and prefer Lupin or a Sun Pharma in pharma or Tech Mahindra or MindTree from It space.
Pritesh Mehta of IIFL suggests buying Punj Lloyd with a target of Rs 29 and Raymond with a target of Rs 265.
According to Pritesh Mehta of IIFL, Raymond may touch Rs 265-27 in the next couple of trading sessions.
SP Tulsian of sptulsian.com recommends going long on Indiabulls Real Estate and Zee Entertainment. He advises selling Raymond with a stoploss of Rs 212.
Shardul Kulkarni of Angel Broking feels Raymond may go up to Rs 246-248. At these levels, one should look to book profits, he adds.
Vishal Malkan of malkansview.com recommends buying Bank of India with a target of Rs 154 and Housing Development and Infrastructure (HDIL) with a target of Rs 34.
Vishal Malkan of malkansview.com advised buying Bank of India with a target price of Rs 154 and HDIL with a target price of Rs 34.
Sudarshan Sukhani of s2analytics.com recommends selling Raymond as the stock is making new lows and may head lower.
Sudarshan Sukhani of s2analytics.com suggests selling India Cements and Raymond. "In India Cements, a small consolidation has broken on the downside decisively, which gives much lower levels," he adds.
Prakash Diwan of Altamount Capital Management is of the opinion that one may buy Clariant Chemicals with a target of Rs 529 and stop loss of Rs 499 and advises selling Raymond with a target of Rs 226 and stop loss of Rs 239.
Sharmila Joshi of Peerless Securities advised buying Exide Industries with a target price of Rs 139 and Hexaware Technologies with a target price of Rs 110.
Shardul Kulkarni of Angel Broking recommends selling Raymond with a stop loss at Rs 251.
According to Vishal Malkan of malkansview.com, one may buy Housing Development and Infrastructure with targets of Rs 44.75 and advises to buy Arvind with a stop of Rs 75 for target of Rs 80.
Aashish Tater of FortuneWizard.com advised buying Firstsource Solutions with a target price of Rs 13.8 and Dena Bank with a target price of Rs 73.5.
Lancelot D Cunha of Sharyans Wealth Management recommends to sell Reliance Capital and expects it to hit Rs 334. He further advices to sell Raymond with a target price of Rs 229.
Sudarshan Sukhani of s2analytics.com feels that Raymond may see lower levels.
Aashish Tater of Fortunewizard.com advises to short HDIL with a target price of Rs 35 and Jain Irrigation with a target price Rs 46.5.
Aashish Tater of fortunewizard.com recommends to go long on Andhra Bank for a target of close to Rs 89 and stop loss at Rs 83 and advises to sell Allahabad Bank.
Aashish Tater of Fortunewizard.com advised buying Andhra Bank with a target price of Rs 89 and selling Allahabad Bank July futures for a target price of Rs 89.
Pankaj Jain of Sunteck Wealthmax recommends to sell IRB Infrastructure, Dena Bank, Raymond & Jaiprakash Power.
SP Tulsian of sptulsian.com advises to go short on Jaiprakash Power Ventures with a target price of Rs 16.50 and Opto Circuit with a target price of Rs 17.50.
Manas Jaiswal of manasjaiswal.com suggests to go short on Jaiprakash Associates and UCO Bank.
Sudarshan Sukhani of s2analytics.com expects further downside in Raymond as its distribution pattern is continuing on the downside.
