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
Kunal Bothra of LKP advises buying Lupin with a target price of Rs 902 and Bajaj Finance with a target price of Rs 1,300.
SP Tulsian of sptulsian.com advises exiting Reliance Power and getting into CESC, JSW Energy or NTPC.
SP Tulsian of sptulsian.com is of the view that one may exit Reliance Power.
According to Prakash Diwan of Altamount Capital Management, one may go long on Reliance Power with a target of Rs 74.25 and Dhanlaxmi Bank with a target of Rs 42.85.
Vishal Jajoo of Nirmal Bang recommends buying Colgate Palmolive with a target price of Rs 1275 and Delta Corp with a target price of Rs 74.50.
Sudarshan Sukhani of s2analytics.com suggests buying Tata Power and Reliance Power from the power sector.
One may hold, says Ashu Madan of Religare Securities.
Abhijit Paul of Alphative Advisors is of the view that Reliance Power may touch Rs 76-77.
According to Sudarshan Sukhani of s2analytics.com, one may go long on Reliance Power.
Brokerages recommend buying ICICI Bank and M&M Financial. Meanwhile, they suggest selling Reliance Power and going short on Apollo Tyres.
Accoring to Vishal Malkan of malkansview.com, one may buy Aurobindo Pharma with a target of Rs 198 and Reliance Power with a target of Rs 70.
Lancelot D Cunha, CEO of Sharyans Wealth Management Private Limited advised buying Ipca Labs with a target price of Rs 721 and LIC Housing Finance with a target price of Rs 164.
Aashish Tater of Fortunewizard.com recommends buying GMR Infrastructure with a target of Rs 16.50 and advises selling YES Bank for a target of Rs 216.
According to Hemant Thukral, Reliance Power may touch Rs 62 in immediate short-term. "One would play with a very tight stop loss of Rs 68 today because market is oversold, " he adds.
According to SP Tulsian of sptulsian.com, one may sell Reliance Power and also sell Bharti Airtel at around Rs 330-335.
Vishal Malkan of malkansview.com recommends selling Adani Enterprises with a stop loss of Rs 183.50 for target of Rs 171 and advises selling Dish TV India with a stop loss of Rs 53.50.
Vishal Malkan of malkansview.com recommended selling Adani Enterprises August future for a target price of Rs 171 and Dish TV August future for a target price of Rs 49.25.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Reliance Power on intraday consolidations or minor dips.
According to Vishal Malkan of malkansview.com one may buy Reliance Power with a stop loss of Rs 75.50 with target of Rs 81 and advises buying Bata India with a stop of Rs 875 for targets of Rs 935.
One can buy Reliance Power 80 Call at around Rs 2 and sell 85 Call for Re 1, says VK Sharma of HDFC Securities.
Aashish Tater of FortuneWizard.com advised buying Hexaware Technologies with a target price of Rs 99.50 and SpiceJet with a target price of Rs 29.
According to Nooresh Mirani of AMSEC Research, one may buy Reliance Capital with a target price of Rs 390 and Reliance Power with a target of Rs 78.
Sudarshan Sukhani of s2analytics.com is of the opinion that one may buy Reliance Power after consolidation.
Sharmila Joshi of Peerless Securities advised buying United Phosphorous with a target price of Rs 142 and Sun Pharma Advanced Research with a target price of Rs 142.
Nooresh Mirani of AMSEC Research recommends buying CESC with a target price of Rs 450 in the long-term and advises to buy Aurobindo Pharma with a target price of Rs 200 and a stop loss at Rs 187.