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
Shahina Mukadam of Varun Capital recommends selling JSW Steel today with a target of Rs 480 and advises selling Federal Bank with a day target of Rs 325.
Nooresh Merani of AMSEC Research advised selling Titan Industries for a target price of Rs 250 and buying United Phosphorous for a target price of Rs 135.
Sharmila Joshi, Head of Equity of Peerless Securities recommends selling Adani Power.
Aashish Tater of Fortunewizard.com recommends selling Adani Power for a target of Rs 25 and advises selling Tata Chemicals for a target of Rs 225.
Aashish Tater of Fortunewizard.com advised going short on Adani Power for a target price of Rs 25 and Tata Chemicals with a target price of Rs 220.
Sudarshan Sukhani of s2analytics.com recommends selling Adani Power as the stock is consistently falling and is on the verge of a significant breakdown.
Jaiprakash Associates' chart structure indicates a clear flag breakdown and going forward expect the stock to move towards the prior lows of around Rs 45. Sell the stock below the levels of Rs 51.35 in the July futures contract, says Shardul Kulkarni of Angel Broking.
Rajesh Agarwal, Head of Research of Eastern Financiers is of the opinion that one shoudl avoid Adani Power.
Phani Sekhar, Fund Manager of Angel Broking recommends avoiding Adani Power as the stock is very highly valued at about 2.1 times price to book.
Brokerages calls on BPCL, Jaypee Infra, Bajaj, Adani Power
One may remain invested in Adani Power and look for Rs 46 in 3-4 months, says SP Tulsian of sptulsian.com.
One may get out of Adani Power somewhere above Rs 50, says Sanjeev Agarwal, CEO of Dynamix Research & Capital Management.
One may sell Adani Power as there is more downside and all three companies of Adani are back to their downtrends, says Sudarshan Sukhani of s2analytics.com.
Shahina Mukadam of Varun Capital advices buying Emami, Housing Development Infrastructure (HDIL) and selling Sterlite Industries and Adani Power.
Rajesh Agarwal of Eastern Financiers advises to buy Mahindra Ugine for a target price of Rs 95.50 and Rasoya Proteins for a target price of Rs 13.
Jagannadham Thununguntla, Strategist & Head of Research, SMC Global Securities recommends to stay away from Adani Power.
Sudarshan Sukhani of s2analytics.com advises selling Adani power on any small rally.
Manas Jaiswal of manasjaiswal.com suggest to go short in Adani Power at current levels with a stop loss of Rs 46.50 and short Jain Irrigation Systems at current levels with a stop loss of Rs 56.50.
SP Tulsian of sptulsian.com is positive on Adani Power, Mahindra Satyam and Glenmark Pharma. He recommends buying these stocks.
According to Sudarshan Sukhani of s2analytics.com, Adani Ports is a short sell and, not only for the day, but also as a positional short.
SP Tulsian of sptulsian.com advised buying Adani Power with a target price of Rs 55 and Mahindra Satyam with a target price of Rs 116.
Aashish Tater of fortunewizard.com advised going long on Jet Airways and short on Adani Power, Arvind and HDIL.
Aashish Tater, head of research at fortunewizard.com advised going short on Adani Power with a target price of Rs 50.5 and Arvind with a target price of Rs 81.
Arunesh Madan of Augment Investment suggest shorting Reliance Industries at the current market price, keep a stop loss above Rs 850 levels on closing basis and look for a target of Rs 820 and Rs 810 going forward.
Sharekhan is betting on United Spirits for a target of Rs 2519-2565 with a stop loss of Rs 2397. It feels that United Spirits may consider selling Scottish grain whisky distillery Invergordon, which it acquired as part of the USD 1.18-billion Whyte & Mackay acquisition.