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
Pankaj Jain of Sunteck Wealthmax advises buying HDIL for a target price of Rs 51.95 and HOEC for a target price of Rs 47.95.
Ambareesh Baliga, Managing Partner-Global Wealth Management at Edelweiss Financial recommends buying Tata Power Company and Adani Power.
As per CERC order, Tata Power has been granted compensatory tariff of 52 paise per unit from the period beyond April 1, 2013. It has also been allowed compensation of Rs 329.45 crore for Mundra project.
According to CNBC-TV18‘s research team here are the stocks to keep an eye on: Adani Power, Tata Power, NTPC, Power Grid, ICRA, Care Ratings, GMR Infra, Lanco Infra, Ceat, DCM Shriram
According to Dipan Mehta, Member of BSE & NSE, one may avoid power sector.
According to Kunal Bothra, Head of Advisory at LKP, Adani Power may touch Rs 40 in short term.
Shrikant Chouhan of Kotak Securities advises buying Century Textiles and Industries with a target of Rs 320-335 and JSW Steel with a target of Rs 885-890.
SP Tulsian of sptulsian.com is of the view that one may prefer Adani Port and Special Economic Zone.
Vishal Malkan of malkansview.com advises buying Century Textiles or target of Rs 335 and Idea Cellular with a target of Rs 160.
Vishal Malkan of malkansview.com advises buying Adani Power for a target price of Rs 36.5 and Ambuja Cements for a target price of Rs 176.
Sudarshan Sukhani of s2analytics.com is of the view that one may stay away from Adani Power.
Sudarshan Sukhani of s2analytics.com is of the view that one may buy Adani Power for long term.
Shardul Kulkarni of Angel Broking prefers Adani Power over Tata Power and Reliance Power within the power space.
Shardul Kulkarni of Angel Broking recommends buying Adani Power with a target of Rs 43-44 and a stoploss at Rs 38.
Aditya Agarwal of Way2Wealth suggests buying Asian Paints with a target of Rs 505-515 and Infosys with a target of Rs 3590.
Vishal Kshatriya of Edelweiss recommends buying Mindtree with a stoploss at Rs 1,470 and a target of Rs 1,650-1,680 and Tata Global Beverage with a stoploss at Rs 148 and a target of Rs 170.
Shardul Kulkarni of Angel Broking recommends buying Sadbhav Engineering with a target of Rs 92-94 and Colgate Palmolive with a target of Rs 1365.
Pritesh Mehta of IIFL is of the view that one may hold on to Adani Power as the stock may touch Rs 49-50 in the next three months.
Shrikant Chouhan of Kotak Securities advises selling Bajaj Auto with a target of Rs 1900-1890 and buying Sesa Sterlite with a target of Rs 202.
Nooresh Merani of Analyse India advises buying NALCO for a target price of Rs 43 and Chambal Fertiliser for a target price of Rs 42.
Vishal Malkan of malkansview.com recommends buying Adani Power as the stock may touch Rs 44-45 in the next few weeks.
Nooresh Merani of Analyse India recommends buying Adani Power for a target of Rs 43 and UPL for a target of Rs 180.
Vishal Malkan of malkansview.com advises buying Divis Labs for a target price of Rs 1,195 and YES Bank for a target price of Rs 415.
Shrikant Chouhan of Kotak Securities suggests buying Karnataka Bank with a target of Rs 115-118 and Adani Ports with a target of Rs 180-185.
Kunal Bothra, Head of Advisory at LKP is of the view that Adani Power may touch Rs 45 if it crosses Rs 40-41.50.