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
Sudarshan Sukhani of s2analytics.com is of the view that Shree Renuka Sugars is looking attractive at current levels.
Shardul Kulkarni of Angel Broking feels that Shree Renuka Sugars may test Rs 23.
Shrikant Chouhan of Kotak Securities suggests buying Cipla with a target of Rs 420-425 and Federal Bank with a target of Rs 85.50-87.
Kunal Bothra of LKP advises holding Shree Renuka Sugars at current level. He advises profit booking at around Rs 30-33 levels.
Hemen Kapadia of KR Choksey Securities advises buying Sun TV Network with a target of Rs 391 and suggests selling Bank of India with a target of Rs 205.
Rajesh Agarwal of Eastern Financiers advises selling Shree Renuka Sugars.
Ambareesh Baliga of Edelweiss Financial Services is of the view that one may buy and hold frontline sugar stocks like Balrampur Chini and Shree Renuka Sugars for atleast next two-three quarters.
Jigar Shah of Kim Eng Sec is of the view that one may stay away from sugar sector.
Manas Jaiswal of manasjaiswal.com recommends buying Shree Renuka Sugars at current levels keeping a strict stoploss of Rs 19.
Kunal Bothra of LKP Shares advises buying Voltas with a target of Rs 99 and JSPL with a target of Rs 264.
Ambareesh Baliga, Managing Partner-Global Wealth Management at Edelweiss Financial Services recommends buying Shree Renuka Sugars for long term.
According to Pankaj Jain of Sunteck Wealthmax Capital, one may go long on Indiabulls Housing Finance with a target of Rs 209.45 and Shree Renuka Sugars with a target of Rs 24.90.
Sharmila Joshi of Fairwealth Securities advises buying Rallis India with a target price of Rs 161.50 and TVS Motor Company with a target price of Rs 51.
According to Pankaj Jain of Sunteck Wealthmax Capital, one may go long on Shree Renuka Sugars with a target of Rs 24.75 and advises selling Indiabulls Real Estate with a target price of Rs 62.05.
Lancelot D Cunha of ITI Wealth Management advises buying Mangalore Chemical and Fertiliser with a target price of Rs 53.50 and Sun Pharma Advanced Research Company with a target price of Rs 146.
Rajesh Agarwal, Director - Research of Eastern Financiers recommends booking profits in Shree Renuka Sugars.
According to Pankaj Jain of Sunteck Wealthmax Capital, one may buy Bajaj Hindusthan and Shree Renuka Sugars.
Sharmila Joshi of Fairwealth Securities advises buying NHPC with a target price of Rs 20.50 and YES Bank with a target price of Rs 382.
Sudarshan Sukhani of s2analytics.com recommends buying Shree Renuka Sugars within the sugar space.
Prakash Diwan of Altamount Capital advises buying Suzlon Energy with a target price of Rs 7.65 and Hindustan Zinc with a target price of Rs 137.25.
According to SP Tulsian of sptulsian.com, one may exit Shree Renuka Sugars at Rs 21 level. He does not have a positive view on the sugar industry.
Vishal Malkan of malkansview.com recommends buying Tech Mahindra with a target price of Rs 1325 and Shree Renuka Sugars with a target price of Rs 20.50.
Manas Jaiswal of manasjaiwal.com suggests buying Shree Renuka Sugars with a target of Rs 20 and GMR Infrastructure with a target of Rs 21.
SP Tulsian of sptulsian.com is of the view that one may look to exit Shree Renuka Sugars at Rs 18.50 level.
Vishal Malkan of malkansview.com recommends selling Idea Cellular September futures with a target of Rs 144 and advises buying Hexaware Technologies with a target of Rs 136.