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
According to Manav Chopra of Nirmal Bang, one may buy Sintex Industries with a target of Rs 26 and Adani Enterprises with a target of Rs 175.
Prakash Diwan of Altamount Capital advises going long in Phoenix Mills with a target price of Rs 234 and Cinemax India with a target price of Rs 280.
Vikrant Jadeja of Vibrant Trades advises buying Exide Industries with a target of Rs 143 and shorting Hindalco October Future with a stoploss at Rs 113.
Nooresh Merani of AMSEC Research recommends holding Sintex Industries as the stock may bounce back to Rs 30-35.
According to Phani Sekhar, Fund Manager at Angel Broking, one may hold Sintex Industries. “If everything goes right for this stock over the next two years time frame one can look at a price of around Rs 40-45 at which point one can look at exiting the stock,†he adds.
According to Vishal Jajoo of Nirmal Bang, one may buy Jyothy Laboratories with a target price of Rs 152 and Sintex Industries with a target of Rs 24.50.
Prakash Diwan of Altamount Capital Management recommended buying Hindustan Zinc with a target price of Rs 129.90 and Alembic Pharma with a target price of Rs 145.50.
SP Tulsian of sptulsian.com is bullish on the Sintex Industries. The stock can test Rs 24 in next couple of weeks, he adds.
SP Tulsian of sptulsian.com suggests holding Suzlon Energy for long term.
Pritesh Mehta of IIFL suggests buying Siemens with a target of Rs 490 and HDFC with a target of Rs 810.
According to Shardul Kulkarni of Angel Broking, one may stay away from Sintex Industries. "One may enter Reliance Communications at around Rs 100," he adds.
According to Gaurav Ratnaparkhi of Sharekhan, one may buy ICICI Bank with a target of Rs 895 and Titan Industries with a target of Rs 240.
Sudarshan Sukhani of s2analytics.com resommends buying Sintex Industries as the momentum in the stock is on the long side.
According to Rajesh Agarwal of Eastern Financiers, one may buy YES Bank with a target of Rs 319. He further advises buying Tilaknagar Industries with a target of Rs 67.
Saurabh Mittal, Director of Swadeshi Credits recommended buying United Spirits with a target price of Rs 2420 and Muthoot Finance with a target price of Rs 104.
Sudarshan Sukhani of s2analytics.com is of the view that aggressive trader may buy Sintex Industries.
Gaurav Ratnaparkhi of Sharekhan feels that Reliance Communications has considerable downside potential from current level and from trading perspective stoploss for RComm Futures can be placed at Rs 145.80 and target on the downside will be Rs 135.
Rajesh Jain of SMC Global suggests buying Cairn India for a target of Rs 310 and IDBI Bank at current price for target price of Rs 78.
Phani Sekhar, Fund Manager of Angel Broking is of the opinion that one may sell Sintex Industries as the valuations of the company are not very flattering and advises to look for some other stocks.
According to Rajesh Agarwal, Head of Research of Eastern Financiers, one may sell Sintex Industries. "They reported flat profits despite the forex losses were lesser than last year by around Rs 20 crore," he adds.
Parag Doctor, Head, Trading Strategies of Keynote Capital's is negative on Sintex Industries.
One may go long on Tata Power with a stop loss at Rs 80, says Manoj Murlidharan Vayalar of IIFL.
One may sell Jaiprakash Associates, Karnataka Bank and Sintex Industries and advises to go long term in Gujarat Mineral Development Corporation, says Pankaj Jain of Sunteck Wealthmax.
SP Tulsian of sptulsian.com advised buying Karnataka Bank with a target price of Rs 124 and Future Retail with a target price of Rs 106.
According to Nooresh Merani, AVP Technical, AMSEC Research one can go short in Adani Enterprises, Sintex Industries and PTC India and Tech Mahindra.