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
Saurabh Mittal of Swadeshi Credits advises selling Financial Technologies with a target price of Rs 155 and buying Shipping Corporation of India with a target price of Rs 36.
Abhijit Paul of Alphative Advisors advises holding Hexaware Technologies with a long term view. "The stock has the potential to go much higher from here and can actually go all the way towards Rs 140-150," he adds.
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.
Vishal Malkan of malkansview.com advised selling Idea Cellular September futures for a target price of Rs 144 and Hindustan Zinc September futures for a target price of Rs 113.
Ashu Madan, President - Core Client Group at Religare Securities Ltd suggests to book profits in Hexaware Technologies. "One may get into the stock between Rs 100 and Rs 110," he adds.
Pankaj Jain of Sunteck Wealthmax advised buying LIC Housing Finance with a target price of Rs 181.50 and HDIL with a target price of Rs 37.95.
Saurabh Mittal of Swadeshi Credits recommends buying YES Bank with a target of Rs 267 and Jindal Saw with a target of Rs 52.
Pankaj Jain of Sunteck Wealthmax recommends going long on Hexaware Technologies and Steel Authority of India (SAIL) and Rural Electrification Corporation (REC).
According to SP Tulsian of sptulsian.com, one may exit Hexaware Technologies at around Rs 132-135. He feels that prices should settle at around Rs 132-135.
Ajay Srivastava, CEO of Dimensions Consulting is of the view that Hexaware Technologies may touch Rs 140-150 because the employee issues will get settled in and Baring‘s network should get them some amount of semblance or more credibility.
Aashish Tater of Fortunewizard.com advised buying Polaris with a target price of Rs 111 and Vijaya Bank with a target price of Rs 38.
Here's why brokerages have a BUY call on Hexaware, L&T, Maruti and Gujarat Pipavav.
Sharmila Joshi of Peerless Securities recommends buying Hexaware Technologies with a target of Rs 120 and selling Apollo Tyres with a target of Rs 61.50.
Sharmila Joshi of Peerless Securities advised selling Aurobindo Pharma August future with a target price of Rs 170 and Apollo Tyres August future with a target price of Rs 61.5.
According to Sharmila Joshi of Peerless Securities, one may buy Tata Global Beverage with a target of Rs 144 and sell IFCI with a target of Rs 19.
Vishal Malkan of malkansview.com advised buying Tata Motors DVR for a target price of Rs 150 and Jaiprakash Power Ventures for a target price of Rs 14.25.
According to Prakash Diwan of Altamount Capital Management, one may go long on Jet Airways with a target price of Rs 328.50 and Hexaware Technologies with a target of Rs 124.90.
Sharmila Joshi of Peerless Securities recommends buying Wockhardt with a target of Rs 470 and advises selling Voltas with a stop loss at Rs 70.70.
Prakash Diwan of Altamount Capital Management advised buying Jet Airways with a target price of Rs 328.50 and Hexaware Technologies with a target price of Rs 124.90.
According to Shahina Mukadam of Varun Capital, one may buy Rural Electrification Corporation (REC) with a target of Rs 170 and advises buying Hexaware Technologies.
Nooresh Merani of AMSEC Research recommends buying Hexaware Technologies for an intraday target price of Rs 125 and a stop loss at Rs 117 and advises buying United Phosphorous as the stock may touch 145-150.
Lancelot D Cunha of ITI Wealth Management recommended buying LIC Housing Finance with a target price of Rs 177.50 and SKS Microfinance with a target price of Rs 132.50.
Pankaj Jain of Sunteck Wealthmax recommends going long on Idea Cellular and advises buying Hexaware Technologies.
Pankaj Jain of Sunteck Wealthmax advised buying Idea Cellular with a target price of Rs 176 and Hexaware Technologies with a target price of Rs 121.50.
Sudarshan Sukhani of s2analytics.com is of the view that one may see more upside in Hexaware Technologies.