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
SP Tulsian of sptulsian.com has a negative stance on all the ferrous metal stocks including Jindal Steel & Power and Steel Authority of India.
Pankaj Jain of Sunteck Welathmax recommends going long on Steel Authority of India (SAIL) and Jaypee Infratech.
Nooresh Merani of AMSEC Research suggest buying Bajaj Corp with a target of Rs 285 and Bank Of India with a target of Rs 175.
Sudarshan Sukhani of s2analytics.com recommends buying Jindal Steel & Power and Steel Authority of India (SAIL) and JSW Steel from metal sector.
Shahina Mukadam of Varun Capital recommends buying Hindalco Industries with a target of Rs 115 and SAIL with a target of Rs 49.
Shahina Mukadam of Varun Capital advised buying Hindalco Industries with a target price of Rs 115 and SAIL with a target price of Rs 49.
Hemant Thukral, National Head-Derivative Desk of Aditya Birla Money recommends buying Steel Authority of India (SAIL) on dips and expects a target of Rs 48-49.
Sudarshan Sukhani of s2analytics.com is of the view that JSW Steel is a short term buying opportunity. In case of SAIL, he advises to stay away.
SP Tulsian of sptulsian.com is positive on the nonferrous metal space and cautious on ferrous metal stocks.
Pankaj Jain of Sunteck Wealthmax recommends going long on Hexaware Technologies and Steel Authority of India (SAIL) and Rural Electrification Corporation (REC).
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.
Sharmila Joshi of Peerless Securities recommends buying TV18 Broadcast with a target of Rs 18 and Steel Authority of India (SAIL) with a target of Rs 47.
Vishal Malkan of malkansview.com advised buying Bank of India with a target price of Rs 154 and HDIL with a target price of Rs 34.
In an interview to CNBC-TV18, Bhavesh Chauhan of Angel Broking said that he cautiously optimistic on the metal sector.
Brokerages are bullish on Natco Pharma, SAIL, Reliance Capital, RIL and ICICI Bank.
Mayuresh Joshi, VP Institution of Angel Broking is of the view that one may sell Steel Authority of India on rallies and advises to look at stocks in pharma or consumer durable space.
Brokerages recommend trading calls on four stocks, namely NTPC, NMDC, Sail and Bata.
SP Tulsian, sptulsian.com is negative on Jindal Steel & Power (JSPL). "There was some relief coming in on the news flow that the company is looking to acquire some of the mining assets abroad, but even that has not worked in case of their Bolivia efforts which they initiated couple of years back," he adds.
Parag Doctor of Keynote Capital recommended buying Britannia Industries and Glaxosmithkline Pharma. However, he advised one can sell HDIL and SAIL.
Sharmila Joshi of Peerless Securities advised buying Sterlite Industries with a target price of Rs 96.50. Meanwhile, Parag Doctor of Keynote Capital advised buying Britannia Industries with a stoploss at Rs 700 and for a target price of Rs 750.
SP Tulsian of sptulsian.com suggests going short on Dena Bank at current level. He feels that the stock can correct to a level of Rs 84 in the near term.
SP Tulsian is negative on ferrous metal stocks but positive on Hindalco, Nalco and Hindustan Zinc
SP Tulsian of sptulsian.com is bearish on oil marketing companies. "I am not keeping the positive view on all three oil marketing companies," he added.
According to SP Tulsian of sptulsian.com one can short the metal stocks like JSW Steel, Jindal Steel and Power (JSPL), Tata Steel and Steel Authority of India.
On CNBC-TV18's show Super Six, market gurus Manas Jaiswal of manasjaiswal.com, Rajeev Agarwal of dynamixresearch.in and Shardul Kulkarni of Angel Broking, place their bets on two stocks each, thus offering investors a variety of options to choose from.