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
Ashwani Gujral of ashwanigujral.com recommends buying Sun Pharma, Lupin and Dr Reddy's Laboratories on declines.
Gautam Chhaochharia, Head-India Research at UBS is overweight on pharma space.
Gaurav Bissa of LKP Securities recommends buying LIC Housing Finance 520 Call and ONGC 220 Put.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Pidilite Industries and Oriental Bank of Commerce and sell Union Bank of India.
AK Prabhakar of IDBI Capital suggests holding Sun Pharmaceutical Industries.
Prakash Gaba of prakashgaba.com expects good upmove in Sun Pharma with a target of Rs 790 and likes BEML and Coal India.
Parag Thakkar of HDFC Securities is of the view that pharma space looks attractive.
Rahul Shah of Motilal Oswal is of the view that one can buy Rural Electrification Corporation, Reliance Industries, Voltas and Sun Pharma.
Ashwani Gujral of ashwanigujral.com is of the view that Strides Shasun may test Rs 1350-1400.
In an interview to CNBC-TV18, Daljeet Singh Kohli of India Nivesh Securites shared his readings and outlook on specific stocks and sector.
Sudarshan Sukhani of s2analytics.com is of the view that one may see momentum is stocks like Dr Reddy's Laboratories, Sun Pharmaceutical Industries, State Bank of India, HDFC Bank and HDFC.
Aditya Agarwal, Senior Derivative Analyst at Way2wealth Securities is of the view that one can buy Sun Pharma, Idea Cellular and NCC and sell Hindalco Industries.
Prakash Gaba of prakashgaba.com is of the view that Ashok Leyland may test Rs 102 while Sun Pharma may hit Rs 805 and Jain Irrigation may head to Rs 80.
Ashwani Gujral of ashwanigujral.com recommends buying Dena Bank, SREI Infra, Kesoram Industries, Biocon and Sun Pharma Advanced Research Company.
On Friday, the day of Brexit referendum results, the benchmark Sensex lost nearly 1,100 points intra-day before closing 604.51 points lower. Investors' wealth in stock market took a hit of nearly Rs 1.8 lakh crore on that day.
Brokerage houses do not see any major impact of Brexit on pharma companies' earnings. In fact they have not changed their views post Friday's event, saying companies may get impacted only by currency volatility globally. According to them, any EU impact will offset by US large exposure to the US.
I won‘t be surprised to see pharma as the story for July series and won‘t be surprised in seeing a big upsurge in all big pharma, said SP Tulsian.
Ashwani Gujral of ashwanigujral.com recommends buying Sun Pharmaceutical Industries, Bharat Petroleum Corporation and Hindustan Petroleum Corporation and advises selling UPL and Bata India.
According to Prakash Gaba of prakashgaba.com, one may stay invested in Sun Pharmaceutical Industries.
Ashwani Gujral of ashwanigujral.com recommends selling Tata Consultancy Services and advises buying YES Bank and Sun Pharmaceutical Industries.
Parag Thakkar of HDFC Securities is of the view that one can buy Lupin for long term.
Ashwani Gujral of ashwanigujral.com recommends buying Sun Pharmaceutical Industries for long term and feels that Sobha may test Rs 450 while Coal India may hit Rs 400.
P Phani Sekhar of Karvy Stock Broking is of the view that pharma is a good contra buy.
Ashwani Gujral of ashwanigujral.com recommends buying Sun Pharma and JSW Steel and advises selling Tata Motors.
Gaurang Shah of Geojit BNP Paribas feels that Sun Pharma may test Rs 825-835.