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
The pharma sector has seen the biggest correction over the past one month. The index itself has seen a 5 percent fall from the top. Abhishek Sharma, a pharma analyst at IIFL, gave his views on Dr Reddy's, Glenmark, Cipla and Sun Pharma.
Mayuresh Joshi of Angel Broking likes private banks and selective pharma names and also likes TCS, Infosys and HCL Technologies.
TS Harihar of HRBV Client Solutions is of the view that one may look at the pharma space once the market stabilises around 7,400-7,500.
Sudarshan Sukhani of s2analytics.com is of the view that one can add HDFC Bank, ICICI Bank, SBI and TCS in the portfolio.
According to Ambareesh Baliga, Independent Market Expert, one can buy Lupin, Sun Pharma and Dr Reddy's Labs at lower levels.
According to Sahil Kapoor of Edelweiss Financial Services, one may see pressure in the pharma space.
Ajay Bagga, Market Expert is of the view that one may prefer IT and pharma stocks.
Sudarshan Sukhani of s2analytics.com is of the view that metal stocks are short selling ideas and prefers private sector banks, pharmaceuticals, IT, Reliance Industries and oil marketing companies.
Sudip Bandopadhyay, President at Destimoney Securities is of the view that one can pick Sun Pharma at the current level.
Mayuresh Joshi of Angel Broking is of the view that one may prefer Dishman Pharma and Sun Pharma from the pharma space.
According to the brokerage, India & core US businesses and generic Gleevec launch are critical to drive its FY17 EBITDA (earnings before interest, tax, depreciation and amortisation). It expects 40 percent Y-o-Y FY17 EBITDA growth for Sun Pharma.
Dilip Bhat of Prabhudas Lilladher is of the view that one may prefer HDFC Bank, ICICI Bank and SBI for long term.
Siddarth Bhamre of Angel Broking is of the view that one may prefer the IT and the pharma space.
Mayuresh Joshi of Angel Broking is of the view that one can prefer Sun Pharma and Dishman Pharmaceuticals.
Sudarshan Sukhani of s2analytics.com recommends buying Infosys, Sun Pharmaceutical Industries, State Bank of India, ICICI Bank, HDFC and Aurobindo Pharma.
Sudarshan Sukhani of s2analytics.com recommends buying IT and pharma stocks on dips.
Rahul Mohindar of viratechindia.com is of the view that one may prefer pharmaceuticals and technology stocks looking at the buy side of the market.
Dipan Mehta, Member at BSE & NSE is of the view that one may look at pharmaceutical, private sector banks and the IT space.
Deepak Shenoy, Founder of Capitalmind.in likes Sun Pharma and Strides Arcolab and feels that pharma as a space is worth looking into.
Sudip Bandopadhyay of Destimoney Securities is of the view that one can look at buying the automobile and pharma stocks.
Sudarshan Sukhani of s2analytics.com is of the view that one can consider investing in Infosys, State Bank of India, ICICI Bank, Sun Pharmaceutical Industries, Maruti Suzuki, Larsen and Toubro, Housing Development Finance Corporation and Aurobindo Pharma.
Hemindra Hazari, Independent Market Expert has a positive view on the IT and pharma sectors.
Rahul Mohindar of viratechindia.com recommends buying Infosys, Sun Pharmaceutical Industries and Zee Entertainment Enterprises.
Jay Thakkar of ShareKhan suggests selling Axis Bank with a target of Rs 490.
Anmol Ganjoo of JM Financial likes Divis Laboratories and Torrent Pharma from the pharma space.