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 Pankaj Jain of Sunteck Wealthmax, one may short Jain Irrigation Systems for a target price of Rs 59 and Syndicate Bank for a target price of Rs 78.10.
Independent Technical Analyst Rakesh Gandhi advises selling Allahabad Bank for a target price of Rs 75.5 and Jindal Steel and Power for a target price of Rs 246.25.
Sudarshan Sukhani of s2analytics.com is of the view that one could sell Futures in Tata Chemicals and hold on to them for a long time for may be two-three weeks.
Sharmila Joshi of sharmilajoshi.com advises buying Amara Raja Batteries for a target price of Rs 346 and Jyothy Laboratories for a target price of Rs 199.
Nooresh Mirani of AMSEC Research recommends buying Dabur India with a target of Rs 166 and Tata Chemicals with a target of Rs 290.
Nooresh Merani of AMSEC Research advises buying Dabur India for a target price of Rs 166 and Tata Chemicals for a target price of Rs 290.
Vishal Malkan of malkansview.com recommends buying Arvind with a target of Rs 128 and Idea Cellular with a target of Rs 170.
Lancelot D Cunha of ITI Wealth Management advises buying Glenmark Pharma for a target price of Rs 504.90 and SKS Microfinance for a target price of Rs 150.
Sudarshan Sukhani of s2analytics.com advises buying Tata Chemicals and Mahindra and Mahindra (M&M).
Pritesh Mehta, IIFL suggests buying BGR Energy with a target of Rs 119 and Jubilant Life Sciences with a target of Rs 115.
Shrikant Chauhan of Kotak Securities advises buying United Spirits with a target of Rs 2850-2900 and Bank of Baroda with a target of Rs 625.
According to Abhijit Paul, Founder of Alphative Advisors LLP, Tata Chemicals may touch Rs 270 and may even head higher to Rs 285.
According to Vishal Malkan of malkansview.com, one may buy Tata Chemicals with a target of Rs 254 and advises selling Indiabulls Real Estate October Futures.
Manav Chopra of Nirmal Bang advises buying Bharat Forge with a target price of Rs 284 and NHPC with a target price of Rs 19.50.
Vishal Malkan of malkanviews.com recommends buying Chambal Fertilisers and Chemicals with a target of Rs 39.25 and Tata Chemicals with a target of Rs 258.
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.
Sudarshan Sukhani of s2analytics.com is of the view that one ay see lower levels in Tata Chemicals as it looks weak.
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.
According to Sudarshan Sukhani of s2analytics.com, one may go short on Tata Chemicals as the may test Rs 210-220 in the short-term.
According to Shahina Mukadam of Varun Capital, one may buy Tata Global Beverage with a target of Rs 152 and advises selling Tata Chemicals.
Shahina Mukadam of Varun Capital recommended buying Tata Global Beverage with a target price of Rs 152 and Jet Airways with a target price of Rs 352.
Aashish Tater of Fortunewizard.com recommends selling Adani Power for a target of Rs 25 and advises selling Tata Chemicals for a target of Rs 225.
Aashish Tater of Fortunewizard.com advised going short on Adani Power for a target price of Rs 25 and Tata Chemicals with a target price of Rs 220.
According to Sharmila Joshi of Peerless Securities, one may buy Exide Industries with a target of Rs 139 and stop loss of Rs 133 and also advises to buy Hexaware Technologies with a target of Rs 110 and stop loss at Rs 105.50.
Sharmila Joshi of Peerless Securities advised buying Exide Industries with a target price of Rs 139 and Hexaware Technologies with a target price of Rs 110.