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
Prakash Gaba of prakashgaba.com recommends buying Ashok Leyland and feels that one can short GATI and Tata Elxsi.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Tech Mahindra, UPL and Just Dial and buy SKS Microfinance.
Sudarshan Sukhani of s2analytics.com recommends selling Tata Motors and Bank of Baroda and buy Tech Mahindra.
Rajat Bose of rajatkbose.com recommends buying Tech Mahindra and feels that Kaveri Seed may test Rs 459.
Sudarshan Sukhani of s2analytics.com recommends shorting BPCL and Syndicate Bank and advises buying Tech Mahindra.
Rajat Bose of rajatkbose.com recommends buying Axis Bank and feels that Tech Mahindra may test Rs 503.
According to Ashwani Gujral of ashwanigujral.com, one can sell Teh Mahindra and add Cera Sanitaryware and Symphony to the portfolio.
Sandeep Wagle of powermywealth.com is of the view that one can sell Tech Mahindra and buy Aurobindo Pharma.
Ashwani Gujral of ashwanigujral.com recommends selling Tech Mahindra, LIC Housing Finance and Jubilant Foodworks.
Kunal Saraogi of Equityrush recommends buying Aurobindo Pharma with a target of Rs 820 and advises selling ICICI Bank with a target of Rs 215.
Yogesh Mehta of Motilal Oswal Securities is of the view that one can short HDFC and feels that Tech Mahindra may test Rs 510.
Sandip Agarwal of Edelweiss Securities suggests holding Tata Consultancy Services.
Ashwani Gujral of ashwanigujral.com recommends buying Hindalco Industries, Tech Mahindra and Tata Motors DVR.
Sharmila Joshi of sharmilajoshi.com is of the view that one may prefer ICICI Bank, Cummins, HCL Technologies, Tech Mahindra and Sun Pharma.
Rahul Shah of Motilal Oswal is of the view that one can buy Infosys with a target of Rs 1220.
Rajat Bose of rajatkbose.com is of the view that one may buy BHEL and sell Tata Steel, JSW Steel and Tech Mahindra.
Vishal Malkan of malkansview.com recommends buying Reliance Communications with a target of Rs 55 and Bata India with a target of Rs 540.
Prakash Gaba of prakashgaba.com is of the view that IndusInd Bank may test Rs 965 while HDFc Bank may hit Rs 1075.
Accenture's strong earnings report will not have a great impact on Indian IT companies, says Karan Taurani, senior analyst at Dolat Capital. Indian tech majors aren't exposed much to consulting business, a key driver of Accenture's growth, he adds.
However, this should not discount the fact that Accenture‘s success is a result of its strong execution in digital and consulting, also helped by the fact that they are better positioned for it from a delivery, sales and client profile perspective, says Jefferies
Sudarshan Sukhani of s2analytics.com recommends buying Bharat Forge, TCS, Tech Mahindra and Infosys.
According to Rajat Bose of rajatkbose.com, Tech Mahindra may test Rs 525.
Ashish Kyal of wavesstrategy.com advises selling Lupin with a target of Rs 1570.
Ashwani Gujral of ashwanigujral.com recommends selling Glenmark Pharma and DHFL and advises buying Tech Mahindra.
The broking firm expects Tech M's enterprise revenue to grow 14 percent (YoY) in FY17, supported by CY15 deal wins and strong business momentum in recent quarters. Overall it sees USD revenues to grow 10 percent (YoY) in FY17.