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
Adani Ports and Special Economic Zone can go up from here. It has given a minor breakout but as long as the minor breakout sustains, it can climb to levels closer to Rs 267 and stoploss is below Rs 257, says Prakash Gaba of prakashgaba.com.
Kotak says that it would have been better if Tech Mahindra had put its cash to acquire capabilities in the digital or financial services domain, instead. Tech Mahindra needs to be prudent on cash management or else it will risk losing investor confidence in capital allocation decisions.
Rajat Bose of rajatkbose.com is of the view that Infosys is a good trade with a target of Rs 1110.
Ashish Kyal of wavesstrategy.com advises buying Asian Paints.
Gaurang Shah of Geojit BNP Paribas Financial Services is of the view that one may prefer Tech Mahindra and HCL Technologies.
Shashi Bhusan, IT Analyst at IDFC Securities is positive on Infosys and feels that Tech Mahindra may test Rs 680.
Manoj Murlidharan of Religare Securities advises buying Tech Mahindra at around Rs 514-516.
Sudarshan Sukhani of s2analytics.com is of the view that one may short Tata Consultancy Services, HCL Technologies and Tech Mahindra.
Sudarshan Sukhani of s2analytics.com is of the view that HCL Technologies, Infosys, Tata Consultancy Services and Tech Mahindra deserve a buy.
According to Sharmila Joshi of sharmilajoshi.com, one may buy Infosys, TCS and Tech Mahindra from the IT space.
Manoj Murlidharan of Religare Securities recommends buying Tech Mahindra current month futures with a target of Rs 586.
Sudarshan Sukhani of s2analytics.com recommends buying Tech Mahindra as th stock may head higher.
Siddarth Bhamre of Angel Broking expects Tech Mahindra to hit Rs 576 and likes TCS and Wipro.
Manav Chopra of Monarch Networth Capital recommends buying Tech Mahindra for a target of Rs 580.
Krish Subramanyam of Altamount Capital recommends buying Tech Mahindra November future and sell 560 Call.
Hemen Kapadia of KR Choksey Securities is of the view that one may sell Arvind with a target of Rs 277.
Krish Subramanyam of Altamount Capital recommends buying Dabur India.
Sudarshan Sukhani of s2analytics.com is positive on all IT stocks including Tech Mahindra.
CK Narayan, MD, Growth Avenues Asset Advisors is of the view that one may pick Mindtree, Strides Arcolab and Aurobindo Pharma.
Sudarshan Sukhani of s2analytics.com recommends buying Asian Paints, Divis Laboratories and Tech Mahindra.
Chandan Taparia of Anand Rathi Securities is of the view that one can go long in Tech Mahindra with a target of Rs 615.
Rahul Mohindar of viratechindia.com recommends buying Zee Entertainment Enterprises, Tata Motors and Tech Mahindra.
Sudarshan Sukhani of s2analytics.com recommends buying Tech Mahindra and advises holding the stock.
According to Sharmila Joshi of sharmilajoshi.com, one may prefer largecap stocks like Larsen and Toubro, Sun Pharma and Dabur India.
Kunal Bothra of LKP Securities recommends buying Strides Arcolab and Tech Mahindra.