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
Hemen Kapadia, VP at KR Choksey Securities is of the view that one may prefer Tech Mahindra on correction.
Gopi Suvanam of InvestWorks is of the view that one may short Tech Mahindra and buy HCL Technologies.
Meghana V Malkan of malkansview.com suggets buying India Cements with a target of Rs 127-132 and Tata Global Beverage with a target of Rs 177-183.
Krish Subramanyam of Asit C Mehta Investments Intermediates is of the view that one can buy Tech Mahindra 2400 Put and sell 2300 Put.
Sudarshan Sukhani of s2analytics.com recommends buying Mahindra and Mahindra, Tech Mahindra and Asian Paints.
According to Ajay Srivastava, CEO at Dimension Consulting, Tech Mahindra is the top pick in the IT sector.
Vishal Malkan of malkansview.com is of the view that one can buy Tech Mahindra with a target of Rs 2380 and Divis Laboratories with a target of Rs 1,625.
According to CK Narayan, MD of Growth Avenues, one may prefer Infosys, Tech Mahindra and Hexaware Technologies from IT space.
Vishal Jajoo, Nirmal Bang Securities advises buying Kopran for a target price of Rs 65.50 and Jaiprakash Associates for a target price of Rs 55.75.
Rahul Shah, Associate VP, Equity Advisory Group of Motilal Oswal recommends Tech Mahindra 2350 Call.
Here are stocks that should be on your radar - L&T Finance Holdings, Astrazeneca, HDFC Bank, Mphasis, Tech Mahindra, MMTC, BPCL, Infosys, HSIL and Crompton Greaves.
According to Sandeep Muthangi of IIFL Institutional, one may prefer Tech Mahindra and HCL Technologies from the IT space.
SP Tulsian of sptulisan.com has a bullish stance on the real estate space and feels that DLF, Prestige Estate, Brigade Enterprise and Indiabulls Real Estate may give good returns.
Akshata Deshmukh of Networth Capital prefers Tech Mahindra, Delta Corp, Union Bank of India and Rural Electrification Corporation.
Hemant Thukral of Aditya Birla Money recommends buying Tech Mahindra as the stock may test Rs 1915-1920.
Vishal Malkan, Malkansview advises buying CESC for a target price of Rs 520 and Cadila Healthcare for a target price of Rs 1070.
According to Kunal Bothra, Head of Advisory at LKP, Tech Mahindra may test Rs 2000 in the next one month.
SP Tulsian of sptulsian.com is of the view that one may buy Tech Mahindra as the stock may go above Rs 1900 in next couple of weeks.
Dhananjay Sinha, head-institutional research, Emkay Global Financial Services is positive on the IT sector.
Prakash Diwan, director, Altamount Capital Management advises profits booking in Tech Mahindra and Tata Consultancy Services.
According to Sandeep Muthangi, VP Research at IIFL Institutional Equities, Tech Mahindra and Persistent Systems are the top picks in the IT space.
Sudarshan Sukhani of s2analytics.com prefers TCS, Infosys and Tech Mahindra from IT space.
Manav Chopra of Nirmal Bang recommends buying CESC with a target of Rs 490 and Mcleod Russel with a target of Rs 275.
Bhuvnesh Singh, MD & Head of India Research at Barclays prefer pharma and IT services space.
Ambareesh Baliga of Edelweiss Financial Services is of the view that one may buy Tech Mahindra.