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 Chandan Taparia of Anand Rathi Securities, one may go long in Tech Mahindra for a target of Rs 1900-1950.
These should be the top 10 stocks that you should be on one's radar - TCS, M&M, Tec Mahindra, Telecom, Jubilant Foods, BHEL, Ranbaxy, PFC, Mphasis Aand Vardhman Textiles.
Sudarshan Sukhani of s2analytics.com advises to avoid IT stocks.
Krish Subramanyam of Asit C Mehta Investment recommends buying Tech Mahindra 1600 put and 1900 call.
Ajay Bodke, head of investment strategy & advisory of Prabhudas Lilladher prefers Infosys, Tech Mahindra and Wipro within the largecap space.
Rajeev Agarwal of dynamixresearch.com suggests selling Asian Paints with a target of Rs 455-435 and HDFC Bank with a target of Rs 630-605.
Independent Technical Analyst Rakesh Gandhi advises selling Canara Bank for a target of Rs 237.5 and HDIL with a stoploss of Rs 48.5.
Kunal Bothra of LKP advises selling Bata India for a target price of Rs 938 and HDIL for a target price of Rs 45.50.
Tirthankar Patnaik, EVP - Institutional Sales at Religare Capital Markets is overweight on IT space. "We like Infosys from a fundamental turnaround story, we like TCS from an execution story," he reasoned.
According to Vishal Malkan of malkansview.com, one may short Century Textiles and Industries with a target of Rs 290 and Bank of India with a target of Rs 221.
Independent Advisor AK Prabharkar advises buying NIIT Technologies for a target price of Rs 430 and SKS Microfinance for a target price of Rs 200.
According to SP Tulsian of sptulsian.com, Tech Mahindra is a top pick in the IT space.
Rakesh Tarway of Motilal Oswal advises to prefer Infosys, TCS and Tech Mahindra from the IT space.
Rajat Rajgarhia, Head-Research at Motilal Oswal Securities is of the view that one may prefer HDFC Bank, ONGC and Bharti Airtel, which will do very well in 2014.
Sudarshan Sukhani of s2analytics.com is of the view that one may go long in Tech Mahindra at current levels and advises holding on to the stock for a few days.
Shardul Kulkarni of Angel Broking recommends buying Tech Mahindra on dips as the stock may test Rs 1900-1925.
Sudarshan Sukhani of s2analytics.com recommends buying Tech Mahindra and advises avoiding Infosys.
Shardul Kulkarni of Angel Broking recommends buying Tech Mahindra with a stoploss at Rs 1,790.
According to Andrew Holland, CEO at Ambit Investment Advisors, Tech Mahindra is the main bet in IT sector.
Rakesh Gandhi, Independent Technical Analyst recommends buying Tech Mahindra with a target of Rs 1855 and advises selling YES Bank with a target of Rs 355.
Meghana Malkan of malkansview.com advises buying Ashok Leyland for a target price of Rs 18.50 and Arvind for a target price of Rs 152.
Anish Damania, Head-Institutional Equities of IDFC Securities prefers Tech Mahindra and Persistent Systems in the midcap IT space.
Gopi Suvanam, Founder of InvestWorks advises profits booking in Tata Consultancy Services (TCS).
According to Sanju Verma, Group CEO at Violet Arch Capital Advisors, one may prefer MindTree and NIIT from midcap IT space.
Mayuresh Joshi of Angel Broking feels that Tech Mahindra may move to Rs 1925.