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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
Krishna Kumar Karwa, MD at Emkay Global Financial Services is positive on Tech Mahindra.
Nitin Raheja, founder of ADF Advisors likes KPIT Technologies and Tech Mahindra within the midcap IT space. He also likes rating agency CARE.
Dipan Mehta, member of BSE and NSE is of the view that one may pick Tech Mahindra from technology space and Sun Pharmaceutical Industries within the pharma space.
Meghna Malkan of malkansview.com recommends buying Tech Mahindra with a target of Rs 1720 and Crompton Greaves with a target of Rs 123.
Meghna Malkan of malkansview.com advises buying Larsen and Toubro for a target price of Rs 1040 and Adani Ports for a target price of Rs 169.
Nischal Maheshwari of Edelweiss Financial Services is of the view that one may accumulate Infosys, Tech Mahindra and Persistent Systems from the IT space.
According to Kunal Bothra of LKP, one may buy Tech Mahindra for a target of Rs 1780 and Karnataka Bank for a target price of Rs 107.
Pankaj Jain of Sunteck Wealthmax advises buying CEAT for a target price of Rs 229.50 and JK Tyre for a target price of Rs 139.75.
Manas Jaiswal of manasjaiswal.com advises buying Tata Global Beverage with a target of Rs 154 and UCO Bank with a target of Rs 82.
Dilip Bhat of Prabhudas Lilladher recommends buying Larsen and Toubro (L&T), Tech Mahindra. Infosys and Tata Consultancy Services (TCS).
Kunal Bothra of LKP is of the view that Tech Mahindra may test Rs 1800 in the next 2-3 months.
SP Tulsian of sptulsian.com is positive on Eicher Motors and neutral on Prestige Estates Projects.
Deven Choksey, MD at KR Choksey Shares and Securities suggests adding Tech Mahindra in the portfolio on corrective downside.
According to Hemen Kapadia of KR Choksey Securities, one may buy ITC with a target of Rs 326 and sell Larsen and Toubro with a target of Rs 946.
Ambareesh Baliga of Edelweiss Financial Services is of the view that one may see decent upside in Tech Mahindra.
Hemen Kapadia, KR Choksey Securities suggests buying Sun Pharmaceutical Industries with a target of Rs 611 and selling Larsen and Toubro with a stoploss at Rs 968.
According to Dharmesh Kant of India Nivesh Securities, one may buy Tech Mahindra with a target of Rs 1,590 and advises selling Housing Development and Infrastructure (HDIL) with a target of Rs 39.
Vishal Jajoo of Nirmal Bang Securities advises buying IndusInd Bank with a target price of Rs 465 and Pidilite Industries with a target price of Rs 292.
Meghana Malkan of malkansview.com recommends selling LIC Housing Finance with a target of Rs 196 and advises buying Tech Mahindra with a target of Rs 1545.
Dharmesh Kant of India Nivesh Securities advises buying Bajaj Finance with a target price of Rs 1,320 and JB Chemicals with a target price of Rs 99.
Rajen Shah of Angel Stock Broking believes that there could be a 20 percent upside on Tech Mahindra from current level.
Shrikant Chauhan of Kotak Securities advises buying Larsen and Toubro with a target of Rs 950 and selling ITC with a stoploss at Rs 351.
Manav Chopra of Nirmal Bang recommends buying Wipro with a target of Rs 535 and Tech Mahindra with a target of Rs 1660.
Prakash Diwan of Altamount Capital advises buying Suzlon Energy with a target price of Rs 7.65 and Hindustan Zinc with a target price of Rs 137.25.
Gautam Trivedi of Religare Capital Markets feels that Tech Mahindra may go upto Rs 1700.
