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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
Sudarshan Sukhani of s2analytics.com suggests buying Tech Mahindra at current levels.
Salil Sharma of Kapur Sharma & Co is of the view that Tech Mahindra may go above Rs 2000 in the long term.
Dilip Bhat, Joint MD of Prabhudas Lilladher advises buying Tech Mahindra. "TCS is more of a defensive bet, but our preferred choice would still be Wipro and Tech Mahindra," he adds.
According to Rajesh Agarwal, Director - Research at Eastern Financiers Limited, one may sell Raymond and prefer Lupin or a Sun Pharma in pharma or Tech Mahindra or MindTree from It space.
Ajay Bodke of Prabhudas Liladher has a positive view on Wipro and Tech Mahindra.
According to Aashish Tater of FortuneWizard.com, one may buy Tech Mahindra at current level. "We expect this will be the next entry in the Nifty space and all the top five players will be in the Nifty," he adds.
Rakesh Gandhi, technical analyst & trader recommends buying Bank of India with a target of Rs 181.50 and Century Textiles and Industries with a target of Rs 269.90.
Nischal Maheshwari of Edelweiss Securities is of the view that one may accumulate Infosys.
Shardul Kulkarni of Angel Broking feels that Tech Mahindra may touch Rs 1500.
Meghana Malkan of malkansview.com advises buying Century Textile with a target price of Rs 267 and Chambal Fertiliser with a target price of Rs 38.5.
Sanjeev Prasad, Senior Executive Director & Co-Head at Kotak Institutional Equities said Infosys and Tech Mahindra would be top picks in IT space.
Sharmila Joshi of Peerless Securities recommends buying Aurobindo Pharma with a target of Rs 220 and advises selling GMR Infrastructure with a target of Rs 21.15.
Sharmila Joshi of Peerless Securities advises selling GMR Infrastructure October Future with a target price of Rs 21.15 and Federal Bank October Future with a target price of Rs 281.
Mayuresh Joshi of Angel Broking is of the view that Tech Mahindra may test Rs 1360-1365 over the next few sessions.
Aditya Agarwal of Way2Wealth recommends going long on Tech Mahindra with a target of Rs 1400 and stoploss at Rs 1320.
Shardul Kulkarni, Angel Broking advises selling Bank of India September Future with a stoploss at Rs 174 and IDFC with a stoploss at Rs 99.
Vishal Malkan, CMT at malkansview.com advises buying Wipro above Rs 500 and it can move to Rs 650-700. “One can even prefer Tech Mahindra over Wipro,†he adds.
Phani Sekhar, Fund Manager at Angel Broking advises to prefer Tech Mahindra over Wipro. "Wipro will take another 3-4 quarters to show some kind of turnaround," he adds.
Lancelot D‘Cunha of ITI Wealth Management suggests buying Indraprastha Gas (IGL) with a target price of Rs 294 and Dish TV India with a target price of Rs 49.90.
Saurabh Mittal of Swadeshi Credits advises buying Dena Bank with a target price of Rs 52 and Rolta with a target price of Rs 61.
Pritesh Mehta of IIFL suggests buying Ambuja Cements with a target of Rs 206 and Tech Mahindra with a target of Rs 1380.
Amisha Vora of Prabhudas Lilladher is of the view that one may pick Tech Mahindra, Wipro, Hero Motocorp, Larsen and Toubro (L&T), ICICI Bank and ING Vysya Bank.
Shardul Kulkarni of Angel Broking suggests buying Tech Mahindra and TCS. "Tech Mahindra can move towards Rs 1420-1440 levels," he adds.
According to Prakash Diwan of Altamount Capital Management, one may go long on Tech Mahindra with a target of Rs 1325 and Canara Bank with a target of Rs 234.
Vishal Malkan of malkansview.com recommends buying Tech Mahindra with a target price of Rs 1325 and Shree Renuka Sugars with a target price of Rs 20.50.
