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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
Nooresh Merani of AMSEC Research recommends buying TV18 Broadcast with an intraday target of Rs 21.50 and advises selling Axis Bank with a target of Rs 970.
Sharmila Joshi of Peerless Securities advised going short in DLF September futures with a target price of Rs 146 and Tata Motors DVR September futures with a target price of Rs 158.
Kunj Bansal, CIO of Sanlam has a positive view on Bharat Petroleum Corporation. In the technology space, one may get Tech Mahindra and Persistent Systems at attractive valuations as their earnings will go up given the fact that US economy is doing well," he adds.
Brokerages ICICI Direct recommends buying Siemens and selling Tech Mahindra. Meanwhile, Karvy suggests going long on Lupin and Tata Motors.
Rakesh Gandhi of FRR Shares suggests selling Punjab National Bank with a target of Rs 375 and buying Tech Mahindra with a target of Rs 1475.
According to Anu Jain of IIFL, one may have a positive view on Tech Mahindra and feels that Tata Consultancy Services (TCS) can scale up to Rs 2,100. He further said, "Tata Steel may drop down to Rs 250-252."
Brokerages have a buy on TCS, ITC, Maruti Suzuki, Dish TV and a sell on Eicher Motors.
SP Tulsian of sptulsian.com is cautious on Infosys and Tech Mahindra. “Tech Mahindra and Infosys are looking vulnerable, maybe some interest is seen coming back into Wipro because of its inclusion in the Nifty,†he adds.
According to Gautam Trivedi of Religare Capital, one may buy Infosys and Tech Mahindra. "Tech Mahindra has target of Rs 1600," he adds.
Here are the trading calls for today
Vishal Malkan of CMT recommends buying Tech Mahindra with a target of Rs 1390-1420 and Jindal Steel & Power with a target of Rs 246-249.
Rahul Singh, Head of Equity Research of Standard Chartered Securities says that Tech Mahindra, Wipro, MindTree and HCL Technologies are top picks.
According to Ashish Chaturmohta of Fortune Equity Brokers, Tech Mahindra can move to Rs 1,370-1,375 in the next 3-4 trading sessions. "One can initiate a long positions at current levels and look for a dip towards Rs 1,300 to average the long position," he adds.
ICICI Direct has a buy on Tech Mahindra and sell on DLF. Karvy has a long call on Infosys and a short call on Sun TV.
Sudarshan Sukhani of s2analytics.com is upbeat on Tech Mahindra as the stock has been rallying after correction and may touch new highs.
Here are your trading calls for the day:
Aditya Agarwal of Way2Wealth is of the view that one may short Tech Mahindra at around Rs 1275 and expects the stock to test Rs 1210-1180 in the next 4-5 trading seasons.
Lancelot D Cunha of ITI Wealth Management recommends buying LIC Housing Finance with a target of Rs 172 and advises selling Tech Mahindra August Futures.
Shahina Mukadam of Varun Capital recommended buying Tata Global Beverage with a target price of Rs 152 and Jet Airways with a target price of Rs 352.
Nooresh Merani of AMSEC Research recommends buying Hexaware Technologies for an intraday target price of Rs 125 and a stop loss at Rs 117 and advises buying United Phosphorous as the stock may touch 145-150.
Lancelot D Cunha of ITI Wealth Management recommended buying LIC Housing Finance with a target price of Rs 177.50 and SKS Microfinance with a target price of Rs 132.50.
According to Nooresh Merani of AMSEC Research, one may buy Dabur India with a target price of Rs 166 in the day and a stop loss at Rs 157 and advises buying Tech Mahindra with a stop loss at Rs 1,190.
Nooresh Merani of AMSEC Research advised buying Dabur India with a target price of Rs 166 and Tech Mahindra with a target price of Rs 1300.
According to Vishal Malkan of malkansview.com, one may buy Aditya Birla Nuvo with a stop of Rs 1,150 for target of Rs 1,210 and advises buying Biocon with a stop of Rs 312 for targets of Rs 328.
Pankaj Jain of Sunteck Wealthmax advised buying Idea Cellular with a target price of Rs 176 and Hexaware Technologies with a target price of Rs 121.50.
