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 Jaideep Goswami, Head of Equity at ICICI Securities, pharma sector being export oriented sector will continue to outperform in at least first few months of the year.
SP Tulsian of sptulsian.com has a positive view on Torrent Pharmaceuticals and advises buying it on correction.
Krish Subramanium of Asit C Mehta Invstt Intermediates recommends buying Rallis India for a target of Rs 173 and NIIT Technologies for a target of Rs 343.
Nooresh Merani of Analyse India advises buying Chambal Fertiliser for a target price of Rs 43 and Godrej Industries for a target price of Rs 300.
Shrikant Chouhan of Kotak Securities suggets buying Bata India with a target of Rs 1045-1060 and Zee Entertainment with a target of Rs 300.
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 Krish Subramanium of Asit C Mehta, one may buy Mangalore Refinery and Petrochemicals for a target of Rs 45.75 and advises selling Voltas for a target price of Rs 83.
Krish Subramanium of Asit C Mehta advises buying Mangalore Refinery and Petrochemicals for a target price of Rs 45.75 and Torrent Pharma for a target price of Rs 512.
SP Tulsian of sptulsian.com is of the view that Torrent Pharmaceuticals has target of Rs 600. "The company has three plants in India. They have a very good presence worldwide. They have the unit in Brazil, US and in Germany," he adds.
SP Tulsian of sptulsian.com asks traders to keep a view of about six months and look for a target of Rs 500 on Torrent Pharmaceuticals. He expects Indraprastha Medical Corporation, which is now ruling at around Rs 33, to move to Rs 40 maybe in six months or so.
Ajay Bodke of Prabhudas Lilladher Private Limited is upbeat on Shree Cements, Jammu and Kashmir Bank, Bharat Electronics.
Torrent Pharma can go above Rs 1000, says SP Tulsian, sptulsian.com. They had an EPS of close to about Rs 25 against Rs 34 EPS in whole of FY12 with PAT of close to about Rs 210 crore in the first half of FY13 against Rs 260-270 crore which they had in FY12.
Expect 24-25% upside in Torrent Pharma, says Ajay Bodke of Prabhudas Lilladher. There the story is essentially of around 20 percent growth in earnings in the current and around 30 percent in the next financial year with a bottomline of around 25 percent CAGR in the current and next financial year.
Ajay Bodke of Prabhudas Lilladher says on ground implementation of reforms and the pace and extent of rate cuts, which the RBI could unveil post January, are the key events to watch, in addition to the contingence of the risk-on trade.
Bino Pathiparampil of IIFL is bullish on Dr. Reddy‘s, Divi‘s Laboratories and Torrent Pharma. These stocks have attractive valuations and strong growth prospects. "These three stocks have good upside even in this market," he told CNBC-TV18.
Anu Jain, IIFL Private Wealth Management suggests to enter Torrent Pharmaceuticals on dips.
Buy Torrent Pharma for long term, says Avinash Gorakshakar of Edelweiss Financial.
Torrent Pharma may touch Rs 680 levels, says Kunal Bothra, LKP.
Bull's Eye, the popular game show on CNBC-TV18, offer investors a chance to have a look at the stocks that can be added to their portfolio.